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October 2026
Largest Vertical E-commerce Public Companies
Benchmark revenue and EBITDA valuation multiples for public comps like
Alibaba Group, Carvana, Shein, JD Health and Wayfair.
 | Alibaba Group is a Chinese technology company headquartered in Hangzhou, Zhejiang, founded on 28 June 1999 by Jack Ma and 17 friends and students as the business-to-business marketplace Alibaba.com. It operates China's largest consumer marketplaces, Taobao (consumer-to-consumer) and Tmall (business-to-consumer), the global B2B site Alibaba.com and domestic wholesale platform 1688, alongside international e-commerce, Alibaba Cloud, the Cainiao logistics network, local consumer services and digital media and entertainment businesses, reorganised in 2023 into six business groups. It earns revenue mainly from merchant advertising and commissions on its marketplaces, plus cloud computing, logistics and direct sales. Early backers included Goldman Sachs, SoftBank and Investor AB, which invested $25 million in October 1999. Its September 2014 New York Stock Exchange IPO raised $25 billion, then the largest in history, giving it a market value of $231 billion, and in January 2018 it became the second Asian company to pass a $500 billion valuation. Joseph Tsai became chairman and Eddie Wu chief executive in 2023. | $14 | -35% | $276B | $268B | 1.7x | 18.1x | ||
 | Carvana Co is an e-commerce platform for buying and selling used cars. The company derives revenue from used vehicle sales, wholesale vehicle sales and other sales and revenues. The other sales and revenues include sales of loans originated and sold in securitization transactions or to financing partners, commissions received on VSCs and sales of GAP waiver coverage. The foundation of the business is retail vehicle unit sales. This drives the majority of the revenue and allows the company to capture additional revenue streams associated with financing, VSCs, auto insurance and GAP waiver coverage, as well as trade-in vehicles. | $59 | -4% | $65B | $68B | 3.4x | (621.3x) | ||
| 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 | -- | $20B | $6.6B | 0.2x | 2.8x | ||
| JD Health is the largest healthcare e-commerce platform in China in terms of revenue. The company offers pharmaceutical drugs and healthcare products on its platform, both as a marketplace that connects merchants to consumers and as a first-party, or 1P, direct retailer. It also offers online consultation from real life doctors and separately partners with offline pharmacies that can provide location-based 24/7 delivery as part of an omnichannel initiative to complement its core e-commerce business. Its closest competitors are Alibaba Health and Meituan for its e-commerce business. As of Dec. 31, 2024, the platform has over 200 million active annual users and over 70,000 merchants. JD Health is 67.49% owned by its parent company, JD.com. | $5 | -37% | $16B | $8.5B | 0.8x | 11.9x | ||
| Wayfair engages in e-commerce in the United States (88% of 2025 sales), Canada, the United Kingdom, and Ireland. It's also embarked on expansion into the brick-and-mortar landscape, with 12 stores (excluding outlets) between the AllModern, Birch Lane, Joss & Main, and Wayfair banners. At the end of 2025, the firm offered more than 40 million products from more than 20,000 suppliers under the brands Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold. Its offerings include furniture, everyday and seasonal decor, decorative accents, housewares, as well as advertising and logistics services. Wayfair was founded in 2002 and began trading publicly in 2014. | $107 | +4% | $15B | $17B | 1.4x | 141.9x | ||
 | Lenskart Solutions Ltd is a technology-driven eyewear company, with a belief that clear vision is fundamental to personal development and well-being. It sells a range of eyewear products including prescription eyeglasses, sunglasses, and other products such as contact lenses and eyewear accessories. | $7 | -- | $12B | $12B | 12.7x | 61.6x | ||
| Founded in 2011, Chewy is a leading e-commerce retailer of pet food, toys, supplies, and medications in North America. The firm offers a comprehensive selection of proprietary and third-party brands, anchored by its highly sticky autoship subscription program, which drives over 83% of its sales. Beyond core retail, Chewy is expanding into high-margin revenue streams, including its retail media network (Chewy Ads), specialized veterinary healthcare software, and brick-and-mortar veterinary clinics to further integrate customers into the Chewy ecosystem. | Pet Care+2 | $21 | -38% | $8.4B | $8.9B | 0.7x | 23.7x | |
 | 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). | $28 | +1% | $6.9B | $6.8B | 0.5x | 8.9x | ||
 | 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. | $8 | -11% | $6.7B | $6.5B | 4.5x | 13.6x | ||
| Alibaba Health is of one of China's leading e-commerce platform specializing in healthcare-related products, including prescription drugs, OTC drugs, traditional Chinese medicine, health foods, and so on. The company operates both a third-party B2C service, or 3P, and its own direct-to-consumer business, or 1P, with its own inventory, which can both be accessed by Alibaba’s Tmall app and Alipay. The company also provides online consultation services in a separate app called Yilu or “Dr. Deer,” although its e-commerce businesses remain its core competency in the long-term. E-commerce accounted for 93% of revenue in fiscal year 2022. We estimate that AliHealth holds about 45% of market share in the industry in terms of GMV. AliHealth is 63.74% owned by its parent company, Alibaba Group. | $0 | -49% | $6.2B | $4.7B | 0.9x | 16.9x | ||
| 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 | -27% | $6.1B | $3.5B | 0.2x | 2.3x | ||
