November 2026
Largest FashionTech Public Companies
Benchmark revenue and EBITDA valuation multiples for public comps like
Shein, Zalando, Zozo, Vipshop and Vishal Mega Mart.
 | Shein Global Holdings Ltd is an online fashion and lifestyle company. It operates online platforms that offer fashion products to consumers mainly in the United States and Europe. The company's portfolio of brands includes SHEIN, Dazy, Romwe, MOTF, Anewsta, Musera, Glowmode, and Aralina. The majority of the company's revenue is derived from the sale of its fashion apparel products. | $5 | -- | $22B | $8.5B | 0.2x | 3.6x | ||
 | Zalando, founded in 2008, is Europe’s biggest pure-play online fashion platform. Zalando is present in 25 European countries, and its major market is the DACH region, comprising Germany, Austria, and Switzerland. After the About You acquisition, it has 17 fulfillment centers, offers over 7,000 brands, and as of September 2025, had 62 million active users (more than 10% of the population in countries where the firm has a presence). | $32 | +17% | $7.7B | $7.8B | 0.6x | 10.3x | ||
 | Zozo, established in 1998 by Yusaku Maezawa, operates Zozotown, Japan's largest fashion e-commerce platform. Zozotown runs primarily on a consignment model, where brands stock products at Zozo's logistics bases and operate shops as tenants. As of 2025, Zozotown hosts over 11,000 brands and 12.5 million active users. Beyond its core domestic business, Zozo is expanding into adjacent categories such as skincare, cosmetics, and fragrance (near fashion), and internationally through Lyst, a UK-based luxury fashion platform acquired in 2025, and Zozofit, a body measurement app. | $7 | -15% | $6.4B | $6.3B | 4.4x | 13.2x | ||
| Vipshop is a leading Chinese online discount retailer offering branded products at attractive discounts ranging from 10%-90% off their original price through daily flash sales. It operates warehousing, retailing, product procurements, software development, and information technology support in-house while outsourcing to third-party logistics providers for distribution and shipments. Branded products on Vipshop’s platform are sourced mostly through a consignment model with global brand partners . As of March 31, 2025, Eric Ya Shen, chairman and CEO, had 64.5% voting rights. Leading Chinese social media firm and strategic shareholder Tencent also holds an 12.5% interest. | $13 | -33% | $6.3B | $3.7B | 0.2x | 2.4x | ||
 | Vishal Mega Mart Ltd is engaged in the wholesale and retail trade of apparel, fast-moving consumer goods, and general merchandise. The group offers products across three product categories: apparel, general merchandise, and fast-moving consumer goods through a pan-India network of nearly 645 Vishal Mega Mart stores. Its brands are Yellow Hippo, Wavelength, Brink, Home Pure, Outshine, Tandem, Home Finery, and Others. The Group operates in the reportable segment of Contract Manufacturing and Wholesale and Retail Trading. | $1 | -33% | $4.8B | $4.8B | 3.5x | 23.0x | ||
 | Revolve Group Inc is an emerging e-commerce retailer, selling women's dresses, handbags, shoes, beauty products, and incidentals across its marketplace properties, Revolve and FWRD. The platform is built to suit the "next-generation customer," emphasizing mobile commerce, influencer marketing, and occupying an aspirational but attainable luxury niche. With $1.1 billion in 2024 net sales, the firm sits just outside the top 30 apparel retailers (by sales) in the U.S, but has consistently generated robust top-line growth as the industry continues to favor digital channels. Revolve generates approximately 18% of sales from private-label offerings, while focusing on building an inventory of distinctive products from emerging fashion brands with less than $10 million in annual sales. | $19 | -22% | $1.3B | $1.1B | 0.9x | 12.5x | ||
| Pearl Global Industries makes and exports readymade garments for global fashion brands and retailers, with plants in India, Bangladesh, Indonesia and Vietnam. Customers are mainly US and European apparel labels. Headquartered in Gurugram. | $14 | +50% | $1.3B | $1.4B | 2.6x | 29.0x | ||
| Bluestone Jewellery and Lifestyle sells diamond, gold and platinum jewellery in India through its website and a growing chain of stores. Customers are consumers buying designs it makes under its own brand. It started online and moved to an omnichannel model. Headquartered in Bengaluru. | $8 | +25% | $1.2B | $1.4B | 5.2x | 32.8x | ||
 | Boozt AB is a Nordic technology company selling fashion, apparel, and beauty online. The company operates in two segments: Boozt.com, and Booztlet.com. The Boozt.com segment consists of the operational activities related to the multi-brand webstore Boozt.com. The webstore Boozt.com is the online destination for Fashion, Kids, Sports, Beauty, and Home, tailored to deliver convenience and a curated selection of brands. The Booztlet.com segment consists of the operational activities related to Booztlet.com. The Booztlet.com segment mainly operates as the group's channel for inventory clearance, retailing items that did not sell within an allotted time frame in the webstores. The majority of its revenue is derived from Boozt.com. Geographically, the majority is derived from the Nordics. | $17 | +52% | $998M | $1.1B | 1.3x | 15.4x | ||
