Budbee Acquisition, Valuation, Funding & Investors

Choco is a Berlin-headquartered B2B platform connecting 50,000 European restaurants with 10,000 suppliers for ingredient orders. Founded in 2018, its app mimics consumer interfaces with chat and ordering lists, processing €4 billion in orders annually. Available in Germany, France, and the UK, Choco raised $150 million in funding and partners with Metro AG and Sysco for digital procurement.

AppDirect is a cloud service commerce platform connecting providers, developers, and consumers globally. San Francisco-headquartered and launched in 2009, it powers marketplaces for discovering, purchasing, managing, and monitoring services from Microsoft, Google, and Box. Partners including Telstra, ADP, Samsung, and Deutsche Telekom leverage its billing, distribution, and reselling capabilities to reach millions of businesses.

São Paulo-headquartered Olist serves as Brazil's leading commerce enabler for small and medium businesses, facilitating sales on major marketplaces through its integrated ecosystem. Olist Store connects merchants to platforms including Mercado Livre, Amazon, and Shopee, while Olist Shops delivers mobile-first ecommerce tools accessible in 180 countries. Complementing these, Olist Pax manages logistics and fulfillment across Brazil, and Olist Credit with Olist Pay handles financing and payments. Founded in 2015, Olist operates in over 2,000 Brazilian cities and pursues global expansion.

Ankorstore is a Paris-based B2B wholesale marketplace, founded in 2019, that connects independent retailers with independent brands across categories including home goods, grocery, fashion, beauty, and pet products. The platform lets more than 200,000 retailers source from over 15,000 brands across 23 European markets, offering more than a million products. Ankorstore operates from offices in Paris, London, Berlin, Amsterdam, and Stockholm and positions itself as an alternative to traditional wholesale distribution channels.

Flipdish is a Dublin-headquartered platform delivering online ordering, point-of-sale systems, and marketing tools tailored for independent restaurants across Ireland, the UK, and Europe. Launched in 2015, the company equips eateries with direct customer engagement features, kitchen management software, and delivery integrations to boost revenue and operational efficiency. Flipdish supports thousands of venues with its end-to-end ecosystem amid digital transformation in the food sector.

Korea Credit Data is a Seoul-headquartered fintech provider serving over 2 million merchants with business management, customer analytics, POS systems, payment processing, and marketplace services. Through subsidiaries like Korea Payment Networks, IMU for POS, and Korea Credit Service as a credit bureau, it holds the first CB license issued in 17 years. Backed by investors including Temasek's Pavilion Capital, Morgan Stanley Tactical Value, Kakao, KB Kookmin Bank, Hanwha Life, Shinhan Card, Dunamu's Upbit, GS25, and Fiserv, the group has raised over $220 million.

Mirakl is a Paris-headquartered SaaS provider of enterprise marketplace platforms for B2B and B2C sectors. Founded in 2012 at mirakl.com, it enables brands like Leroy Merlin and Best Buy to launch scalable online marketplaces, managing over 100 million products across global clients.

Faire is a wholesale marketplace connecting independent retailers with brands and artisans for unique merchandise discovery. The San Francisco-headquartered and Kitchener-based platform provides net 60 payment terms, free returns, and logistics via partnerships with USPS and DHL. Faire equips retailers with inventory management tools and data insights while enabling makers to access local stores across the United States, Canada, Europe, and Australia.

Pax8 is a Greenwood Village-headquartered cloud commerce marketplace founded in 2012. The platform aggregates services from vendors like Microsoft, Datto, and ConnectWise for managed service providers. Pax8's Command Console handles quoting, provisioning, billing, and support for cybersecurity, backup, and communications tools across a global partner network.

Udaan is a Bengaluru-based eB2B platform connecting suppliers and businesses in FMCG, pharmaceuticals, and staples categories across India. The service optimizes supply chain logistics and extends financial products to small retailers via udaan.com.

ezCater is a Boston-headquartered online marketplace connecting users with local caterers for food orders. Founded in 2007, the platform facilitates group meals and events through ezcater.com, partnering with thousands of vendors nationwide.

Whop functions as a marketplace for digital products where entrepreneurs sell communities, online courses, and software tools. It manages memberships across Telegram and Discord with automated role assignments and access controls. San Francisco-headquartered Whop provides payment processing, analytics, and chat features to help creators scale operations and retain subscribers.

TBO Tek Ltd is a travel distribution platform. It is engaged in the business of operating an online technology platform (TBO Portal) providing its customers access to book international travel inventory aggregated through travel suppliers like airlines, hotels, cruises, car rentals, transfers, and rail services among others. Its customers include retail and API buyers such as travel agencies, independent travel advisors, and enterprise buyers including tour operators, travel management companies, online travel companies, super-apps, and loyalty apps. The company's business activities fall within two primary business segments; Air ticketing which generates maximum revenue, and Hotels and packages. Geographically, it derives maximum revenue from India and also has its presence outside India.

Kitopi is a Kitchen as a Service platform enabling restaurants to launch delivery-only venues with managed kitchens and software infrastructure. Operating in the United Arab Emirates, Saudi Arabia, Kuwait, and Bahrain since 2018, it supports rapid expansion for food brands minimizing upfront investments. The model facilitates virtual restaurant concepts across the Gulf region.

Material Bank is a Boca Raton, Florida-based digital marketplace where architects, designers, and corporate buyers search, sample, and order building and design materials from hundreds of brand partners across hundreds of thousands of SKUs. Orders placed by midnight ship overnight through a robotic logistics facility near Memphis, Tennessee, and arrive free of charge to design professionals, with brand partners paying for fulfillment. Launched in 2018, the platform connects design professionals with brand partners such as Mohawk and Sherwin-Williams across the architecture, design, and construction industries.

HBX Group International PLC is a travel-technology marketplace. The company is engaged in the intermediation of hotel accommodations and complementary travel products between travel suppliers and travel distributors. With the help of its subsidiaries, the Group also assists hotels in optimising their direct online channel, creating booking engines, and supporting digital marketing. The company's maximum revenue is derived from hotel bookings. The company connect between supply and demand, empowering businesses and their travellers, with choice and confidence.

Izumi Co Ltd is engaged in operating shopping centres, general merchandising stores, clothing, household goods and food products. Most of the stores are located in Kyushu Region, Chugoku Region, and Shikoku Region in Japan. The company operates through segments including retail, retail-peripheral operations, and other. The retail segment is engaged in the retail business through shopping centres. The retail-peripheral operations segment consists of a credit and finance business, shop facility management, and restaurant operation, which deliver the vast majority of the business' income. The other segment includes wholesale and real estate operations.

Liquidity Services Inc is an online auction marketplace. It manages and sells inventory and equipment for business and government clients by operating a network of e-commerce marketplaces that enable buyers and sellers to transact in an efficient, automated environment offering across different product categories. The company has four reportable segments: GovDeals, Retail Supply Chain Group (RSCG), and Machinio & Software Solutions. It generates majority of its revenue from Retail Supply Chain Group (RSCG) segment which consists of marketplaces that enable corporations located in the United States and Canada to sell excess, returned, and overstocked consumer goods. Geographically, a substantial portion the company's revenue is generated from its business in United States.