| Openlane Inc provides a digital marketplace for used vehicles, connecting sellers and buyers in North America and Europe for fast and transparent transactions. Its services include financing, repossessions, repairs, transportation, warranty, and inventory management. The company operates used-vehicle auctions and has two main segments: Marketplace and Finance, with majority revenue coming from the Marketplace segment, which to used vehicle remarketing, including marketplace services, remarketing, or make ready services and all are interrelated, synergistic elements along the auto remarketing chain. The Finance segment, through AFC engaged in business of providing short-term, inventory-secured financing to independent vehicle dealers. | $37 | +40% | $4.5B | $4.9B | 2.5x | 16.3x | ||
 | Founded in 2000, Ocado provides automation and logistics solutions to grocers. Ocado operates in two segments: logistics and solutions. Logistics provides fulfillment and delivery services in the United Kingdom. Solutions is based on the Ocado Smart Platform, a modular, automated online retail fulfillment and delivery solution that provides software, fulfillment hardware, and support services to corporate customers in return for upfront and recurring fees. Partners include leading grocers around the world, like Sobeys, Morrisons, ICA, Groupe Casino, Bon Preu, Kroger, and Coles. Ocado also has a 50% stake in Ocado Retail, a pure-play e-grocery business. The other 50% is owned by Marks & Spencer. | $4 | +34% | $3.2B | $4.5B | 2.5x | 33.8x | ||
| Inchcape PLC is engaged in the automotive distribution business, focusing on the sale and distribution of new and used vehicles along with after-sales services. The group has three reportable segments: APAC, Europe & Africa, and Americas. It is involved in the exclusive distribution, sales, and marketing of new vehicles and parts, as well as logistics services and aftersales activities, including servicing, body shop repairs, and parts sales across its operating regions. | $9 | -9% | $3.1B | $4.1B | 0.3x | 4.8x | ||
| Beijing United Information Technology Co Ltd operates business to business e-commerce platform. The company provides online commodity trading, commercial information services, and Internet technology for industrial products and raw materials for related industries. It also provides online commodity trading services for upstream and downstream industries such as coating chemicals, sanitary products, and glass, including self-operated e-commerce, third-party e-commerce, and SaaS services. | $3 | -33% | $1.9B | $1.9B | 0.2x | 5.1x | ||
 | 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. | $24 | -42% | $1.8B | $2.9B | ||||
| ACV Auctions Inc operates a mobile platform for wholesale car auctions. It provides a digital marketplace for wholesale vehicle transactions and data services that offer transparent and accurate vehicle information for customers. Additionally, the company's marketplace platform is supported by remarketing centers in various locations throughout the United States. | $11 | +16% | $1.8B | $1.7B | ||||
| 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. | $23 | +3% | $1.6B | $1.3B | ||||
| Syoung Group Co Ltd is an e-commerce company. It owns multiple independent skincare brands such as Yunifang, Xiaomazu, Dadihui, and Huayaohua. | $3 | +1% | $1.3B | $1.4B | ||||
| Moonpig Group PLC operates in the gifting market. It has three operating segments Moonpig, the online greeting cards and gifts business operating in the UK, Ireland, Australia and the United States; Greetz, the online greeting cards and gifts business in the Netherlands; and Experiences, the gift experiences platform in the UK. The company generates majority of revenue from Moonpig. the company has presence in UK, Netherlands, Ireland, Australia, and USA. Th company generates majority of revenue from United Kingdom. | $4 | +40% | $1.2B | $1.3B | ||||
| GoodRx Holdings Inc is a consumer-focused digital healthcare platform that aims to lower the cost of healthcare in the United States. It operates a price comparison platform that provides consumers with curated, geographically relevant prescription pricing, and provides access to negotiated prices through codes that can be used to save money on prescriptions across the United States. GoodRx generates revenue from core business from pharmacy benefit managers (PBMs) that manage formularies and prescription transactions including establishing pricing between consumers and pharmacies. It also offers various healthcare products and services, including pharma manufacturer solutions, subscriptions, and telehealth services. | $3 | +7% | $1.1B | $1.4B | ||||
| Gold.com Inc is an integrated alternative assets platform that offers an extensive range of precious metals, numismatic coins, and collectibles to consumers, collectors, and institutional clients of various countries. | $39 | +48% | $1.1B | $723M | ||||
| Tuhu Car Inc operates an integrated online and offline platform for automotive services in China. Through its flagship TUHU Automotive Service app and other online interfaces, the company streamlines diverse car service needs, delivering a digital and on-demand experience. Its offline network includes self-operated Tuhu workshops, franchised Tuhu workshops, and third-party partner stores. The company serves the majority of passenger vehicle models, offering products and services such as tires and chassis parts, auto maintenance, repair, car detailing, auto accessories, and related installation services. It also provides advertising, franchise, and SaaS solutions to participants on its platform. All operations are conducted within the People's Republic of China. | $1 | -36% | $1.1B | $495M | ||||
