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October 2026
Largest RetailTech Public Companies
Benchmark revenue and EBITDA valuation multiples for public comps like
Amazon, Shopify, MercadoLibre, Toast and Allegro.
 | Amazon is an American technology and retail company headquartered in Seattle, Washington, with a second headquarters in Arlington County, Virginia. It runs the amazon.com online store and marketplace for third-party sellers, the Amazon Prime subscription programme, which had 200 million subscribers worldwide in 2021, and Amazon Web Services, the cloud computing unit launched in 2002 that rents data storage and computing power to companies. It also sells Echo, Kindle and Fire devices, distributes video, music and audiobooks through Prime Video, MGM+, Amazon Music, Twitch and Audible, and owns the Whole Foods Market grocery chain, Ring, IMDb and the self-driving car developer Zoox. Amazon earns revenue from product sales, seller commissions and fulfilment fees, subscriptions, cloud services and advertising. It reported revenue of US$716.9 billion and net income of US$77.7 billion in 2025 with about 1,576,000 employees, making it the world's largest company by revenue as of 2026 and the second-largest private employer in the United States. Jeff Bezos founded the company as Cadabra on July 5, 1994, in Bellevue, Washington, as an online bookstore and renamed it Amazon that November. Bezos, who owns about 8.8% of the shares, became executive chairman in July 2021, when former AWS chief Andy Jassy became chief executive. | $263 | +8% | $2.8T | $2.9T | 4.1x | 18.2x | ||
 | Shopify is a Canadian commerce software company headquartered in Ottawa, Ontario, that provides the cloud platform more than 5 million merchants use to run online stores and physical retail. Its subscription plans let businesses build storefronts, manage products, orders and inventory, and sell through point-of-sale systems, social networks and marketplaces, while merchant solutions add Shopify Payments, the Shop Pay accelerated checkout (more than 150 million users in 2024), shipping, merchant lending through Shopify Capital and an app store with more than 10,000 third-party apps. Revenue comes from monthly subscription fees and, increasingly, from payment processing and other transaction-linked services. Merchants processed US$292.3 billion of transactions on the platform in 2024, and 2025 revenue rose 30% to US$11.6 billion with net income of US$1.23 billion; the company had about 7,600 employees in 2025. Shopify was started by Tobias Lütke, Daniel Weinand and Scott Lake, and Lütke remains chief executive. It went public on May 21, 2015, trades on the Toronto Stock Exchange, moved its US listing from the NYSE to Nasdaq on March 31, 2025, and joined the Nasdaq-100 that May. | $173 | 0% | $223B | $218B | 18.9x | 180.7x | ||
 | MercadoLibre is a publicly listed e-commerce and financial technology company founded in Buenos Aires in 1999 by Marcos Galperin. It operates an online marketplace, the Mercado Pago payments and credit business, the Mercado Envios logistics network and an advertising unit across eighteen Latin American countries. The company is incorporated in Delaware, trades on the Nasdaq under the symbol MELI and has its headquarters in Montevideo, Uruguay. It reported revenues of 28.9 billion dollars for 2025 and operating income of 3.2 billion dollars, with about 123,670 employees. Its commerce and fintech services reached 131 million unique buyers over the twelve months to the second quarter of 2026. The company has grown through acquisitions of classifieds portals, logistics and payments businesses and through minority investments made partly through its corporate venture fund. | $1,880 | -19% | $95B | $103B | 3.6x | 28.0x | ||
| Toast Inc is a cloud-based, all-in-one digital technology platform purpose-built for the restaurant community. The company provides a comprehensive platform of software-as-a-service (SaaS) products and financial technology solutions, including integrated payment processing, restaurant-grade hardware, and a broad ecosystem of third-party partners. It serves as a restaurant operating system, connecting front of house and back of house operations across service models such as dine-in, takeout, and delivery. It operates through one reportable segment consisting of its SaaS products, financial technology solutions, integrated payments, hardware, and partner ecosystem. | $33 | -9% | $19B | $17B | 2.8x | 47.8x | ||
 | Allegro is a large Polish holding company with a suite of complementary online retail properties including Ceneo (price comparisons), EBilet (live events tickets), We|Do (courier services), and the Mall Group (online and offline retail in adjacent Central European markets). The firm is best known for its eponymous e-commerce marketplace, which generates predominantly third-party product sales across the home and garden, electronics, health and beauty, automotive, and supermarket categories. The operator boasts 45% to 50% share of the Polish e-commerce market by GMV, per our calculations and PWC data, and has built out a suite of ecosystem functionality that includes financial, logistics, and advertising services. | $15 | +58% | $15B | $16B | 5.3x | 19.2x | ||
 | ELM Co is engaged in providing ready-made and customized digital solutions in many areas. Its ready-made solutions serve a broad segment of customers, who can subscribe to different packages of their choosing to meet their needs and suffice business requirements. The services offered by the company include Consulting, Data Analysis and Technical solutions. The segments are Digital Business, Business Process Outsourcing and Professional Services, out of which the majority are from the Digital Business segment. | $143 | -43% | $11B | $11B | 4.2x | 16.1x | ||
