DealShare CEO Kamaldeep Singh Steps Down Amid Acquisition Talks

What happened

Singh had joined DealShare in December 2022 as its president, before transitioning to the role of CEO in January 2024 to spearhead the struggling startup as it revives its value-commerce business. Amid a potential fire sale on the horizon, ecommerce unicorn DealShare’s CEO Kamaldeep Singh has stepped down from his role to join electric mobility solutions provider Indofast Energy as its CEO.

Singh took to LinkedIn to make the announcement but didn’t specify the reason behind his exit. He had a near 15 year long stint with Big Bazaar prior to DealShare, where he served as the CEO for more than a year.

For context, Indofast Energy operates a fast charging battery-as-a-service network for EVs across India. It is a joint venture between Indian Oil Corporation and SUN Mobility.