 | DocMorris AG is engaged in the fields of online pharmacy, marketplace, and professional healthcare with brands in Germany and other European countries. Its brands are DocMorris, PromoFarma by DocMorris, and TeleClinic. The Group's reportable segments are Germany and Europe. The Germany segment comprises the mail-order business in drugs and health products, as well as services for mail-order pharmacies. The Europe segment comprises the marketplace business of PromoFarma and Doctipharma. The majority of revenue is generated from Germany segment. | $19 | +174% | $961M | $1.2B | ||||
 | Apotea AB (publ) is engaged in the online pharmacy with fast deliveries, good prices and a large selection. Its vision is to be tomorrow's pharmacy by constantly facilitating and simplifying for the customer. | $9 | +4% | $949M | $968M | ||||
| 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. | $16 | +46% | $926M | $991M | ||||
| Brainbees Solutions Ltd is engaged in the business of buying, selling, advertising, and promoting baby and kids products and Fast Moving Consumer Goods (FMCG) goods on a wholesale basis through various business partners. It also runs the pre-school business for kids through various franchisee partners in India. | $2 | -52% | $914M | $989M | ||||
| CEWE Stiftung & Co KGaA is a German-based company which provides photo service, photo retail business, and commercial online printing. The company operates a business through three segments through photofinishing, retail, and commercial online printing. Its Photofinishing segment works on the printing of photos of analogue or digital origin. Retail unit trades photo hardware and photo products to end consumers using various brands such as Fotojoker, Fotolab and Japan Photo, among others. The Online Printing unit operates through online printing portals, such as www.cewe-print.de and others. The company derives it's majority of the revenue from photofinishing activity in Germany. | Printing+3 | $126 | +10% | $851M | $865M | |||
| 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 | -23% | $748M | $1.4B | ||||
| 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 | +84% | $737M | $1.4B | ||||
 | We Buy Cars Holding Ltd is an automotive retailer focused on buying, reconditioning, and retail sales through both physical supermarkets and its digital platforms. The company's two reportable segments are: i) Buyer, distributor and retailer of pre-owned motor vehicles with the attendant sale of finance and insurance products and other ancillary products. ii) Property rental: Rental of warehouses to group companies. The majority of the company's revenue is derived from the Buyer, distributor and retailer of pre-owned motor vehicles segment. | $2 | -38% | $693M | $828M | ||||
| AO World PLC is a European retailer that specializes in electrical products. The company's primary markets include essential domestic appliances, small domestic appliances, and audiovisual equipment. Within the domestic appliances category, AO collaborates with suppliers such as Fisher & Paykel, Daewoo, and Amica. The small domestic appliances segment encompasses a variety of appliances including food preparation appliances, kitchen appliances, and floorcare devices. Additionally, the company offers ancillary services to customers in the UK. AO's main geographical markets are the UK, Germany, and the Netherlands. | $1 | -12% | $686M | $664M | ||||
 | Almeera Consumer Goods Company Q.S.C is a Qatar-based company operating in the retail industry. The company and its subsidiaries are involved in wholesale and retail trading of consumer goods commodities, owning and managing consumer outlets, and trading in foodstuff and consumer goods. The three operating segments of the company include the Retail segment is a key revenue driver, that comprises the buying and selling of consumer goods, the Investment segment, which comprises equity and funds held as available-for-sale investments and fixed deposits and the Leasing segment, which comprise mainly of renting shops in various malls owned by the group. The company operates in Qatar and Oman. | $3 | -18% | $676M | $864M | ||||
 | Betterware de Mexico SAPI de CV is a direct-to-consumer selling company. The company operates through two business segments: the home organization products (Betterware segment or BWM segment) and the beauty and personal care products (B and PC) (JAFRA segment). The Betterware’s segment is divided in seven categories of the home organization: Kitchen and food preservation, Home solutions, Bedroom, Bathroom, Laundry & Cleaning, Tech & mobility and wellness. The JAFRA’s segment is divided into four categories beauty and personal care: fragrance, color (cosmetics), skin care and toiletries. The company generates a majority of its revenue from the Beauty and personal care (B&PC) (JAFRA segment). Geographically, key revenue for the company is derived from Mexico. | $16 | +11% | $600M | $1B | ||||
| Cars.com Inc is an online destination for buying and selling new and used vehicles. It is an audience-driven technology company empowering the automotive industry. The company brands include Dealer Inspire, DealerRater, FUEL, Accu-Trade, PickupTrucks.com, CreditIQ, and NewCars.com., websites directed towards different consumer segments. | $10 | -7% | $547M | $960M | ||||
| Shanghai Lily & Beauty Cosmetics Co Ltd is a provider of online cosmetics marketing and retailing services in China. The company is authorized by and cooperating with the international cosmetics groups, such as Kanebo, AmorePacific, Henkel, has obtained the authorization of more than 50 renowned brands including Erno Laszlo, Whoo, Sulwhasoo, Laneige and Schwarzkopf to sell their products in China, as a reliable partner. | $1 | -1% | $537M | $372M | ||||
| Haypp Group AB is engaged in the business of selling nicotine pouches and snus online in eight countries across Europe and in the United states. The company has operating segments namely, Core, Growth, Emerging, and Parent/Other. Core, which derives maximum revenue consists of the main markets, Sweden and Norway. Growth consists of the emerging markets which are USA, UK, Germany, Austria and Switzerland. Emerging consists of sales of oral nicotine products as well as marketing space and marketing research regarding vape category in Sweden and Germany. | $16 | +0% | $510M | $532M | ||||
