Mumbai, September 8, 2022: DealShare, the fastest growing social e-commerce player, today announced its plans to strengthen the community leader network – DealShare Dost. This unique model by DealShare optimises supply chain while improving efficiency and fostering entrepreneurship. It has created over 1000 small scale businesses in Tier 2 and 3 cities in the last 2 years. The DealShare Dosts have grown from micro entrepreneurs in their local region / locality, to thriving small scale businesses witnessing an increase in revenue over 10 times in the last 2 years. Currently, this DSD network is empowering over 20,000 people with job opportunities that provide additional incomes and growth avenues.
Built on first principles, ‘DealShare Dost’ allows enterprising individuals to leverage their social network, personal connect and first-hand knowledge about the residents in their respective localities. By playing a significant role in the ecommerce supply-chain eco-system, DealShare is ensuring that the larger part of India’s population is included in the India growth story. The model highlights attractive incentives to each partner in the network on a daily basis. The average revenue earned by a DealShare Dost today is more than Rs 1 lakh per month.
Speaking about the growth of DealShare Dosts, Mr. Vineet Rao, CO-Founder & CEO, DealShare said, “At DealShare, our focus has always been value first to our customers; we are constantly striving to ideate concepts and business models that benefit our end consumers across regions. Based on our extensive research, we are one of the very few that have recognized the immense potential of India’s mass population that is available to be leveraged in productive and significant ways. Through the DealShare Dosts model, we are very happy to have recognized and implemented a win- win solution that empowers micro entrepreneurs, enables job creation and additional incomes to people in tier 2 and tier 3 cities and also offer quality products at lowest in market prices for our customers”
Mr. Sourjyendu Medda, Co-founder, Chief Commercial Officer, DealShare, said, “We are aiming to establish a DealShare Dost for every 1000 households in the cities and towns we cover. The aggressive growth plan of the DealShare Dost network will be supported by providing more avenues for our Dosts to improve their revenue generation. This model of expansion is in alignment with our current business priorities to maximize sales and reduce costs; in this particular instance, by empowering DealShare Dosts we are able to avoid brand marketing expenses and move towards achieving profitability much faster”
Currently, the network has been growing at 10% month-on-month and contributing close to 40% of the overall revenue/ sales. The company is also planning to invest in bringing out policies that further strengthen the program.
