November 2026
Largest Vertical E-commerce Public Companies in India
Benchmark revenue and EBITDA valuation multiples for public comps like
Lenskart, Brainbees Solutions, Wakefit Innovations, Purple Style Labs and Studds Accessories.
 | 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. | $8 | +69% | $13B | $13B | 14.4x | 69.8x | ||
| 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 | -49% | $837M | $912M | 1.0x | 30.6x | ||
| Wakefit Innovations sells mattresses, beds, sofas and other home furnishings under the Wakefit brand. It sells online, through its own stores and marketplaces, and makes products in its own plants in India. It is headquartered in Bengaluru. | $1 | -- | $489M | $457M | 2.9x | 23.1x | ||
| Purple Style Labs runs Pernia's Pop-Up Shop, an online and offline luxury Indian fashion platform selling designer wear and accessories. It sells to consumers in India and abroad through its website and stores. The company is headquartered in Mumbai. | $5 | -- | $423M | $446M | 7.5x | (41.7x) | ||
| 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 | -- | $168M | $160M | 2.4x | 11.7x | ||
| Median | $4 | +10% | $489M | $457M | 2.9x | 23.1x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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