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DealShare’s FY24 Revenue Plummets 75% To INR 500 Cr

  • DealShare, backed by Alpha Wave, reported a 75% drop in revenue for FY24, reaching INR 500 Cr.
  • The decline in revenue was due to winding down B2B operations and scaling back operations in several states.
  • Despite the decrease in expenditure, DealShare's cash and cash equivalents stood at INR 10.8 Cr at the end of FY24.
  • DealShare struggled to make profits despite raising $300 Mn in funding and turning into a unicorn in the social commerce space.

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