 | Rakuten is a leading e-commerce and financial technology service provider in Japan. It has built up a comprehensive Rakuten ecosystem in Japan, including Rakuten Ichiba for e-commerce, Rakuten Travel, Rakuten Card, Rakuten Bank, and Rakuten Securities, and became the fourth mobile network operator in Japan in April 2020. The loyalty program, Rakuten Super Points, has encouraged cross-use of services in its ecosystem. About 90% of its revenue is generated from the Japanese market. | $4 | -39% | $8.8B | $13B | 0.8x | 6.4x | ||
| Wix.com is a software-as-a-service content management system platform that allows users to create, customize, and manage websites for themselves, or for clients. Wix is best known for its Wix Editor service for self-creators, but in recent years has invested heavily and introduced its Wix Studio offering for partners, who are agencies and developers. Wix also offers a range of business solutions such as payment services and marketing products. | $79 | -46% | $3.3B | $4.4B | 2.2x | (350.0x) | ||
| Agilysys Inc provides hospitality software delivering cloud-native SaaS and on-premise solutions for hotels, resorts, cruise lines, casinos, corporate foodservice management, restaurants, universities, stadiums, and healthcare facilities. The company’s software solutions include point-of-sale (POS), property management (PMS), inventory and procurement, payments, and related applications that manage and enhance the entire guest journey. It derives maximum revenue from the provision of software subscription and maintenance services, followed by the provision of professional services, and the sale of products (proprietary software licenses, third-party hardware, and operating systems). Agilysys operates across North America, Europe, the Middle East, Asia-Pacific, and India. | $116 | -7% | $3.3B | $3.2B | 10.0x | 55.6x | ||
 | Xinhua Winshare Publishing & Media Co Ltd is engaged in integrated cultural operations specializing in the creative content production of publications, education services, cultural consumption services, supply chain services, and capital operation. Its activities are editorial and publishing of publications, sales of publications in physical stores and the internet, distribution of textbooks and supplementary materials, education information and equipment services, etc. It is through two operating segments; the Publication segment, which includes publishing books, periodicals, and audiovisual products, and the Distribution segment, which comprises the distribution of textbooks and supplementary materials. The group generates a majority of its revenue from the Distribution segment. | $1 | -48% | $3.2B | $2B | 1.1x | 7.9x | ||
| Beijing Shiji Information Technology Co Ltd is an information technology company based in China. It is engaged in the development of software solutions serving mainly hotel, food and beverage, retail, and leisure and entertainment sectors. Shiji provides branded chain stores with complete management solutions and department store solutions which include investment management system, ERP, CRM, visual counter system, mobile POS and cloud platform. In addition, Shiji provides installation, certifications and after-sales service for a variety of hardware including servers, point of sale equipment and printers. | $1 | -19% | $3.1B | $2.7B | 6.5x | 129.0x | ||
| Newland Digital Technology Co Ltd, formerly Fujian Newland Computer Co Ltd is an IT products and services provider in China. It provides solutions for barcode recognition, financial payment, mobile and other communications, traffic information and internet finance activities. The company offers barcode recognition technology, POS machines for electronic financial payment, intelligent transportation solutions, cloud computing and big data services, online to offline two-dimensional code marketing services and other solutions. In addition, it provides solutions which integrates software development, hardware manufacturing and system integration in the field of food safety. | $3 | -26% | $2.9B | $2.2B | 1.7x | 11.8x | ||
 | Vusion is a company that offers Vuision Retail IOT technology platform to help retailers transform their physical stores into high-value digital assets that are more automated, data-driven, and connected in real-time to suppliers and consumers. It connects shelves to the cloud, providing real-time accurate information on product availability and location, allowing for reduced inventory, out-of-stock, and waste, as well as improved on-shelf availability and merchandizing compliance. | IoT+1 | $138 | -51% | $2.3B | $2.1B | 1.3x | 6.9x | |
| Diebold Nixdorf Inc is engaged in providing software and hardware services for financial and retail industries. The customer segments of the company are Banking, which offers integrated solutions for financial institutions, and Retail, which offers solutions, software, and services that improve the checkout process for retailers. A majority of its revenue is generated from the Banking segment. | $68 | +12% | $2.3B | $3B | 0.8x | 9.0x | ||
| GigaCloud Technology Inc provides end-to-end and B2B e-commerce solutions for large parcel merchandise. Its B2B e-commerce platform, which is referred to as the GigaCloud Marketplace, integrates everything from discovery, payments, and logistics tools into one easy-to-use platform. It offers online and offline integrated cross-border transaction and delivery services for furniture and large merchandise. Its marketplace seamlessly connects manufacturers in Asia with resellers in the U.S., Asia, and Europe to execute cross-border transactions with confidence, speed, and efficiency. It offers a truly comprehensive solution that transports products from the manufacturer's warehouse to end customers, all at one fixed price. It earns the majority of its revenue from the United States. | $59 | +106% | $2.1B | $2.2B | 1.7x | 14.1x | ||
