DealShare to invest Rs 1,000 cr in SMEs in 5 yrs, assist its private labels

Social e-commerce platform DealShare said on Tuesday it will invest Rs 1,000 crore in small and medium Indian brands, including its own private labels, over the next five years.

The Bengaluru-based company said it will invest in six states: Rajasthan, Haryana, Uttar Pradesh, Himachal Pradesh, Gujarat and Maharashtra.

“DealShare has always been at the forefront of supporting the growth of MSMEs in India. Our latest endeavor of expanding Indian private labels and local and regional manufacturing from MSMEs underscores our commitment to fostering entrepreneurship and uplifting local businesses,” said Sourjyendu Medda, the company’s founder and co-CEO.