Dealshare appoints Kamaldeep Singh as CEO

Social commerce platform Dealshare has elevated its president of retail business Kamaldeep Singh to the position of chief executive officer (CEO).

The company also informed about the departure of its co-founder Sourjyendu Medda just months after co-founders Vineet Rao and Shankar Bora stepped down.

“The move comes after a six-month exhaustive and rigorous selection process by a leading global executive search and leadership consulting firm. The firm met both internal and external candidates who were suitable for the role,” a Dealshare spokesperson said in a statement.

“With the new development, Sourjyendu Medda will step down from executive position in the company. However, he will continue to be one of the key shareholders of the company. The move won’t have any impact on the company’s operations, headcount, strategy, and its vision of being a leader in the grocery and consumables market by targeting India’s rapidly growing mass market consumption,” the spokesperson added.

Dealshare was founded in 2018 by Rajat Shikhar, Sankar Bora, Sourjyendu Medda, and Vineet Rao. The company is currently undergoing a shift in its business model from online-only to an omnichannel retail presence.