| ODDITY Tech Ltd offers a consumer tech platform that is built to transform the beauty and wellness market. The ODDITY platform is designed to support a portfolio of brands and services that innovate and disrupt the expansive beauty and wellness market. It consumes user data to develop physical beauty and wellness products that deliver performance and functionality. Its brands include SpoiledChild and IL Makiage. | $18 | -59% | $813M | $1.2B | 1.4x | 8.9x | ||
 | THG PLC is an online retailer. It provides an end-to-end direct-to-consumer ("D2C") e-commerce solution for consumer brand owners under a Software as a Service, in addition to stand-alone services, including hosting, content creation and translation. Its business is operated through four businesses: THG Ingenuity, THG Nutrition, THG Beauty and Other. The company operates in the United Kingdom. | $1 | -14% | $812M | $1.5B | 0.6x | 11.1x | ||
| Asos is a global e-commerce player focusing on fashion and cosmetics and targeting the youth segment (20-somethings) globally. Of its revenue, 45% comes from its UK home market, 30% from other European Union countries, 13% from the United States, 12% from the rest of the world. The company ships to 240 countries from its three warehouses located in the UK, continental Europe, and the United States. It offers over 85 000 products on its website from third-party brands and its own labels. | $6 | +97% | $759M | $1.2B | 0.4x | (19.1x) | ||
| Gokaldas Exports makes ready-made garments such as shirts, jackets and knitwear for global fashion brands. Customers are large retailers in the US and Europe. It is based in Bengaluru. | $7 | -31% | $527M | $595M | 1.5x | 14.8x | ||
| Purple Style Labs runs Pernia's Pop-Up Shop, an online and offline luxury Indian fashion platform selling designer wear and accessories. It sells to consumers in India and abroad through its website and stores. The company is headquartered in Mumbai. | $5 | -- | $420M | $442M | 7.4x | (41.3x) | ||
| Raymond Lifestyle makes and sells fabrics, suits and apparel under brands such as Raymond, Park Avenue and Parx, through its own retail stores and wholesale channels. It also runs garment manufacturing and ethnic wear. It is headquartered in Mumbai. | Textiles+1 | $6 | -53% | $357M | $519M | 0.7x | 7.9x | |
 | Terminal X Online Ltd is engaged in the import, marketing, and online sale of fashion items and lifestyles. | $2 | +19% | $280M | $312M | ||||
| Knitwear maker and exporter of garments for infants, children and adults, supplying European retailers and brands. Also runs domestic branded retail with Classic Polo and a stake in Fashion Retail. Operations centred in Avinashi and Tirupur, Tamil Nadu. | $9 | +8% | $239M | $275M | ||||
| ThredUp Inc is an online resale platform for women and kids apparel, shoes, and accessories. It generates revenue from items that are sold to buyers through the website, mobile app and RaaS partners. Geographically, the majority of the company's revenue is generated from United States. | $2 | -79% | $210M | $205M | ||||
| 1stdibs.com Inc is an online marketplace for connecting design lovers with the sellers and makers of vintage, antique, and contemporary furniture, home decor, jewelry, watches, art, and fashion. The Company has a single reportable and operating segment that contains one reporting unit, which consists of the Company’s online marketplace that enables commerce between sellers and buyers. The company generates maximum revenue from fees from seller marketplace services and other services, including advertisements. | $6 | +0% | $195M | $141M | ||||
 | Answear.com SA is one of the leading digital sales platform for branded clothing, footwear and accessories in the Central and Eastern Europe region. The business is spread across Poland, Czech Republic, Slovakia, Hungary, Romania, Bulgaria and Ukraine. | $6 | -19% | $111M | $179M | ||||
| Global Fashion Group SA is a fashion and lifestyle e-commerce and associated ancillary services such as marketing, technology, payment, warehousing, and logistics services. The Group offers a wide assortment of international and local fashion brands, as well as a selection of its label brands. The Group operates in growth markets through three e-commerce platforms across three regions under the following labels: Dafiti (LATAM), Zalora (SEA), and The Iconic (ANZ). The business segments of the company include Latin America (LATAM), SEA, and ANZ. The majority of the revenue is generated from the ANZ segment, which represents the operations of The Iconic brand in Australia and New Zealand. | $0 | +49% | $111M | $55M | ||||
| a.k.a. Brands Holding Corp is an online fashion retailer focused on acquiring and accelerating the growth of next-generation, digitally native fashion brands targeting Gen Z and Millennial customers. The brands of the company are two women’s brands, Princess Polly and Petal & Pup, and two streetwear brands, Culture Kings and mnml. The company derives maximum revenue from Australia/New Zealand. | $8 | -42% | $91M | $305M | ||||
