Dealshare will invest $100 million to recruit 5000 people

Dealshare will invest $100 million to recruit 5000 people

New Delhi, Sep 15 (PTI) DealShare on Wednesday said it plans to invest USD 100 million (approximately Rs 736.3 crore) to scale up its operations and hire around 5,000 people across various functions.

This investment will be done over the next six months to accelerate the growth of the business.

The company recently raised US$144 million through Tiger Global, Westbridge Capital, Alpha Wave Incubation and others.

We are planning to invest USD 100 million in the next six months, DealShare founder and CEO Vineet Rao told PTI. The investment will be primarily for enhancing operational capabilities.

He said that despite the challenges of Kovid-19, the customer base of the company has increased significantly.

“We are presently present in around 900 pin codes across five states and over 45 cities,” Rao said.

The company plans to increase its workforce from 1,000 to more than 5,000 in the next six months, he said. These people will be appointed in roles such as operational excellence, product and technology, data science, marketing and sourcing.

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