A regional social commerce company, DealShare, raised around $8 Mn in its Series A round of funding led by Matrix Partners India and Falcon Edge Capital. The round also saw participation from partners of DST Global, and Omidyar Network India. The company, which is currently serving customers in Rajasthan and Gujarat, said it plans to expand into 100 cities across more than 10 states in the next one year. The fresh funds will be also utilized for developing artificial intelligence-based solutions and indigenous logistics network.

(Inc42)