| HelloFresh SE provides fresh, healthy, and personalized meal solutions. The company operates an internet platform that provides customers the choice between various kinds of meals and recipes to be delivered on selected weekdays. It operates in two geographical regions: International and USA. The international segment comprises operations in the United Kingdom, The Netherlands, Belgium, Luxembourg, Denmark, Ireland, Italy, Japan, France, New Zealand, Norway, Spain, Sweden, Australia, Germany, Austria, Canada, and Switzerland. The USA segment comprises operations in the United States of America. | $3 | -59% | $485M | $395M | ||||
| Dingdong (Cayman) Ltd is the fastest growing on-demand e-commerce company in China. The company directly provides users and households with fresh produce, meat and seafood, and other daily necessities through a convenient shopping experience supported by an extensive self-operated frontline fulfillment grid. It recognizes revenues from product sales of fresh groceries and other daily necessities through Dingdong Fresh APP and mini-programs and membership services. | $2 | +15% | $464M | $228M | ||||
| Victorian Plumbing Group PLC is an online retailer of bathroom products and accessories, offering a one-stop-shop solution for the entire bathroom. It offers a wide varities of products to business to customer and trade customers, with more than 125 brands across a wide spectrum of price points and it also design and develops exclusive new products in-house. | $1 | +16% | $382M | $424M | ||||
| Oisix ra daichi Inc is engaged in online and catalog sales of organic vegetables, specially cultivated agricultural products, additive-free processed foods, and other food products and ingredients. | $10 | -3% | $363M | $485M | ||||
| BHG Group AB is a consumer e-commerce company in the Nordics and is also present in the rest of Europe, as well as in selected markets outside of Europe. It provides Home improvement space, meaning Do-It-Yourself and Home furnishings. The company's operating segments are; Home Improvement which comprises brands targeted at Nordic DIY customers, such as Bygghemma, Taloon, Golvpoolen, Nordiska Fonster, Outlet1, Hafa, and Hylte Jakt & Tradgard; the Value Home segment which comprises brands with assortments for the home targeted at price-conscious European customers, such as Trademax, Chilli, Furniture 1 and Furniturebox, and the Premium Living segment which comprises brands with assortments of premium products within the Scandinavian design. | $2 | -35% | $355M | $534M | ||||
 | Aramis Group SA is engaged in the online sales of B2C used cars to private individuals in France, Belgium, Spain, United Kingdom, Austria and Italy. The principal business segments of the company are online vehicle distribution and the development of automotive services. Group offers its customers products and services that are complementary and related to its core business of selling vehicles, including financing, insurance, maintenance and vehicle accessories. The company comprises of six brands: Aramisauto, Cardoen, Clicars, Car Supermarket, Brumbrum and Onlinecars. The group operates in France, Belgium, Spain, UK, Austria, Italy, etc, with maximum revenue from France. | $4 | -46% | $321M | $469M | ||||
| Oponeo pl SA sells tires and wheels through the internet and stores. The company's activity is based on their own IT solutions, which include, inter alia, a centralized system of ControlCenter. | $28 | +5% | $312M | $350M | ||||
 | Nice One Beauty Digital Marketing Co operates as a online stores engaged in sale of beauty and personal care products. The company offers beauty and body care products, contact lenses, perfumes, skin and hair care products, as well as supplements. The Company's main activities are as Wholesale of textiles, clothing and footwear. Non-specialized wholesale trade. | $3 | -61% | $299M | $291M | ||||
| YSB Inc is a digital pharmaceutical platform serving businesses outside of hospitals in China. The Group mainly engaged in i) wholesales of pharmaceutical and healthcare products offline or online through its online platform; ii) retail of pharmaceutical and healthcare products through its retail shops; iii) operating online platform that enable the pharmaceutical distributors and vendors to sell their own pharmaceutical and healthcare products using the Group’s online platform; iv) providing SaaS solution to downstream pharmacies to streamline their inventory management; and v) providing medical testing services to primary healthcare institutions. The Group principally operates in the PRC and generates the majority of its revenues from the PRC. | $0 | -63% | $297M | $74M | ||||
 | Terminal X Online Ltd is engaged in the import, marketing, and online sale of fashion items and lifestyles. | $2 | +18% | $290M | $323M | ||||
| istyle Inc is engaged in the operation of cosmetics portal Website under the name @cosme. The company operates its business through Media, Electronic Commerce and Store segment. The Media segment involves in the provision of various services including Internet advertising services, such as response advertisings, branding advertisings and affiliate advertisings. The Electronic Commerce segment is engaged in the purchase and sale of cosmetics, quasi drugs, health foods through operating cosmetics online shopping site and the Store segment is involves in the plan and development of cosmetics retail business categories, and the operation of cosmetics retail stores. | $3 | +1% | $286M | $261M | ||||