 | Pine Labs Ltd is a technology company digitizing commerce for merchants, brands, enterprises, and financial institutions. It operates two segments: Digital Infrastructure and Transaction Platform, which contributes the majority of its revenue through in-store and online payments, affordability, value-added services, and transaction processing; and Issuing and Acquiring Platform, providing prepaid, loyalty, rewards, and card issuing and acquiring solutions. Its offerings include UPI and payment gateway services, gift cards, card management, and fintech infrastructure. Pine Labs serves banks, corporates, government, fintech, e-commerce, and startups across multiple industries, enabling customer acquisition, onboarding, expense management, rewards, refunds, and embedded bill payments. | $2 | -- | $2B | $1.8B | ||||
| Ziff Davis Inc is a digital media and internet company operating a portfolio of brands across technology, shopping, gaming and entertainment, health and wellness, connectivity, and cybersecurity. The company has five reportable segments. The Technology & Shopping segment generates revenue from advertising and commerce content. The Gaming & Entertainment segment provides content, subscriptions, and digital storefront services. The Health & Wellness segment offers digital tools and content for health management. The Connectivity segment provides data and analytics solutions for network performance. The Cybersecurity & Martech segment delivers cloud-based software for security and marketing. It generates the majority of its revenue from the Health & Wellness segment. | $57 | +63% | $1.9B | $1.2B | ||||
| Modivo SA operates in the footwear and apparel segment across multiple European markets. The group follows an omnichannel retail model that includes a network of physical stores and e-commerce platforms. Its operations are conducted under several brands, including CCC, HalfPrice, eobuwie.pl, MODIVO, Worldbox, and Boardriders. | $25 | -39% | $1.9B | $3B | ||||
| Innodata Inc is a data engineering company. It is helping companies deploy and integrate AI into their operations and products and providing AI-enabled industry platforms. The Company's operations are classified in three reporting segments: Digital Data Solutions (DDS), Synodex and Agility. Key revenue is generated from DDS segment provides AI data preparation services, collecting or creating training data, annotating training data, and training AI algorithms for its customers, and AI model deployment and integration. It also provides a range of data engineering support services including data transformation, data curation, data hygiene, data consolidation, data extraction, data compliance, and master data management. | $55 | -26% | $1.9B | $1.6B | ||||
 | Nayax Ltd is an end-to-end retail technology platform for unattended commerce. It provides consumers with digital, cashless payments, and connected commerce experiences, enhancing consumer conversion and loyalty. Its platform addresses the entire unattended commerce value chain, including a payments infrastructure, a commerce software suite, a consumer engagement platform, and integrated POS devices. The company addresses a broad range of retail verticals, including all types of vending machines, coffee machines, unattended checkout counters, self-service kiosks, ticketing machines, car wash stations, gaming machines, amusement rides, laundromats, EV charging stations, and many more. | $49 | +16% | $1.8B | $1.9B | ||||
| Wangfujing Group is a publicly listed Chinese retail operator headquartered in Beijing. It operates department stores, shopping centres, outlets and other consumer retail formats across multiple Chinese regions. The group sells merchandise directly to consumers and also earns income from commercial-space leasing and services provided within its retail properties. Its physical store network gives it access to large volumes of consumer transactions and established relationships with brands and suppliers. Wangfujing contributed CNY 400 million for 5.56% of CCB Consumer Finance in 2023. Its participation gives the lender access to retail consumption scenarios that complement China Construction Bank's financial infrastructure and BSAM's municipal investment role. The investment was a strategic minority holding rather than an ordinary purchase of listed securities. | $1 | -28% | $1.6B | $1.9B | ||||
| Suning.com Co Ltd, formerly Suning Commerce Group Co Ltd, is a retail shop offering electronic appliances such as air-conditioners, refrigerators, washing machines, color TVs, audio-video products, small home appliances, communication products, computers and digital products. | $0 | -30% | $1.6B | $4.5B | ||||
| Lightspeed Commerce Inc provides an omni-channel commerce-enabling SaaS platform. Its software platform provides customers with the functionality it needs to engage with consumers, manage their operations, accept payments, and grow their businesses. The company sells its platform through a direct sales force in the United States, Canada, United Kingdom, Australia, and other countries. It derives a majority of its revenue from the United States. | $11 | -7% | $1.4B | $1.1B | ||||
| Infomart Corp is a Japan-based provider of business-to-business e-commerce software solutions. The firm's operations are organized in six segments: Application Service Provider (ASP) Ordering, which offers ordering systems and online document processing services; ASP Written Standards, which uploads written standards online; ASP Negotiation for groupware; ASP Ordering and Operation for food wholesale companies; Cloud Service, which offers a data delivery system for food wholesale companies; and Overseas, which offers solutions to overseas markets. | $5 | +123% | $1.3B | $1.2B | ||||
