DealShare, the Indian social e-commerce company, is readying to invest about Rs 736.3 crore, on its expansion plan. Not only is it gearing up to scale its operations, but also hire 5,000 people by March 2022. The Company is working on increasing the number of warehouses by 200, by the end of the year. Presently, it already has about 40 warehouses across 45 Indian cities in five states, including Rajasthan, Gujarat, Maharashtra and Karnataka, with a total headcount of about 1,000.
Having formally launched operations in Delhi-NCR, the Company plans to cover more than 100 cities across 10 states at the earliest. Its current gross merchandise value (GMV) annual run rate (ARR) stands at US$ 400 million, which it plans to take up to over US$ 1 billion by the end of the year.
The hiring will be done across roles, such as operational excellence, product and technology, expansion marketing, data science, sourcing and private brands and distribution, among others.
Post expansion into Delhi-NCR, DealShare has already managed to gain a million users in four months, and hopes to capture five per cent of the market share in the region in a year’s time. Having received a surprisingly positive response, it has established associations with over 200 manufacturers in Delh-NCR alone.
Founded by Vineet Rao, DealShare offers customers a wide range of products, from groceries to daily-use essentials, at competitive prices. The pandemic has only helped the Company do well, with its customer base growing at 50 per cent month-on-month. It is confident of achieving the 10 million mark by the end of 2021.