Drizly Acquisition, Valuation, Funding & Investors

Movile is a Campinas-headquartered investment company that backs mobile commerce platforms across Latin America. It holds major stakes in iFood, Brazil's leading food delivery service processing millions of orders daily, and operates in ticketing through Sympla and children's content via PlayKids. Naspers has been a key shareholder since 2008, supporting expansions into the United States and France. Innova Capital joined as a partner in 2014. Founded in 1999, Movile focuses on online-to-offline applications in education, logistics, and entertainment sectors.

Ninja is an Abu Dhabi-based quick commerce operator delivering groceries and daily essentials within 10 minutes. Launched in UAE, it operates dark stores in major cities and expands through hyperlocal fulfillment networks.

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.

GoTo is an Indonesian ecosystem that combines ride-hailing, delivery, and financial services under one app. The company operates primarily in Indonesia and is the product of a merger between Gojek and Tokopedia in May 2021, but recently divested the e-commerce business into a combined entity with TikTok Indonesia in 2024. Looking ahead, we expect the on-demand service to account for the majority of revenue while its financial services begin to ramp. Prior to the deconsolidation, 82% of nonfinancial services gross transactional value came from e-commerce, and the firm will begin to expand into financial services such as providing loans and buy now, pay later programs. The company competes with Grab in the ride-hailing and delivery business.

Apna is an India-based professional networking platform founded in 2019, serving 75 cities. It connects over 35 million users with 2 million employers for jobs, skilling, and networking, funded by $190 million from Insight Partners, Tiger Global, Lightspeed India, Sequoia Capital India, Rocketship.vc, and Greenoaks Capital.

Chemao is a Hangzhou-based online platform for second-hand car trading in China. Founded in 2012, it offers transaction facilitation, financing, warranties, and expert inspections for used vehicles. The platform processes thousands of listings monthly, connecting buyers with certified dealers in major cities like Shanghai and Guangzhou.

Baltic Classifieds Group PLC is an online classifieds group in the Baltics which owns and operates various vertical and generalist online classifieds portals in Estonia, Latvia, and Lithuania. Its online classifieds portfolio comprises vertical online classifieds portals, including vertical portals for automotive, real estate, and jobs and services, and a few generalist portals, offering a wide line of products. The main focus of the Group is operating online classifieds platforms for automotive, real estate, jobs and services, and general merchandise in the Baltics. lt generates revenue from fees for service packages based on the number of job ad postings; fees for short-term services including job ad promotion, job ads, and access to the resume database.

Raisin is a Berlin-headquartered fintech platform founded in 2012 that operates as a savings and investment marketplace. It links retail savers with partner banks across Europe and the United States for fixed-term deposits and cash products with competitive rates. The single dashboard enables easy account opening, management, and withdrawals from institutions like Banca Sistema in Italy and Brabo Bank in the Netherlands. Following the June 2021 merger with Deposit Solutions to form Raisin DS, the company broadened its fixed-income offerings and market presence.

Upwork Inc is a United States-based company that operates an online marketplace that enables businesses to find and work with skilled independent professionals. The company develops platform for hiring and freelancing purposes and connects businesses with AI-enabled talent across every on-demand work type, including freelance, agency, fractional, and payrolled. The business generates revenue from Talent and Clients across the USA, India, Pakistan, the Philippines and the rest of the world. Maximum revenue of the company is derived from Talent segment.

The RealReal is the largest pure-play luxury resale platform in the US, generating $1.8 billion in 2024 gross merchandise volume and addressing a niche (personal luxury resale) that had previously been serviced by inefficient upscale boutiques and local pawn shops. The company generates revenue via consignment and first-party sales on its online marketplace, and through a small volume of direct sales. With a hands-on approach that actively sources inventory and authenticates every item on its platform, The RealReal is able to justify much higher take rates than peers, working out to roughly 36% of net merchandise value in 2024, which excludes returns, cancellations, and first-party sales.

Flip is a New York-based social shopping app focused on beauty and apparel products. Users receive curated clothing shipments based on profiles, try items at home, and share styled photos for friend feedback before purchases through its e-commerce integration.

Chrono24 is a Karlsruhe-headquartered online marketplace listing luxury watches from Rolex, Omega, and Cartier through 3,000 dealers worldwide. Founded in 2003, the platform processes sales from 120 countries with buyer protection and escrow services. It hosts over 500,000 listings updated daily.

LegalZoom.com Inc is an online provider of services that meet the legal needs of small businesses and consumers in the United States. The company also offers services that include ongoing compliance and tax advice and filings, business licenses, accounting, virtual mailbox and e-signature solutions, trademark filings, and estate plans.

Grupa Pracuj SA is engaged in offering digital recruitment services. The company is an owner of brands contributing to a digital ecosystem addressed to the HR world. It segment includes Poland; Ukraine and Germany. The company derives a majority of revenue from Poland segment.

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.

Droom is a Gurgaon-headquartered online automobile marketplace operating in 1,091 cities across India. The platform lists over 600,000 vehicles from 20,000 dealers, valued at more than $14 billion, and integrates tools like Orange Book Value for pricing 460 million queries, ECO inspections at 1,000 checkpoints, and vehicle history databases covering 250 million records. Droom facilitates certified pre-owned sales, loans, and insurance, holding an 80 percent share of India's online auto transactions.

Rohlik operates automated dark stores to deliver groceries including fresh produce, dairy, and household items within 90 minutes across Central Europe. Prague-headquartered in the Karlín district, the company runs platforms as Rohlík.cz in the Czech Republic, Košík.cz in Slovakia, Rohlik.hu in Hungary, Rohlik.at in Austria, and Rohlik.pl in Poland. Launched in 2014, it maintains fulfillment centers in cities such as Prague, Bratislava, Budapest, Vienna, and Warsaw, partnering with regional suppliers for daily restocking.

SeatGeek is a New York-headquartered ticket marketplace aggregating listings for sports, concerts, and theater events. Launched in 2009, its Deal Score algorithm rates ticket value from 0 to 100, while discovery tools via apps integrate user preferences for personalized recommendations through partnerships like Spotify.