The retail industry is home to 58 unicorn startups, covering everything from online marketplaces to grocery stores. These companies are changing how people shop around the world.
At the top is India's Reliance Retail with a $101B valuation. Other major players include US-based Fanatics, a sports retailer valued at $31B.
Below is the full list of 58 Retail unicorn startups at this time.
Top 10 Most Valuable Retail Unicorns
Tool
Fundraising OS
Everything you need to raise funding for your startup, including 3,500+ investors, 7 tools, 18 templates and 3 learning resources.
Buy It For $97 $297 →Sheet
2,189 Accelerators & Incubators
Information about the industries, countries, and cities they generally invest in.
Get the Sheet for $50Sheet
1,600+ Unicorns
Information about their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.
Get the Sheet for $50Sheet
250 BioTech & Health Investors
List of startup investors in the BioTech, Health, and Medicine industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50Sheet
250 AI Investors
List of 250 startup investors in the AI and Machine Learning industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50Sheet
250 Fintech Investors
List of 250 startup investors in the FinTech and Finance industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50Reliance Retail operates a massive and diverse network of retail formats across India, from neighborhood convenience stores to large supermarkets and specialty shops. They serve millions of customers with a wide array of products in categories like groceries, consumer electronics, and fashion.
| Valuation | $101B |
| Headquarters | Mumbai, Maharashtra, India |
| Year Founded | 2006 |
| Founders | Mukesh Ambani |
| Funding Amount | $8.3B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Private Equity |
| Top Investors | TPG, Silver Lake, GIC, General Atlantic, Abu Dhabi Investment Authority |
Fanatics builds and operates a global digital sports platform for licensed merchandise, from fan apparel to trading cards. They partner with the world's largest sports leagues and teams to run their official online stores and direct-to-consumer businesses.
| Valuation | $31B (Joined June 2012) |
| Headquarters | Jacksonville, Florida, United States |
| Year Founded | 2002 |
| Founders | Alan Trager, Jason Watkins, Josh Luber, Michael Rubin, Mitch Trager |
| Funding Amount | $4.9B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Private Equity |
| Top Investors | Andreessen Horowitz, Franklin Templeton, Bank of America, Insight Partners, BlackRock |
JD Digits builds digital technology to connect financial services with physical industries. Their solutions help enterprises in sectors like finance and retail digitize their core operations and services.
| Valuation | $18B |
| Headquarters | Beijing, Beijing, China |
| Year Founded | 2013 |
| Founders | — |
| Funding Amount | CN¥34B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Series B |
| Top Investors | COFCO, Intonation Ventures, HSG, Cyber Creation Ventures (CCV), CICC |
Faire runs a wholesale marketplace designed to help independent retailers discover and buy goods from artisans and brands around the world. The platform gives small business owners the tools to easily stock their shops with unique merchandise.
| Valuation | $13B (Joined October 2019) |
| Headquarters | San Francisco, California, United States |
| Year Founded | 2017 |
| Founders | Daniele Perito, Jeffrey Kolovson, Marcelo Cortes, Max Rhodes |
| Funding Amount | $1.7B |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Corporate Round |
| Top Investors | Norwest, Lightspeed Venture Partners, Khosla Ventures, Sequoia Capital, Wellington Management |
Xingsheng Youxuan runs a community group-buying platform for groceries and other household goods. Their model allows consumers to order products online and collect them from a central point in their neighborhood, streamlining the supply chain for fresh food.
| Valuation | $12B |
| Headquarters | Changshahsien, Hunan, China |
| Year Founded | 2018 |
| Founders | Lihua Yue |
| Funding Amount | $5.2B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Venture Round |
| Top Investors | Primavera Capital Group, Tencent, Ontario Teachers' Pension Plan, HSG, Temasek Holdings |
Thrasio builds a massive portfolio of consumer brands by acquiring promising sellers on Amazon and other digital marketplaces. They then use their operational engine to scale these businesses, turning popular products into category leaders.
| Valuation | $10B |
| Headquarters | Walpole, Massachusetts, United States |
| Year Founded | 2018 |
| Founders | Carlos Cashman, Ernesto Reza, Joshua Silberstein |
| Funding Amount | $3.4B |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Venture Round |
| Top Investors | BlackRock, Advent International, Monroe Capital, UBS, JP Morgan Chase |
HeyTea operates a popular chain of modern tea shops that specialize in inventive drinks. They are best known for popularizing cheese-topped tea and creating a wide variety of fresh fruit teas.
| Valuation | $9.28B (Joined July 2019) |
| Headquarters | Shenzhen, Guangdong, China |
| Year Founded | 2012 |
| Founders | Neo Nie Yunchen, Yunqi Nie |
| Funding Amount | $595.1M |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Series D |
| Top Investors | HSG, Tencent, Hillhouse Investment, Coatue, Temasek Holdings |
The CrownX develops an integrated platform that brings together consumer goods and retail services under one roof. They focus on creating a seamless shopping journey by connecting online digital experiences with offline physical stores.
| Valuation | $8B |
| Headquarters | Ho Chi Minh City, NA - Vietnam, Vietnam |
| Year Founded | 2019 |
| Founders | — |
| Funding Amount | $1.1B |
| Company Size | No Data |
| Last Funding Status | Private Equity |
| Top Investors | Alibaba Group, BPEA EQT, Abu Dhabi Investment Authority, TPG, SeaTown Holdings |
Vuori designs premium performance apparel inspired by the active Coastal California lifestyle. Their clothing integrates fitness and sport with versatile style for everyday life.
| Valuation | $6B (Joined October 2021) |
| Headquarters | Encinitas, California, United States |
| Year Founded | 2013 |
| Founders | Joseph Kudla |
| Funding Amount | $1.3B |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Venture Round |
| Top Investors | Stripes, General Atlantic, SoftBank Vision Fund, Norwest |
RELEX Solutions has developed a unified AI platform for retail and supply chain planning. Their software helps companies optimize everything from demand forecasting to workforce management, ultimately reducing operational costs and improving product availability.
| Valuation | $6B |
| Headquarters | Helsinki, Southern Finland, Finland |
| Year Founded | 2005 |
| Founders | Johanna Småros, Michael Falck, Mikko Kärkkäinen |
| Funding Amount | $814.6M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Venture Round |
| Top Investors | TCV, Nordea, Summit Partners, BP, Blackstone Group |
The Remaining 48 Retail Unicorns
The ten most valuable companies are just a small part of the all retail unicorns. While the US and China are home to many of them, founders across the globe are building billion-dollar businesses.
Some of these companies have been growing for years, while others are much newer to the scene. Here is a complete look at the other retail startups that have earned a spot in the unicorn club.