| Riskified Ltd offers an AI-powered e-commerce risk intelligence platform that identifies the individual behind each online interaction for legitimacy, helping merchants (its customers) eliminate risk and uncertainty from their business. The company's core product, the Chargeback Guarantee, automatically approves or declines online orders with performance levels that vary in accordance with its merchants' priorities. Additionally, it offers other products that mitigate similar e-commerce risks for those same merchants, including Policy Protect, Dispute Resolve, and Account Secure. Geographically, Riskified generates maximum revenue from the United States, and the rest from other regions of the Americas, Europe, the Middle East and Africa (EMEA), and the Asia-Pacific (APAC) region. | $9 | +82% | $1.2B | $958M | ||||
| NCR Voyix Corp is a company providing services of digital commerce solutions for retail, restaurant, and digital banking. The company operates in three reportable segments: Retail, Restaurants, and Digital Banking. The Retail segment provides software solutions for retailers of all sizes, enhancing operational efficiency and customer experience. The Restaurants segment offers end-to-end technology solutions for food service establishments, improving operational efficiency, and customer satisfaction, and reducing costs. The Digital Banking segment serves financial institutions with cloud-based software solutions for a fully integrated digital banking experience across channels. Revenue sources include software sales and service support within each segment. | $8 | -27% | $1.1B | $2.4B | ||||
| 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. | $24 | -48% | $1.1B | $1.5B | ||||
 | 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. | $0 | -19% | $783M | $1.4B | ||||
| Auction Technology Group PLC is a digital marketplace operator that powers the discovery and sale of curated secondary goods through trusted online platforms. The Group operates curated auction and list-price marketplaces and provides value-added services, including seller marketing, integrated payments, shipping solutions, cross-listing capabilities, white-label auction technology, and partner network services. Its operations are organised into two reportable segments: Arts & Antiques and Industrial & Commercial, across which it operates multiple specialist marketplaces. The majority of revenue is generated from the Arts & Antiques segment. Geographically, it serves the United Kingdom, Mexico, Germany, and the United States, with the majority of revenue generated from the United States. | $6 | +56% | $770M | $928M | ||||
| PAR Technology Corp is a foodservice technology company providing omnichannel cloud-based software and hardware solutions to the restaurant industry in three restaurant categories - quick service, fast casual, and table service - and the retail industry, including convenience and fuel retailers (C-Stores). The company's product and service offerings include point-of-sale, customer engagement and loyalty, digital ordering and delivery, operational intelligence, payment processing, hardware, and related technologies, solutions, and services. The company generates revenue from subscription service, Sale of Hardware products, and Professional Service. | $18 | -50% | $734M | $1.1B | ||||
 | VTEX is a Brazilian cloud commerce company that sells a software-as-a-service platform for enterprise retail and brand commerce, listed on the New York Stock Exchange under the ticker VTEX. The platform covers storefront and marketplace management, order management, and, since its acquisitions of Weni and Newtail, conversational customer service and retail media advertising. Its website reports more than 3,500 enterprise customers in 43 countries and more than USD 15 billion of gross merchandise value processed each year, with clients such as Sony, Whirlpool, Stanley Black & Decker and Colgate. Portuguese Wikipedia says the company was founded in Rio de Janeiro in 1999, is headquartered in Sao Paulo and began expanding into neighbouring Latin American markets in 2012 and into the United States and Europe in 2017. It raised USD 140 million in November 2019 and USD 225 million in September 2020, the latter at a USD 1.7 billion valuation. The founders and co-chief executives are Mariano Gomide de Faria and Geraldo Thomaz. | $4 | -10% | $698M | $519M | ||||
| ContextLogic Holdings Inc Formerly ContextLogic Inc is an online shopping store. The store provides personalized products, clothing products, accessories, gaming products and equipment, cosmetics, plastic products, mobile covers, and other products. Geographically, it derives majority of its revenue from Europe and also has a presence in North America; South America, and other countries. | $15 | +101% | $691M | $1.3B | ||||
| Rezolve AI PLC is an AI-powered solutions company that operates a digital commerce platform that integrates artificial intelligence to support product discovery, customer interaction, checkout, fulfillment, payments, and related services. Its platform is designed to manage multiple stages of the online commerce process within a single system. The company's flagship product, Brain Commerce, powered by its proprietary Large Language Model (LLM) brainpowa, transforms the online shopping experience. Brain Commerce uses a proprietary large language model to support online shopping functionality. Geographically, the company generates the maximum revenue from the United Kingdom and Europe. The company generates revenue from cloud-based software solutions and transaction-based services. | $2 | -63% | $654M | $792M | ||||
| Baida Group Co Ltd is a China-based company. Its business activities are divided into three divisions including a department store, hotel operation, and property service. The company operates a department store in Hangzhou. | $2 | +22% | $591M | $424M | ||||
| Huitongda Network Co Ltd is engaged in the sales of a comprehensive suite of merchandise in the PRC and the provision of intelligent business and marketing subscription services, offering merchant solutions and rendering other various related services. Its business lines are the Commerce business, which mainly includes direct sales and provision of marketplace service that enables merchants to sell their products to transacting users through the online platform, and the service business segment, which mainly represents the provision of intelligent business and marketing SaaS+ subscription service and a collection of merchant solutions. It generates a majority of its revenue from the Commerce business. | $1 | -48% | $499M | $33M | ||||