 | Nine & Co Inc is the parent company with a brand portfolio of seven brands geared towards pregnant women, babies, and children up to 8 years old: Noppies, Supermom, Queen Mum, Esprit Maternity, Alvi, Imps & Elfs, and Nop. With the recently acquired Alvi, Nine & Co. adds to its brand portfolio focused on fashion & home, a brand known for its sleepwear and ergonomic sleeping bags. The group is active in all relevant categories within its domain: maternity, baby, children's clothes, and home & sleep items. | $3 | -14% | $71M | $48M | ||||
| Online Brands Nordic AB is an e-commerce company. The group operates the online store Trendcarpet, which is engaged in retailing of carpets. The company operates in more than 10 different countries and is primarily aimed at the private market. The group also houses international e-commerce for hats under the Hatshop brand and the jewelery store John Victorin in Varberg AB. | $2 | +22% | $57M | $59M | ||||
 | Dealicious Inc operates a two-sided platform service that supports product promotion for domestic wholesalers and product exploration and transactions for domestic and international retailers in the fashion B2B market, including Dongdaemun. | $2 | -- | $35M | - | ||||
| WeShop Holdings Ltd is a community owned social commerce platform offering shoppers shares in the Company every time customers make a purchase, recommend a product or refer a new member. WeShop earns revenues from advertising on their platform and commissions on the sales through the platform. | $3 | -98% | $31M | $34M | ||||
| Sosandar PLC is involved in the online sale of women's wear products through its platform. It is engaged in the sale of womenswear fashion, footwear, and accessories through its website, and selected third-party partners. The product portfolio of the company includes clothing, footwear, gifts, accessories, and gift cards, among others. Geographically, the company derives its key revenue from the United Kingdom. | $0 | +45% | $28M | $21M | ||||
 | Enjoei SA is an online retail platform. It offers apparels, footwear, beauty, toys for children, clothing and other accessories. | $1 | +545% | $25M | - | ||||
| MOGU Inc is an online service provider in China, operating a KOL-driven online fashion and lifestyle platform, Mogujie, and providing customized online branding solutions to businesses. The company, on its platform, provides content related to fashion and lifestyle guides in various multimedia formats, which include Live Video Broadcasts, Short-form Videos, Photography, and an Online Review Community. The company derives revenues from within China. It also provides online marketing, commission, financing, technology, and other relevant services to merchants and users, as well as technology services to brand owners. | $2 | -28% | $16M | - | ||||
 | Emova Group SAD is engaged in the retail business of flowers and related accessories. | $1 | -4% | $13M | $32M | ||||
| Laxus Technologies Inc is engaged in Subscription based sharing business for luxury bags. | $1 | -44% | $13M | $12M | ||||
| Moliera2 SA is a Poland-based e-commerce company. It is engaged in the sale of Sweatshirts, Vests, Caps, Jeans, Hand Bags, Hair accessories, Blankets, Pillows, and Cutlery among several other products. | $0 | -20% | $11M | $15M | ||||
| MKB Nedsensean is an investment company, It focuses on investing in SMEs and supporting their growth ambitions. MKB Nedsense provides venture capital to finance that growth. MKB Nedsense focuses on investing and participating in companies with a value of up to approximately EUR 10 million. | $0 | -52% | $10M | $8M | ||||
| AirCloset Inc operates a fashion rental platform, airCloset. The company’s services include Online Fashion Rental Service, airCloset; Fashion Rental Shop, airClosetxABLE; Online Styling EC Service, airCloset Fitting; Manufacturer's official monthly rental mall, airCloset Mall; and Remote personal styling service, airCloset Talk. | $1 | -39% | $9M | $15M | ||||
 | Giglio is an Italian online fashion retailer based in Milan, trading as Giglio.com. It offers more than 700 fashion and luxury brands across womenswear, menswear and kidswear to customers in over 150 countries and is an official retailer of houses such as Gucci, Bottega Veneta, Fendi, Valentino and Burberry. The company was founded by Alessandro Giglio in 2003, was first active as a television and media group, moved into e-commerce services after acquiring MF Fashion in 2016, and has been listed on the STAR segment of Borsa Italiana. It later acquired Evolve Service, Terashop and Salotto Brera to widen its e-commerce platform and distribution business. For 2025 it reported revenue of 39.5 million euros, down 14 percent from 46.2 million euros a year earlier. | $1 | -43% | $7M | $7M | ||||
| Spartoo is engaged in the manufacturing, purchase, and sale of footwear, ready-to-wear, leather goods, and related accessories. The company has developed its e-commerce platform on which it offers customers a wide range of fashion items which include Jeans, Trousers, Sports Shoes, Shorts & Bermudas, Coats, and T-shirts & Polos among others. | $0 | -42% | $4M | $9M | ||||
| Median | $3 | -19% | $203M | $305M | 1.0x | 7.9x |
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