Top 13 E-Commerce Platforms Unicorns in 2024

Updated:

January 22, 2024

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Unicorns

Have you ever wondered which private companies in the E-Commerce Platforms industry have the highest valuations?

You’re not alone.

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There are lots of unicorn companies in this space, and it can be difficult to keep track of them all.

We've decided to take a deep dive and put together a list containing 13 E-Commerce Platforms unicorn startups, from highest to lowest valuation.

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13 E-Commerce Platforms Unicorns Companies

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1,190 Unicorns

Information about their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.

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1) Swiggy

Swiggy is India's digital food delivery marketplace for customers to order food online and delivered to their doorstep.

Details of the startup:

  • Valuation: $10.70B (June 2018)

  • Country: India

  • City: Bengaluru

  • Started in: 2014

  • Founders: Nandan Reddy, Phani Kishan Addepalli, Rahul Jaimini, Sriharsha Majety

  • Number of employees: 10,000+

  • Funding: $3,571.00M

  • Funding rounds: 17

  • Number of investors: 40

You can find their website here.

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2) Kavak

KAVAK is a fast-paced marketplace that enables car dealers and private sellers to communicate directly with serious buyers.

Details of the startup:

  • Valuation: $8.70B (October 2020)

  • Country: Mexico

  • City: Lerma de Villada

  • Started in: 2016

  • Founders: Carlos Julio Garcia, Roger Laughlin

  • Number of employees: 1,000-5,000

  • Funding: $1,188.00M

  • Funding rounds: 6

  • Number of investors: 24

You can find their website here.

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3) Meesho

Meesho run a successful operation that frees entrepreneurs to start a business without investing money.

Details of the startup:

  • Valuation: $4.90B (April 2021)

  • Country: India

  • City: Bengaluru

  • Started in: 2015

  • Founders: Sanjeev Barnwal, Vidit Aatrey

  • Number of employees: 1,000-5,000

  • Funding: $1,061.37M

  • Funding rounds: 11

  • Number of investors: 32

You can find their website here.

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4) StockX

StockX provides collectors and sneaker enthusiasts a platform to buy and sell products with transparency, security and confidence.

Details of the startup:

  • Valuation: $3.80B (June 2019)

  • Country: United States

  • State: Michigan

  • City: Detroit

  • Started in: 2016

  • Founders: Chris Kaufman, Dan Gilbert, Greg Schwartz, Josh Luber

  • Number of employees: 1,000-5,000

  • Funding: $520.00M

  • Funding rounds: 10

  • Number of investors: 27

You can find their website here.

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5) Nuvemshop

Nuvemshop provides SMBs in Latin America with the tools to setup, manage, and promote their online business.

Details of the startup:

  • Valuation: $3.10B (August 2021)

  • Country: Brazil

  • City: Sao Paulo

  • Started in: 2011

  • Founders: Alejandro Alfonso, Alejandro Vazquez, Jose Abuchaem, Martin Palombo, Santiago Sosa

  • Number of employees: 500-1,000

  • Funding: $628.30M

  • Funding rounds: 9

  • Number of investors: 29

You can find their website here.

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6) Inxeption

Inxeption is a cloud-based digital commerce platform that helps B2B companies accelerate growth and manage logistics.

Details of the startup:

  • Valuation: $3.00B (January 2022)

  • Country: United States

  • State: California

  • City: South San Francisco

  • Started in: 2017

  • Founders: Farzad Dibachi, Terry Garnett

  • Number of employees: 100-250

  • Funding: $486.50M

  • Funding rounds: 4

  • Number of investors: 5

You can find their website here.

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7) Carsome

Carsome is a used automobile e-commerce platform that enables individuals and businesses to sell cars efficiently.

Details of the startup:

  • Valuation: $1.70B (July 2021)

  • Country: Malaysia

  • City: Petaling Jaya

  • Started in: 2015

  • Founders: Eric Cheng, Jiun Ee Teoh

  • Number of employees: 500-1,000

  • Funding: $597.35M

  • Funding rounds: 13

  • Number of investors: 25

You can find their website here.

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8) Vestiaire Collective

Vestiaire Collective is a luxury, pre-owned fashion marketplace. It provides people with the perfect way to sell and buy high-quality, designer clothing and accessories at a more affordable price.

Details of the startup:

  • Valuation: $1.70B (March 2021)

  • Country: France

  • City: Paris

  • Started in: 2009

  • Founders: Alexandre Cognard, Christian Jorge, Fanny Moizant, Henrique Fernandes, Sebastien Fabre, Sophie Hersan

  • Number of employees: 500-1,000

  • Funding: $664.45M

  • Funding rounds: 9

  • Number of investors: 17

You can find their website here.

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9) Olist

Olist is an SMB commerce enabler ecosystem that specializes in the fields of logistics and capital.

Details of the startup:

  • Valuation: $1.50B (December 2021)

  • Country: Brazil

  • City: Curitiba

  • Started in: 2015

  • Founders: Tiago Dalvi

  • Number of employees: 1,000-5,000

  • Funding: $318.75M

  • Funding rounds: 10

  • Number of investors: 22

You can find their website here.

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10) ElasticRun

ElasticRun provides a logistics and distribution platform designed to help businesses reach traditionally unserviced consumers.

Details of the startup:

  • Valuation: $1.50B (February 2022)

  • Country: India

  • City: Pune

  • Started in: 2016

  • Founders: Sandeep Deshmukh, Saurabh Nigam, Shitiz Bansal

  • Number of employees: 500-1,000

  • Funding: $432.11M

  • Funding rounds: 6

  • Number of investors: 8

You can find their website here.

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11) Swiftly

Swiftly provides solutions to retailers by providing the same digital tools that e-commerce titans use to compete and win.

Details of the startup:

  • Valuation: $1.20B (September 2022)

  • Country: United States

  • State: Washington

  • City: Seattle

  • Started in: 2018

  • Founders: Daniel Kim, Henry Kim, Karen Ho, Sean Turner

  • Number of employees: 101-250

  • Funding: $215.60M

  • Funding rounds: 3

  • Number of investors: 15

You can find their website here.

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12) Jiuxian

Jiuxian offers some of the best wine online to help you and your friends share a good drink, whether you’re celebrating or commiserating.

Details of the startup:

  • Valuation: $1.05B (July 2015)

  • Country: China

  • State: Beijing

  • City: Beijing

  • Started in: 2009

  • Founders: Haofeng He

  • Number of employees: 100-250

  • Funding: $249.21M

  • Funding rounds: 8

  • Number of investors: 7

You can find their website here.

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13) Carro

Carro is an online used automobile marketplace that provides a variety of services to assist you in purchasing a vehicle.

Details of the startup:

  • Valuation: $1.00B (June 2021)

  • Country: Singapore

  • Started in: 2015

  • Founders: Aaron Tan, Aditya Lesmana, Kelvin Chng

  • Number of employees: 250-500

  • Funding: $684.52M

  • Funding rounds: 10

  • Number of investors: 36

You can find their website here.

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