| Capillary Technologies India Ltd is a software product company offering artificial intelligence (AI)-based cloud-native Software-as-a-Service (SaaS) products and solutions. The company's product portfolio includes loyalty management platform (Loyalty+), connected engagement platform (Engage+), predictive analytics platform (Insights+), rewards management platform (Rewards+) and customer data platform. Geographically, the company has a presence in the United States, United Kingdom, United Arab Emirates and other Asian countries. It serves various industries including Airlines, Fuel Retail, Conglomerates, Hospitality, Retail, and Food & Beverage. The maximum revenue is derived in the form of Subscription Revenue from the United States of America. | $6 | -- | $444M | $433M | ||||
| Wirtualna Polska Holding SA is a holding company based in Poland. It operates across media, advertising, subscription-based services, and e-commerce. It owns and runs internet portals. The company operates a portfolio of specialised thematic services, as well as providing subscription-based services (including Audioteka, Pilot WP, and Poczta WP). Its three main operating segments are Travel, Advertising and Subscriptions, and Consumer Finance. The majority of revenue is derived from the Travel segment, which focuses on intermediation in the sale of domestic and international travel services. | $15 | -2% | $439M | $779M | ||||
 | ITAB Shop Concept AB is a Sweden-based company that develops, manufactures, and installs a full set of shop fitting concepts for retail chain stores. The company operates in numerous countries and has production facilities in Europe and China. Solutions provided by the company include customized shop concepts, shop checkout solutions, lighting systems, and others. These products and services focus on helping customers improve their shopping environment. The ITAB Shop Concept operates based on a project management function, providing all-inclusive solutions that cover the entire process. The company generates the majority of revenue from Europe. | $2 | -25% | $414M | $352M | ||||
| m-up holdings Inc is engaged in Content business, e-commerce business, electronic ticket business, other businesses. It is involved in the official fan site management; entertainment website management; management of music/video distribution site; e-book label management; production of digital contents; and application creation for smartphones. The company also engages in fan club Website operation; YouTube channel construction; and Website creation. | $6 | -12% | $387M | $301M | ||||
| Softcreate Holdings Corp is engaged in the provision of various e-commerce and integrated information technology (IT) solutions for its clients. The Group operates in the following reporting segments: EC Solutions Business and IT Solutions Business. Maximum revenue is derived from the EC Solutions Business, which delivers end-to-end e-commerce solutions, including the sale and customization of its ecbeing e-commerce platform, along with hosting services through its data center. This business also offers value-added services such as SEO optimization, digital marketing, and promotional support. The IT Solutions Business sells software products developed by the Group (such as X-point Cloud, AgileWorks, and L2Blocker), and also offers network construction services. | $14 | +1% | $352M | $275M | ||||
 | Turn Cloud Technology Service Inc is engaged in using retail technology to provide financial technology services, including financial applications, membership activities, integrated payments, and marketing platforms. Its products include Hoyabox, Olink, Tpos, Tshop, Business Intelligence, and Digital Marketing among others. | $11 | +86% | $302M | $320M | ||||
 | Cafe24 Corp is an e-commerce platform. The company does online business through e-commerce platforms. The services provided by the company include solutions for the shopping mall, advertising, marketing, and hosting infrastructure. | $12 | -51% | $298M | $169M | ||||
| Hancom Inc operates in the software industry in Korea. It develops a range of software applications from cloud based service, office software and web based software. Its office software consists of the word processor, table calculation spreadsheet application, and presentation program. It renders web based solutions through the mobile phone platform under names such as Thinkfree Office, Thinkfree Mobile, Thinkfree Online and Thinkfree Conversion Server. | $12 | -29% | $291M | $307M | ||||
| A2Z Cust2Mate Solutions Corp is engaged in creating shopping carts. With the help of a user-friendly smart algorithm, touch screen, and other technologies, the company streamlines the retail shopping experience by scanning purchased products and enabling in-cart payment so that customers can simply pick & go, and bypass long cashier checkout lines. | $6 | -17% | $272M | $227M | ||||
| BASE Inc is engaged in the operation and development of web service planning. The company offers online shop opening service, shopping app, Fundraising Service, Online Payment Service, E-commerce website building platform, and ID Payment Service / Payment App. | $2 | +12% | $269M | $132M | ||||
| Perfect Corp is engaged in the beauty and fashion tech revolution, providing omni-channel integrated solutions. The company runs a hybrid business model of direct consumer business (B2C business) and enterprise business (B2B business). For B2C businesses, the company offers six mobile apps under the "YouCam" suite, along with one online editing service tool, YouCam Online Editor, featuring AI and AR technologies. For B2B businesses, the company offers AI and AR-powered solutions tailored for the beauty and fashion industry. Geographically, the company has a presence in the United States, Americas-other, France, Japan, and Others. The company generates the majority of its revenue from the United States. | $2 | +3% | $203M | $41M | ||||