| Newegg Commerce Inc is an e-commerce company offering direct sales and an online marketplace platform for IT computer components, consumer electronics, entertainment, smart home, and gaming products, and provides certain third-party logistics services globally. Geographically, it operates in the United States, Canada, and the Rest of the world. | $11 | -87% | $229M | $199M | ||||
| Uxin is a Chinese used-car commerce business that operates transaction platforms and associated services for vehicle buyers and dealers. The group developed a business-to-business auction operation beginning in 2011 and expanded into consumer-facing used-car services in 2015. Its platforms connect sellers and purchasers, provide vehicle information and support the process of completing used-car transactions. The business earns transaction commissions and service fees and has also facilitated vehicle financing through third-party funding partners. Its operations and principal customer base are in China, while its listed holding company is incorporated in the Cayman Islands. Alongside its main used-car businesses, Uxin developed salvage-car auctions through Fairlubo, serving insurers, repair businesses and dealers. Those auctions use separate facilities and an online platform. The group acquired equity in Fairlubo in April 2015 through its subsidiary Perfect Harmony Group. KKR participated in Uxin’s 2015 financing before that acquisition. | $1 | -60% | $222M | $541M | ||||
| Giftee Inc is a Japanese based company involved in the internet service business. Its operates as a online service provider which enables users to easily send eGift via e-mail or LINE along with the feelings of thank you, congratulations and good work. | $7 | +1% | $202M | $188M | ||||
 | Verkkokauppa.com Oyj is a retail store in Finland that operates mainly online. It offers thousands of products under various categories such as computer technology, consumer electronics, toys, games, navigation products, and others. The group sells its products to suppliers through retail stores, the webstore, and other media. The revenue streams of the company consist of the sale of goods and services. The sale of services rendered by the company includes installation and maintenance services, subscription sales, and visibility sales. The total revenue of the Group is mainly generated in one geographical area, Finland. | $4 | -4% | $194M | $207M | ||||
| 1-800-Flowers.com Inc is a provider of gifts designed to help customers express, connect, and celebrate. The company's e-commerce business platform features all brands, including 1-800-Flowers.com, 1-800-Baskets.com, Cheryl's Cookies, Harry and David, PersonalizationMall.com, Shari's Berries, FruitBouquets.com, Moose Munch, The Popcorn Factory, Wolferman's Bakery, Stock Yards, and Simply Chocolate. The company's business segments are; Consumer Floral and Gifts, BloomNet, and Gourmet Foods & Gift Baskets. The maximum revenue for the company is generated from its Gourmet Foods & Gift Baskets segment. | $3 | -24% | $177M | $414M | ||||
| Studds Accessories Ltd is engaged in the manufacturing and sale of helmets and two-wheeler accessories. It markets helmets under the Studds and SMK brands, while accessories such as luggage, gloves, helmet locks, rain suits, riding jackets, and eyewear are marketed under the Studds brand. Its key export markets include the Americas, Asia, Europe, and the rest of the world. The company generates the majority of its revenue from two-wheeler helmets within India. | $4 | -- | $169M | $161M | ||||
 | YesAsia Holdings Ltd is an investment holding company principally engaged in the procurement and sale of fashion, lifestyle, and beauty products. The company operates its business through two segments: Fashion and Lifestyle and Beauty Products segment which is engaged in the sale of fashion, lifestyle, and beauty products on YesStyle and AsianBeautyWholesale platforms, and the Entertainment Products segment is engaged in the sale of entertainment products on YesAsia platform and through offline business to business (B2B) sales channel. The company mainly sells the products through online platforms, complemented by a portion of sales of entertainment products through offline B2B sales channels. | $0 | -38% | $168M | $185M | ||||
| Vente Unique.Com is engaged in the online sale of furniture, decorative items and other home equipment. The products offered by the group includes furnishing products such as sofas, chairs, tables, bookcases, sideboards, beds, wardrobes, dressers and others. In addition it also offers furniture for bathrooms and kitchens, household appliance products, lighting, carpets, decorative items, textiles products and others. Geographically, the business presence of the firm are seen mostly in France and Europe regions. | $16 | -10% | $158M | $156M | ||||
| Fangzhou Inc is a online chronic disease management platform in China. It has focus on chronic disease management to address the needs of patients with chronic diseases, such as hypertension, cardiovascular and respiratory chronic diseases. The company provide comprehensive medical services and online retail pharmacy services through Jianke Platform. The principal segment of the group are online retail pharmacy services, comprehensive medical services, Wholesale and customized content and marketing solutions. Key revenue is generated from Online retail pharmacy services. | $0 | -77% | $145M | $86M | ||||
| RugVista Group AB is a direct-to-consumer online platform for carpet and rug sales through its online stores. The company offers a broad and relevant range of quality, design, and traditional carpets and rugs. The Group's net sales are divided into the regions DACH, Nordic and Other countries. | $7 | -18% | $141M | $139M | ||||
| Autoserver Co Ltd is engaged in used car auction agency service and brokerage service for used car dealers on the website. The used car distribution platform ASNET operated by the company is a used car distribution web service that can be used by used car dealers and automobile-related businesses with no membership fee or monthly membership fee. | $19 | +12% | $135M | $58M | ||||
