Social buying platform DealShare said it has raised $11 million (Rs 78 crore) in two investment rounds led by Matrix Partners and Falcon Edge, along with participation from the partners of DST Global and Omidyar Network. The company, whose model mirrors that of China’s Pinduoduo, focuses on group buying of grocery and home merchandise targeted at middle and lower income consumers in smaller cities and towns.

— The Economic Times

Rajaram Legal advised Matrix Partners led by a team of partners Priyadarshani Sherchan, senior associate Aakanksha Pagnis, associate Mahima Pradeep.

2019-10-11

Deal value: INR 78 crores (USD 11 million)

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