| Eagle Eye Solutions Group PLC is a software-as-a-service and artificial intelligence technology company. It provides digital platforms enabling retailers in the grocery, retail, travel, and hospitality sectors to engage customers through real-time marketing through the provision of its marketing technology software as a service solution. It has two operating divisions, namely, the Organic Eagle Eye business and the EagleAI business, with maximum revenue generated from the Organic division. It has operational footprints across the United Kingdom, France, the United States, Canada, Australia, North America, the Rest of Europe, and the Rest of Asia Pacific. The company generates the majority of its revenue from Subscription and transaction fees. | $6 | +60% | $181M | $160M | ||||
| GrocerIQ Holdings Inc. develops advanced artificial intelligence technologies for the grocery and retail industry through its subsidiary. Its next-generation platform uses data analytics, machine learning, and Physical AI to optimize inventory, pricing, and fulfillment in real time. By integrating FreshGrab’s AI-driven shopping experience into the Vezbi Super App, the company connects digital and physical shopping with virtual assistance, personalized recommendations, and seamless delivery. This Super App integration gives the company strategic access to a large, engaged user base and live behavioral data, enhancing its predictive models and strengthening its position in AI-powered grocery retail. | $2 | -84% | $140M | $140M | ||||
| AudioEye Inc is a software solution provider delivering immediate ADA and WCAG accessibility compliance at scale. Through patented technology, subject matter expertise and proprietary processes, it is eradicating all barriers to digital accessibility, helping creators get accessible and supporting them with ongoing advisory and automated upkeep. Trusted by the ADP, Tommy Hilfiger, A360 Media, Samsung, Landry’s and others. It helps everyone identify and resolve issues of accessibility and enhance user experiences, automating digital accessibility for the widest audiences. | $8 | -47% | $103M | $111M | ||||
| High Co is a France based company engaged in offering marketing solutions for various brands and stores worldwide. The company provides drive to store solutions to generate traffic and develop a preference for the brand and store; in-store solutions to boost sales at physical points of sale and online, and data analysis and management solutions to enhance understanding of shoppers and target actions with a focus on R.O.I. | $4 | -13% | $79M | - | ||||
 | Netbay PCL is a Thailand-based company engaged in the provision and development of computer software used in the transmission of information electronically. The company creates, designs, and develops a digital business technology platform and omnichannel connectivity gateway. It operates in two segments: The e-Business segment, which develops an e-Business product in the form of services (SaaS: Software As A Service), and the e-Service segment, which rendered an e-Business service for the Business segment to Government (B2G) transaction, and Business segment to Business segment (B2B) transaction. The company operates only in Thailand and generates the majority of its revenue from the e-Business segment. | $0 | -46% | $68M | $62M | ||||
 | Klevo Rewards Ltd, formelry My Rewards International Ltd engages in providing membership services and loyalty programs for corporate and retail clients. It derives revenue from Item sales, Membership fees, and Management fees. | $0 | -- | $65M | $62M | ||||
| ValueCommerce Co Ltd is engaged in provision of Marketing Solutions Business, EC Solutions Business, and Travel Tech Business. It provides marketing solution from customer attraction to retention to maximize commerce operators‘ performance, Gross Merchandise Value (GMV). | $3 | -35% | $62M | - | ||||
 | StrongPoint ASA is a retail technology company that provides solutions to make shops smarter, shopping experiences and online grocery shopping more efficient. It provides in-store cash management and payment solutions, electronic shelf labels, self-checkouts, task and labor management software, click and collect temperature-controlled grocery lockers, in-store and drive-thru grocery pickup solutions and grocery order picking solutions. | $1 | +2% | $46M | $57M | ||||
| Venhub Global Inc is engaged in designing and building autonomous Smart Stores that operate 24/7 without on-site staff. Each store combines robotic automation, real-time inventory tracking, and mobile-based checkout to provide secure, convenient retail access. | $0 | -- | $36M | $37M | ||||
| Dotz SA develops and manages a customer loyalty programme based on the consumption of goods and services provided by partners, as well as the monetization of redemption rights and premiums. | $3 | +73% | $34M | $47M | ||||
 | Intershop Communications AG is a provider of omnichannel commerce solutions. It offers packaged software for internet sales. The company also acts as a business process outsourcing provider. Its services include professional services, full-service e-commerce, and training. The business of the company operates through geographical segments that include Asia-Pacific, Europe, and the United States of America. Its Europe segment generates maximum revenue for the company. Intershop’s business activities are divided into the two main business segments Software and Cloud and Service. | $2 | +20% | $31M | $28M | ||||