| Medifast Inc is a old health and wellness company known for its habit-based and coach-guided lifestyle solution OPTAVIA, which provides people with a simple, yet comprehensive approach to address obesity and support a healthy life. The company provides unparalleled coaching support along with community, tailored nutrition and healthy habits, and empowers people to master their weight loss journey through each stage of life. The company has access to GLP-1 medications where clinically appropriate. The company is focused on offering talent to Lifelong Transformation, Making a Healthy Lifestyle Second Nature. | $12 | -1% | $133M | - | ||||
 | Komplett ASA is an online retailer of electronic products in Scandinavia, offering one of the market's broadest selections of consumer electronics and business solutions. The business solutions include sales to public and private enterprises, large and small, as well as wholesales to retailers. The business operates in three reporting segments; Business-to-consumer (B2C), Business-to-business (B2B), and Distribution. The company earns a majority of its revenue from the Business-to-consumer segment. Geographically, it operates in Norway, Sweden, and Denmark, out of which it derives a majority of its revenue from Sweden. | $1 | -43% | $129M | $254M | ||||
| Cango Inc is a Bitcoin mining company with a vision to establish an integrated, world-wide infrastructure platform capable of powering the future digital economy. The Company's mining operations span over 40 sites across North America, the Middle East, South America, and East Africa. Since entering the digital asset space in November 2024, Cango has activated pilot projects in both integrated energy solutions and distributed AI computing. In parallel, Cango continues to operate an online international used car export business through its subsidiary. | $3 | +53% | $126M | $167M | ||||
| Daiichi Co Ltd is engaged in the business of food supermarket, real estate and rental business. | $10 | 0% | $117M | $61M | ||||
| 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. | $1 | +42% | $115M | $59M | ||||
| Xplora Technologies AS is engaged in the retail sale of smart devices and wearable technology. The company focuses on developing and offering wearable smart devices, mobile phones and smartphones, connectivity and value-added services across two segments: Kids and Youth; and Seniors. The company offers kids watches, senior watches, watch straps, speakers, chargers, and other related accessories. The company's main revenue drivers are Sales of devices, such as connected smartwatches, feature phones and smartphones, and from sale of subscriptions and value-added services. Geographically, it derives a majority of its revenue from Germany, followed by Sweden, United Kingdom, Norway, Spain, and other countries. | $2 | -46% | $115M | $166M | ||||
| Jade Group Inc is a Japan-based company mainly engaged in the electronic commerce (EC) business. It operates a mail-order site for selling shoes and fashion products. It offers women's and men's shoes, bags, and apparel. It also manages platforms for information technology and logistics infrastructure. | $11 | +3% | $113M | $101M | ||||
| 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. | $10 | -20% | $112M | $308M | ||||
| 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 | -30% | $106M | $175M | ||||
| Dormy Corp AB (publ) operates as a golf equipment retailer, selling golf equipment, clothing, and accessories through physical stores in Sweden and an e-commerce platform serving customers across European markets. Its product range includes products from external brands as well as its own brands, including Dormy, Open, and Bogeys & Birdies. | $7 | -- | $106M | $137M | ||||
| Vega Corp Co Ltd operates EC platform focused on lifestyle furniture, interior products, and sundries. The company sells furniture and interior products. It is engaged in the provision of Internet mail-order businesses of furniture and interior, and operation of a international e-commerce (EC) site targeted for cross-border market. The E-commerce platform is engaged in purchasing and sale of sofas, chairs and beds. | $9 | -7% | $101M | $85M | ||||
| Autostreets Development Ltd is engaged in used vehicle transaction service provider. The company connects used vehicle buyers and sellers through its transaction platform in two auction formats, namely online-offline integrated auction and online auction. The company generates all of its revenues from PRC China. | $0 | -77% | $97M | $114M | ||||
 | Meb Corp PCL is engaged in the distribution and servicing of e-books, as well as providing consultation on the development of e-book systems. The company also distributes electronic reader devices, conducts computer system inspections, offers consulting and advice on IT-related issues, and provides knowledge on information technology security. The company operates in a single segment: electronic literature services, and is managed and operates in Thailand. | $0 | -38% | $96M | $58M | ||||
 | Aromatica Co Ltd is a company engaged in manufacturing cosmetics using safe and effective ingredients based on the fragrance and efficacy of essential oils. It provides skincare, hair, body, and home care products. | $7 | -- | $91M | $77M | ||||
| Nelly Group AB is active in the retail industry. The company offers a wide range of fashion and accessories to mainly young women in the Nordic region. At the core is the own brand Nelly, which is marketed and sold in combination with a well-composed portfolio of external brands. Nelly sells directly to its target group via digital channels, mainly Nelly.com. Geographically, the company generates a majority of its revenue from Sweden, and the rest from Other Nordic regions, and the Rest of the world. | $3 | -70% | $89M | $85M | ||||
