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The shoe industry has seen a rise in specialized online marketplaces. Companies like StockX and Goat Group have both reached valuations of $4 billion by focusing on high demand sneakers.
Beyond sneaker resale, other business models are also finding success. Rothy's has built a $1 billion company on sustainable materials, while TechStyle Fashion Group reached the same valuation with a membership model.
Below is the full list of 4 Shoes unicorn startups at this time.
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Get the Sheet for $50StockX built an online marketplace that treats high-demand goods like limited-edition sneakers as assets on a stock market. They are widely known for a meticulous authentication system that verifies every item before it is shipped to the buyer.
Goat Group runs a global marketplace for authentic sneakers, apparel, and accessories. They connect buyers and sellers through a trusted verification process, ensuring every item is genuine.
TechStyle Fashion Group operates a portfolio of digital-first fashion brands built on a membership commerce model. They use a proprietary technology platform to deliver personalized shopping experiences for members of brands like Fabletics and Savage X Fenty.
Rothy's designs and creates a line of shoes and accessories using a signature thread spun from single-use plastic bottles. They are recognized for producing stylish, comfortable, and machine-washable goods that advance a sustainable mission in fashion.
