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DealShare CEO Kamaldeep Singh exits to lead Indofast Energy amid reported Truemeds acquisition talks

Inc42 reports Singh will lead a battery-swapping venture between Indian Oil Corporation and SUN Mobility.

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1 Source, 27m ago, first seen 27m ago

TLDR

Inc42 reports Kamaldeep Singh, DealShare’s CEO since January 2024, is leaving to lead Indofast Energy, which aims to expand its battery-swapping network across India. DealShare is reportedly exploring a potential acquisition by Truemeds through a share-swap deal valuing it at just over $90 million, down nearly 95% from its $1.7 billion peak.

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1 Source

Inc42@Inc42🚨 DealShare CEO Kamaldeep Singh Exits To Lead Indofast Energy Amid Acquisition Talks. 👇 Singh, who joined DealShare as CEO in January 2024, will lead Indofast Energy, an EV battery-swapping venture between Indian Oil Corporation and SUN Mobility, as it looks to expand its network across India. His exit comes as DealShare grapples with a struggling ecommerce business and reportedly explores a potential acquisition by Truemeds through a share-swap deal valuing it at just over $90 Mn, down nearly 95% from its peak valuation of $1.7 Bn. 🔗 DealShare faces an uncertain future as its CEO moves on and acquisition talks continue. Read the full story here: https://t.co/YXaboh8oSf #DealShare #IndofastEnergy #Truemeds #Ecommerce #News27m
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    1 Source

    Inc42@Inc42🚨 DealShare CEO Kamaldeep Singh Exits To Lead Indofast Energy Amid Acquisition Talks. 👇 Singh, who joined DealShare as CEO in January 2024, will lead Indofast Energy, an EV battery-swapping venture between Indian Oil Corporation and SUN Mobility, as it looks to expand its network across India. His exit comes as DealShare grapples with a struggling ecommerce business and reportedly explores a potential acquisition by Truemeds through a share-swap deal valuing it at just over $90 Mn, down nearly 95% from its peak valuation of $1.7 Bn. 🔗 DealShare faces an uncertain future as its CEO moves on and acquisition talks continue. Read the full story here: https://t.co/YXaboh8oSf #DealShare #IndofastEnergy #Truemeds #Ecommerce #News27m
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