DealShare set to become unicorn with new funding

Social ecommerce startup DealShare is set to turn into a unicorn with a new round of funding that will value the company at $1.7 billion, as per sources.

DealShare is raising over $150 MN at a valuation of $1.7 BN and the round is expected to close soon, the sources said.

With this, Dealshare's valuation will more than treble and will catapult the company into the unicorn club. The company was last valued at under $500 million in July, when it had raised $144 million in its Series D round. It counts among its investors, Tiger Global, WestBridge Capital, Alpha Wave Incubation, & Z3Partners, partners of DST Global, Matrix Partners India & Alteria Capital. It is not clear who the new investors in the new round will be.