Mumbai: Following the success in Mumbai, DealShare, one of the fastest-growing social e-commerce companies has announced that they are planning to penetrate further into the state and expand their services to more than 100 pin codes in the state. To address the growth-driven business demand, the company will be expanding its warehousing presence from current 5000 sqft to 60,000 sqft and will add new warehouses at Mumbai, Pune, Nashik and Nagpur.
Commenting on the expansion, Mr Vineet Rao, Founder and Chief Executive Office, DealShare, said, “We have been receiving a very warm welcome in Mumbai. In the last three months, we have registered a ten times growth in our sales. This acceptance has boosted us significantly and we are planning to expand further into the state. We are planning to extend our services to Pune, Nashik, and Nagpur and touch around 100 pin codes in the state by Dec 2020. We are also confident that by December we will touch a scale of 30,000 orders every day in the state. In just six months of operations, Mumbai contributes to 25% of our revenue and will continue to be a growth driver for our business.”
“Despite the harsh on-ground conditions, we have been able to deliver around 10,000 orders per day. We also plan to expand our team and are planning to hire 200 people across levels in Maharashtra. Further, apart from offering quality products at affordable prices, we also strive to provide the MSMEs and SMEs an opportunity to reach out to a wider audience. In Maharashtra, we are associated with more than 200 manufactures, we are planning to grow this to 500 manufacturers by the end of December.” added Mr Sourjyendu Medda, Founder, Chief Business Officer and Chief Financial Officer, DealShare
Apart from extending their services to newer areas, DealShare has also widened its product portfolio pan India. They have added perishables like fruits, vegetables, dairy products, bread, and household general merchandise like plastics, utensils, stationery, household electronics & electrical equipment and luggage.
Founded in September 2018 DealShare has established itself as a key e-grocery player in the social commerce space, a concept that utilizes e-commerce and social media to help customers avail noteworthy deals and discounts on their daily-use products while encouraging group buying. DealShare currently has presence across 25 cities and has more than 15 lakh customers shopping from the platform.