| Shelfie-Tech Ltd is engaged in utilizing AI and robotics to enhance store management and streamline workflows. The company's robotic retail shelf monitoring system uses machine learning and image processing algorithms to automatically optimize inventory management and retail store shelf filling while ensuring an enhanced customer experience. | $1 | -6% | $29M | $28M | ||||
| NextPlat Corp is an e-commerce and healthcare company. Its e-commerce venues form an effective network serving thousands of consumers, enterprises, and governments. Its healthcare business is focused on improving the lives of patients with complex chronic diseases through patient and provider engagement and their partnerships with payors, pharmaceutical manufacturers, and distributors, offering a broad range of solutions to address the dispensing, delivery, dosing, and reimbursement of clinically intensive, high-cost drugs. The company operates in two segments: e-Commerce Operations involves acquiring and leasing an e-commerce platform; and Healthcare Operations provides TPA, data management, COVID-19 related diagnostics and vaccinations, prescription pharmaceuticals, and Others. | $9 | +0% | $25M | $14M | ||||
| The Platform Group is a Düsseldorf-based listed company that operates specialized online marketplaces and commerce platforms. The group works across numerous verticals, including furniture, luxury goods, machinery, automotive products, dental technology and consumer electronics. It combines marketplace software, sector-specific operating companies and centralized services to connect merchants with consumers and business buyers. The group expands through organic development and acquisitions of profitable niche platforms. Its companies handle marketplace transactions, online retail and related fulfillment or commercial services according to the needs of each vertical. The Platform Group reported €728 million of revenue and €55 million of adjusted EBITDA for 2025. | $1 | -90% | $22M | $175M | ||||
 | naoo AG is a social media platform that connects like-minded people who have similar interests with social recommendations. It connects the local community, shares experiences, and helps stay connected with loved ones. The group offers a shopping experience by connecting with local restaurants, gyms, grocery stores, and a variety of other businesses, and scan the Naoo QR code to earn points and enjoy exclusive rewards. | $4 | -42% | $22M | $22M | ||||
| Litium AB develops, sells and delivers products and cloud services that help companies accelerate sales and strengthen customer relationships online. The company provides a solution to industries such as B2B, retail and E-Tailer. Company includes digital e-commerce platform for brands aspiring to online excellence. It empower companies in both B2B and B2C to drive sales of products, deliver excellent customer experiences and scale rapidly to all channels and all markets. | $1 | -18% | $20M | $19M | ||||
 | Obase Bilgisayar ve Danismanlik Hizmetleri Ticaret AS is a software and consulting company. The company offers analytical solutions to manage inventory and supply chain processes, to get real-time insights, and data-driven management support services. It serves Retail, Telecom, Transportation & Logistics, Finance, Manufacturing, Government, and Pharmaceutical industries. | $0 | -53% | $20M | $23M | ||||
| T Scientific Co Ltd, formerly Omnitel Inc is a South Korean company operating in the internet content and information industry. The company is engaged in providing mobile coupon platform and solutions for mobile marketing. | $1 | -67% | $18M | $13M | ||||
 | Vincit PLC is engaged in providing software development services. The company offers digital transformation, design and development, digital platform services, data & AI capabilities, and extensive platform expertise in SAP ecosystem technologies, VincitEAM, and others. The firm operates in Finland, Poland, Portugal, Sweden, and the United States. | $1 | -35% | $17M | $15M | ||||
| Youxin Technology Ltd is a SaaS and PaaS provider committed to helping retail enterprises digitally transform their businesses to develop, use and control business applications without the need to purchase complex IT infrastructure. The company leverages the technologies used to develop its PaaS platform to standardize customized customer relationship management, or CRM, services to its clients that seamlessly connect all levels of the retail chain from management teams to customers. Its products give its retail clients a comprehensive view of their business operations in real-time on multiple interfaces, allowing them to make critical business decisions anytime and anywhere. Geographically operates in PRC, Hong Kong, and Cayman Island. | $1 | -91% | $16M | $13M | ||||
| Emova Group SAD is engaged in the retail business of flowers and related accessories. | $1 | +14% | $15M | $34M | ||||
| IC Group Holdings Inc is a marketing services technology company, powering consumer engagement and promotions for Fortune 500 Brands. It is delivering impactful digital promotions, loyalty, rebate, mobile messaging and speciality insurance solutions in world-wide jurisdictions. The Company delivers digital promotions and consumer engagement programs for customers in over 20 countries. Consumer Engagement solutions help Fortune 500 brand customers digitally engage consumers, capture valuable first-party data to fuel marketing initiatives, and ultimately help convert sales. IC Group does this through various communication channels such as mobile messaging, social media, web, email and other technology solutions. | $0 | +4% | $15M | $19M | ||||
 | ZeroQ is a Santiago-based IT firm specializing in mobile application development and big data analytics. It creates custom apps for e-commerce, logistics, and fintech sectors. | $19 | -6% | $13M | $14M | ||||