| Mandarake Inc is a Japan-based company engaged in the purchase and sale of Japanese cartoon-related secondhand books, goods, and animation-related products. It provides mail-order sale of comics, magazines, DVDs, games, and costume along with an auction of books, toys, celluloid pictures, animations, and acting scripts. | $3 | +8% | $86M | $114M | ||||
| Kurashicom Inc provides various content, such as products, articles, and videos, to its users through the Hokuo Kurashi no Doguten platform. The platform offers services in different areas, such as D2C (direct-to-customer) services allowing users to buy apparel, kitchenware, interior goods, and other products; Brand Solutions services providing marketing solutions to businesses, mainly those of domestic national brands; and Content publishing services. Maximum revenue for the company is generated from its D2C business. The company, along with its subsidiaries, operates in two segments: Hokuo Kurashi no Doguten and the foufou segment. | $11 | -18% | $83M | $49M | ||||
 | 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 | -3% | $72M | $50M | ||||
| Pierce Group AB is an e-commerce company. It sells motorcycle and snowmobile gear, parts, accessories, and streetwear to passionate customers through online stores such as 24MX, XLMOTO, and Sledstore. It has a local online presence in European markets. It has two larger segments, the Offroad segment, which includes sales to motocross and enduro riders; and the Onroad segment, which includes sales to high-road riders. In addition, the company has a smaller segment, Other, which focuses on snowmobile riders in the Nordics. A majority of its revenue is generated from the Offroad segment. Geographically, the company generates maximum revenue from Outside Nordics, which mainly refers to markets like Germany, France, Italy, and the United Kingdom, followed by Sweden and Other Nordic regions. | $1 | -37% | $70M | $48M | ||||
| BARK Inc is a vertically integrated, omnichannel brand serving dogs across two key categories: toys & accessories and consumables. It serves dogs nationwide with monthly subscription services, BarkBox and Super Chewer; e-commerce experience on BarkShop.com; custom collections via its retail partner network, including Target and Amazon; wellness products that meet dogs' needs with BARK Bright; and a personalized meal delivery service for dogs BARK Eats. The company's reportable segments are; Direct to Consumer (D2C), and Commerce. The majority of its revenue is generated from the Direct to Consumer segment which derives revenue from the sale of toys & accessories and consumables through BarkBox, Super Chewer, and the company’s consumables website. | $8 | -57% | $70M | $90M | ||||
 | MARX Biotech Co Ltd is a retail company which has developed an O2O and OMO full-channel layout in the online Internet platform and cosmeceutical retail market, and has successfully established itself in the market and Build trust and operational growth on the channel side. It has has established more than three thousand large and small cosmeceutical pharmacies in Taiwan, including: Dashu Pharmacy, Dingding Pharmacy, Cosmed, Watsons, Spring Pharmacy, New Gaoqiao Pharmacy, Anlier Pharmacies, etc. | $0 | -3% | $69M | $73M | ||||
| Autozi Internet Technology (Global) Ltd provides high-quality, affordable, and professional one-stop automotive products and services through online and offline channels in China. Leveraging its online supply chain cloud platform, SaaS platforms, and the network of MBS stores, it has established an ecosystem of lifecycle automotive services by connecting automotive manufacturers, auto parts manufacturers, and insurance companies with MBS stores and various automotive owners. Its business segments include new car sales, auto parts and auto accessories sales, and automotive insurance-related services. The majority of revenue is from the auto parts & auto accessories sales. | $1 | -97% | $68M | $102M | ||||
| Marks Electrical Group PLC sells, delivers, installs, and recycles a wide range of household electrical products. The company offers product categories, which include Cooking, Refrigeration, Washers & Dryers, Dishwashers and Audio-Visual. These products are sourced from UK distributors of the brands, with whom the group maintains direct relationships. | $1 | 0% | $68M | $64M | ||||
| Gear4music (Holdings) PLC, a holding company operates as an online retailer of musical instruments and equipment. Geographically, it derives majority of its revenue from the United Kingdom and has a presence in Europe and the Rest of the World. It generates revenue by-products such as Own-brand products, Other-brand products, Warranty income and Other. The company has developed its e-commerce platform, with multilingual, multicurrency and responsive design Websites. | $3 | -17% | $67M | $83M | ||||
| Hour Loop Inc is a technology-enabled consumer products company that uses machine learning and data analytics to design, develop, market, and sell products. Hour Loop predominantly operates through online retail channels such as Amazon, Walmart, and Hourloop.com. The Company, as an Internet marketplace seller, sells products in multiple categories, including home/garden decor, toys, kitchenware, apparel, and electronics. It has only one segment, which is online retail (e-commerce). | $2 | -12% | $62M | $62M | ||||
 | Carma Ltd is an online retailer of quality used cars in Australia. It offers an online platform that makes it easy to view a huge range of quality cars, compare them like-for-like, and pick and reserve a car online. The company offer fair pricing with no haggling, finance arrangements or cash payments, free delivery within Greater Sydney, and a 7-day trial period allowing customers to test the car in everyday life with the option to return it for a full refund if not satisfied. | $0 | -- | $61M | $57M | ||||
