VANCL Valuation, Funding & Investors

Nuvemshop is a Buenos Aires-headquartered e-commerce platform empowering SMBs in Latin America with tools for store creation, payments via Mercado Pago, and logistics integrations. It supports over 100,000 stores in Brazil, Argentina, Mexico, and Colombia with features like abandoned cart recovery and SEO optimization. Nuvemshop provides apps for inventory and marketing automation. Launched in 2011, it processes millions in GMV annually.

Wanda E-Commerce is a Beijing-headquartered subsidiary of Dalian Wanda Group launched in 2014. It integrates online marketplaces with Wanda's physical malls to offer O2O shopping, flash sales, and loyalty programs.

VinCommerce is a Hanoi-headquartered retailer operating over 3,500 WinMart and WinMart+ stores across Vietnam as part of Masan Group. The company supplies groceries, household goods, and fresh produce to urban and rural consumers, sourcing from local farms and international suppliers. VinCommerce launched its e-commerce arm VinID in 2020, reaching millions of shoppers nationwide.

Yunwang Wandian is a Chinese eCommerce and online retail service provider operating as a majority-owned subsidiary of Suning.com. It facilitates multichannel retail for consumer goods, integrating physical stores with digital platforms across major cities.

PT Global Digital Niaga Tbk is engaged in the business of Retail Trading and programming Activities, as well as Web Portals and/or Digital Platforms. Its segments are Online Retail (First party and Third party), Institution, and Physical store.

momo.com Inc is an e-commerce company that serves Taiwan. The company is engaged in TV and radio production, radio and TV program distribution, radio and TV commercial, video program distribution, issuing of magazine, retailing, and retail sale no storefront. The Group has two reporting segments: E-commerce division and Multimedia business division. It derives maximum revenue from E-Commerce Segment.

Vishal Mega Mart Ltd is engaged in the wholesale and retail trade of apparel, fast-moving consumer goods, and general merchandise. The group offers products across three product categories: apparel, general merchandise, and fast-moving consumer goods through a pan-India network of nearly 645 Vishal Mega Mart stores. Its brands are Yellow Hippo, Wavelength, Brink, Home Pure, Outshine, Tandem, Home Finery, and Others. The Group operates in the reportable segment of Contract Manufacturing and Wholesale and Retail Trading.

Mango Excellent Media Co Ltd is a China-based company engaged in the provision of E-commerce services through Television, Internet, Catalogs, and other multimedia channels. The company operates three main business segments. The Mango Television Internet Video Business segment delivers content such as variety shows, TV dramas, films, movies, animations, and short videos. The New Media Interactive Entertainment Content Production Business segment covers the creation and operation of dramas, variety programs, and games, alongside artist management, music copyrights, and game development. The Media Retail Business segment focuses on TV shopping, media e-commerce, and overseas-related operations. The company generates maximum revenue from the Mango Television internet video business segment.

Razor Group is a Berlin-based holding company acquiring and scaling e-commerce brands in consumer goods categories like home and beauty. It applies growth expertise in Amazon marketplaces, supply chain optimization, and marketing to portfolio companies. Razor Group operates across Europe and North America with dedicated teams for operations and expansion.

WHP Global is a New York-headquartered firm that acquires and manages consumer brands including Toys "R" Us, Express, and Bonobos. It operates a shared services platform to enhance distribution through high-growth channels and digital commerce while expanding product lines for modern markets.

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.

Back Market is a Paris-headquartered online marketplace for refurbished smartphones, laptops, and appliances. Operating in 18 European countries plus the United States and Japan, it connects certified refurbishers with buyers, selling over 6 million devices since 2014. The platform guarantees two-year warranties and employs 700 staff across Paris, New York, and Berlin.

DeNA Co Ltd is a social media service provider in Japan. It generates majority of the portion of its revenue by providing social media and Internet marketing-related services through its Social Media segment. The E-commerce segment offers E-Commerce related services, including the operation of auction shopping and cellular phone websites under the names DeNA shopping and Mobaoku, respectively. The Others segment is engaged in travel agency and insurance agency services, and professional baseball related business. The company has its primary market in North America.

Sailvan Times Co Ltd  is a technology-driven export cross-border brand e-commerce. The company sells high-quality and individuality to global consumers through third-party e-commerce platforms such as Amazon, Walmart, eBay, Wish, and vertical category self-operated websites such as SHESHOW and Retro Stage. It offers modern lifestyle products, including clothing accessories, sports and entertainment, department stores and home furnishings and others. The company also provides logistics services to third parties based on its comprehensive cross-border warehousing and logistics system.

E-MART Inc. is a hypermarket retail company in Korea. The company mainly operates its businesses through seven divisions: domestic hypermarket, tourism hotel, food, supermarket, resort, overseas hypermarket, and bakery. It operates around148 branch locations in Korea (including Emart Traders) and approximately 16 branches in China under management. In addition, by 2023, it plans to expand presence throughout the projected 200 store locations of more, while penetrating into overseas markets in Vietnam and Mongolia.

Global E Online Ltd provides e-commerce solutions. The company offers a platform to enable and accelerate direct-to-consumer cross-border e-commerce. The platform was purpose-built for international shoppers to buy seamlessly online and for merchants to sell from and anywhere in the world. The company localizes the shopper experience to make international transactions as seamless as domestic ones. The platform increases the conversion of international traffic into sales by removing much of the complexity associated with international e-commerce. The company derives maximum revenue from the United States.

Snapdeal is an e-commerce marketplace offering deals on electronics, fashion, home appliances, and daily essentials across India. New Delhi-headquartered and launched in 2010, the platform leads in categories like watches, eyewear, and jewelry according to industry surveys. Snapdeal serves millions of customers through its app and website, backed by investors including Nexus Venture Partners and Bessemer Venture Partners.

Gymshark is a Solihull-headquartered online retailer of performance fitness apparel and accessories, shipping to over 180 countries. Founded in 2012, it designs collections including leggings, sports bras, hoodies, and training shoes for weightlifting, running, and yoga. Gymshark maintains a direct-to-consumer model via its website and app, bolstered by social media communities on Instagram and TikTok.