In an increasingly online world, e-commerce platforms are transforming how we shop. Our graphic visualizes the 10 most highly valued consumer-facing e-commerce companies in the world.
Covid-19 has been a shot in the arm for e-commerce, with lockdowns forcing a significant portion of shopping online — and many consumers plan to maintain the habit, even after the pandemic subsides.
This digital shift is creating fresh opportunities for e-commerce companies in the consumer space. In the second half of 2020, e-commerce funding grew by 68% compared to the first half of the year, while a number of new unicorns (private companies valued at $1B+) have also emerged in the space.
Using CB Insights data, we visualized the world’s most valuable private e-commerce companies focused on consumers.
Our analysis includes only private, active, VC-backed companies. We exclude subsidiaries and majority-owned companies. This analysis focuses on consumer-facing e-commerce companies, and we exclude companies focused on e-commerce enablement.
- San Francisco-based Instacart takes the top spot on our graphic. The grocery delivery unicorn reached a $17.7B valuation in 2020, following a Series H by Valiant Capital Partners and D1 Capital Partners.
- A number of the most valuable e-commerce companies operate consumer-to-consumer (C2C) or business-to-consumer (B2C) marketplaces, including Indonesia-based Tokopedia and China-based Chehaoduo.
- These 10 companies have raised a combined total of $19.8B in disclosed equity funding.
- A majority of the companies in our graphic are based in Asia. China leads in the region with 3 of the top private e-commerce companies, followed by Indonesia, with 2. South Korea and Germany are each home to 1, while the US rounds out the top 10 with 3 companies.
- Nine of these 10 companies raised funding rounds amid the Covid-19 pandemic. Fresh produce chain Xingsheng Selected raised an $800M round in July and then a $700M round in December, while general delivery service GoPuff raised a $380M Series D in October. Indonesia-based Bukalapak raised a $100M Series F from Microsoft, GIC Group, and Erlang Technology to reach a $3.5B valuation in November 2020.
For more on the consumer e-commerce space, dig into our latest State Of Retail report.
This report was created with data from CB Insights’ emerging technology insights platform, which offers clarity into emerging tech and new business strategies through tools like:
- Earnings Transcripts Search Engine & Analytics to get an information edge on competitors’ and incumbents’ strategies
- Patent Analytics to see where innovation is happening next
- Company Mosaic Scores to evaluate startup health, based on our National Science Foundation-backed algorithm
- Business Relationships to quickly see a company’s competitors, partners, and more
- Market Sizing Tools to visualize market growth and spot the next big opportunity