| CarParts.com Inc is an online provider of automotive aftermarket parts and repair information. It serves as an end-to-end solution for automotive repair and maintenance resources, offering a seamless online shopping experience that empowers drivers along every part of their journey. The company principally sells its products to individual consumers through its network of websites and online marketplaces. The company's products consist of collision parts serving the body repair market, engine parts to serve the replacement parts market, and performance parts and accessories. | $8 | +36% | $61M | $74M | ||||
| Bluemtec Co Ltd is a company whose main business is selling prescription drugs through an e-commerce platform. It operates two pharmaceutical distribution platforms, BluePharmKorea targeting hospitals and clinics, and KoolPharm targeting pharmacies and provide IT services to operate and advance these two platforms. In addition, it is operating BlueLabs, which provides services and website development for pharmaceutical companies and medical institutions. | $2 | -51% | $57M | $79M | ||||
| Kamux Corp operates a retail chain focused on used cars and related services. It offers both online sales and physical showroom locations for customers to browse and purchase vehicles. The company also provides finance, low-cost auto insurance, and delivery at home or place of work services. Its reportable segments comprise the following geographical areas: Finland, Sweden and Germany. The majority of the company's revenue is derived from Finland, which consists of sales of used cars. | $1 | -34% | $57M | $113M | ||||
| KT Millie Seojae Co Ltd is a company that provides a platform for electronic book subscription services. The company is engaged in activities such as developing, operating, and selling various content subscription services based on book IPs, including e-books. | $7 | -28% | $56M | - | ||||
| GrabAGun Digital Holdings Inc is a multi-brand eCommerce retailer of firearms, ammunition, and related accessories. | $2 | -62% | $54M | - | ||||
| YES24 Co Ltd is an internet-based book, music CD, ticket distributor in Korea. The company was founded in 1999, and introduced a cutting-edge warehouse management system. It owns an online bookstore which controls 37% of publishing market. | $2 | -19% | $53M | $179M | ||||
| Waqoo Inc is engaged in planning and developing its brand-name goods, like cosmetics, and selling them on the company's website and others, by using digital marketing strategies. It has two segments the D2C business involves planning and developing original brands (cosmetics, etc.) using digital marketing, and the Medical Support Business is an initiative in the field of regenerative medicine, and is expanding into the areas of orthopedics and AGA. | $15 | +62% | $52M | $46M | ||||
| Angling Direct PLC is a United Kingdom-based fishing tackle retailer company. The company is engaged in the retail sale of sports goods, fishing gear, fishing reels, fishing rods, camping goods, boats, and many more. The company has three operating segments: UK Stores, UK Online and Europe. The company derives revenue from the UK Stores segment. | $1 | +3% | $49M | $47M | ||||
| 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 | +34% | $49M | $51M | ||||
| Meds Apotek AB (publ) is a full-scale online pharmacy that sells prescription and over-the-counter medicines with permission from the Swedish Medicines Agency. The company's pharmacy products include everything in health, well-being, dietary supplements, beauty, skin care, and animal medicines. | $2 | -- | $43M | $36M | ||||
| Mister Spex SE is a retail brand in Eye ware market in Europe engaged in the business of online opticians. The company offers products and additional services such as eye examinations for glasses and new adaptations and annual checks of contact lenses. It has a regional segment, which is German and international, and the majority of the revenue comes from Germany. The products of company are Sunglasses, Prescription Sunglasses, and Contact lenses. | $1 | -23% | $43M | $56M | ||||
| Miratap Inc is an online retailer that offers housing equipment and building materials. It offers products related to kitchen, bathroom, flooring, interior building materials, exterior building materials, maintenance construction materials, and others. The Company has two reportable segments: the "Housing Equipment and Building Materials E-Commerce Business" and the "Housing Business". | $2 | +23% | $41M | $47M | ||||
| Sportsman's Warehouse Holdings Inc together with its subsidiaries operates as an outdoor sporting goods retailer. It provides a one-stop shopping experience that equips customers with the right quality, brand name hunting, shooting, fishing, and camping gear to maximize enjoyment of the outdoors. The company offers products in the categories of Camping, Apparel, Fishing, Footwear, Hunting and shooting, and Optics, Electronics, Accessories, and Other products. It provides products such as Backpacks, Jackets, Camp essentials, Hiking boots, GPS devices, ATV accessories and Fishing rods, among others. | $1 | -57% | $41M | $529M | ||||
| Koukandekirukun Inc is developing an e-commerce business that sells sets of housing equipment and installation work. The Group operates in a single segment, the e-commerce business for home appliances. | $5 | -3% | $40M | $37M | ||||
| Felissimo Corp is a direct marketing company that sells domestic and overseas products and services. The products of the company include fashion goods, household goods, handmade kits, beauty related products and foods. | $5 | -4% | $38M | - | ||||
| Median | $4 | -9% | $212M | $300M | 0.7x | 7.9x |
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