DealShare Hunts For One Last Deal, Will It Find Any Takers?

DealShare 2.0 revival has stalled, with its online business largely shut and offline expansion put on hold

Investors remain divided over DealShare’s future as the startup struggles to find a sustainable business model

The two hour delivery model has been scaled back, while management churn and halted store expansion add to the uncertainty around the business

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“DealShare is today an empty vessel with $90 Mn in cash.” That’s how an investor who is aware of the company’s financial status, describes the startup.

Once valued at $1.7 Bn, this is what DealShare has been reduced to, and the company is actively looking for a potential acquirer, with many names reportedly close to acquiring it at a 95%-plus haircut.  

Truemeds is said to be one such suitor but the proposed acquisition is not a done deal yet, according to another investor aware of the development.

Active discussions are ongoing, but Truemeds’ existing investors are not necessarily aligned with the deal. DealShare is also in talks with other potential buyers, the investors added.

Captain Fresh is another name that had surfaced in connection with a possible acquisition but Inc42 has learnt that the company is not pursuing the transaction.

The talks for an acquisition at a distressed valuation come after years of restructuring and attempts to find a........

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