| CStore SA specializes in creating and selling proprietary software for automatically accepting online orders from wholesale customers. Its offered solution operates in the SaaS (Software as a Service) model, where the customers receive access to the full infrastructure - software, updates, server and technical support - as part of the subscription. The company generates revenue from three sources: Licenses and servers (SaaS); Service, customer service; and Dedicated projects. | $1 | -- | $13M | $13M | ||||
 | 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 | -62% | $9M | $7M | ||||
 | Loyal Solutions A/S is a software-as-a-service company. The company is engaged in the development and implementation of bespoke loyalty schemes that enhance customer retention and brand engagement. Their core business revolves around creating loyalty solution platforms that provide customer engagement programs across industries such as airlines, financial services, malls, hospitality, telecom, and media. LoyalTfacts is its proprietary SaaS end-to-end platform. | $1 | +213% | $9M | $8M | ||||
| Bridgeline Digital Inc is a AI-powered marketing technology company that offers a suite of products that help companies grow online revenue by driving more traffic to their websites, converting more visitors to purchasers, and increasing average order value. Company software is available through a cloud-based Software as a Service (SaaS) model. It helps to maximize the performance of critical websites, intranets, and online stores. The company generates revenue from digital engagement services, subscription, perpetual licenses, maintenance, and hosting. Geographically, it derives a majority of revenue from the United States. | $1 | -48% | $9M | $8M | ||||
| Dynamic Aerospace Systems Corp is a pioneering American-made aerospace company focused on cutting-edge technology, autonomous systems, and next-generation aerospace solutions. It aims to redefine the future of aerospace and aviation technologies. The group develops autonomous VTOL and UAV (drone) systems that enhance mission-critical logistics, delivery, sensing, and situational awareness for government and commercial customers across the U.S., Gulf States, and NATO regions. Its solutions include: US1-MKII, G1-MKIII, and Mitigator-MKII. The group provides solutions to Government & Defense and Commercial Delivery & Logistics. | $0 | -56% | $8M | $9M | ||||
| Infracommerce Caxaas SA is the largest full service company for digital businesses and works with the modular concept, bringing together platform, marketing, content, payment, logistics and SAC in three core competence cores: Omnichannel Platform, Marketing and Sales and Operations. | $0 | -86% | $8M | $100M | ||||
| Upsellon Brands Holdings Ltd provides technology services to Amazon sellers. The system developed by the company uses deep learning to scan and build markets from seed products and keywords. The algorithms evaluate products for relevance and monitor similar items, helping to predict the majority potentially profitable markets. | $0 | -- | $7M | $7M | ||||
| Intouch Insight Ltd offers a complete portfolio of customer experience management (CEM) products and solutions that help brands delight their customers, strengthen brand reputation and improve financial performance. Some of the company's products and services are Customer Experience Management Software, Mobile Forms Software, and many more. Geographically, the company generates a majority of its revenue from the United States followed by Canada and other regions. | $0 | -- | $5M | $6M | ||||
| AGS Transact Technologies Ltd is an integrated omni-channel payment solutions provider in India in terms of providing digital and cash-based solutions to banks and corporate clients. It provides customized products and services comprising ATM and Cash Recycler Machines outsourcing, cash management, and digital payment solutions including merchant solutions, transaction processing services, and mobile wallets. The company's operating segments include Payment Solutions, Banking Automation Solutions, and Other Automation Solutions. It generates the majority of its revenue from the Payment Solutions segment. | $0 | -51% | $3M | $3M | ||||
| Star8 Corp operates through its subsidiaries. It is a fully integrated coffee roaster that specializes in the sale and distribution of high-quality, freshly roasted coffee beans. Its products are sourced from all over the world, enabling the company to provide customers with a wide selection of coffees that are sure to suit all tastes. The company is passionate about coffee and takes pride in delivering the freshest and flavorful products available. | $0 | +54% | $3M | $53K | ||||
| Nuvini is a Brazilian holding company, listed on Nasdaq as NVNI through Nvni Group Limited, that acquires and operates business-to-business software companies in Latin America. It describes itself as the region's leading serial acquirer of B2B SaaS businesses and offers founders an exit path while they keep growing their companies inside the group. Its portfolio of seven companies includes Datahub, Effecti, Leadlovers, Ipe Digital, ONCLICK, Mercos and Munddi. The group is headquartered in Sao Paulo and was co-founded by Pierre Schurmann, who serves as chief executive and chairman. For fiscal 2024 it reported net revenue of BRL 193 million with an EBITDA margin of 26.4 percent. In April 2026 it agreed to buy a 51 percent controlling stake in the American business of Beyondsoft Corporation. | $0 | -98% | $736K | $10M | ||||
| Amaze Holdings Inc is a software company dedicated to empowering creators by providing comprehensive software solutions and services that facilitate e-commerce, social commerce, integrated commerce selling experiences, and the distribution of a premium wine brand. The group offers an end-to-end, creator-powered commerce platform offering tools for seamless product creation, modern e-commerce solutions, and scalable managed services. | $0 | -- | $281K | $4M | ||||
| Median | $3 | -19% | $302M | $301M | 1.6x | 7.2x |
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