Former Uber executive Ratul Ghosh joins online retail platform DealShare
Tiger Global and Alpha Wave Incubation, a social commerce start-up and online retailer, DealShare, have appointed Ratul Ghosh as director of growth and marketing.
Ghosh, who joined DealShare in October, will be responsible for leading DealShare’s growth and expansion program and realizing the company’s vision of becoming the nation’s leading retailer, reaching out to middle- and low-income families. DealShare said in a statement.
Prior to joining DealShare, Ghosh worked for three years at global ridesharing start-up Uber as operations manager for India and South Asia.
Ghosh, a mechanical engineer who received his MBA from IIM Calcutta, also co-founded three companies, including Mansionly, ShopWest and Ureqa. Prior to that, he worked in companies such as eBay, Philips, HCL, and Tata’s back office.
âImproving the quality of life for the middle and lower class is what DealShare stands for and this deeply rooted vision is what drew me here. The founders and the team have a 360 degree understanding of the ecosystem and I am a huge fan of the innovation that DealShare has brought to the online retail ecosystem, âsaid Ghosh.
âOver the next two years, we seek to become the number one retailer of choice for the following 500 million unaddressed people in India and Ratul’s partnership with DealShare will be crucial in driving this vision for growth,â said Vineet Rao , Founder and CEO of DealShare. .
Jaipur-based DealShare, operated by Merabo Labs Pvt Ltd, was founded in 2018 by Vineet Rao, Sourjyendu Medda, Sankar Bora, Rishav Dev and Rajat Shikhar. The start-up offers groceries, basic necessities and home care products aimed at middle and lower income groups through a community group buying model.
It claims to have a presence in over 60 cities across 5 states and has served around 50 lakhs of consumers and adds lakhs of new consumers every month.
This year, it has already raised nearly $ 150 million in debt and equity funds in three tranches from existing and new investors.
In the last round in July this year, Dealshare secured $ 144 million (roughly Rs 1,076 crore) in a Series D funding round led by Tiger Global.
In April, the startup raised 70 crore rupees ($ 9.2 million) from venture debt provider Alteria Capital. Earlier this year, he raised 25 crore rupees (about $ 3.4 million) in financing from venture debt provider InnoVen Capital.
Last year, DealShare raised $ 21 million (around Rs 155 crore) as part of its Series C funding round led by private equity firm Westbridge Capital.