全球电子商务初创公司市场前景及投资研究报告-培训课件外文版2024.4

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TRENDSE-commercestartupsCHAPTER

01OverviewMarketcapitalizationofthelargestinternetcompaniesworldwideasofAugust2023(inbillionU.S.dollars)Marketvalueofthelargestinternetcompaniesworldwide2023MarketcapitalizationinbillionU.S.dollars02004006008001,0001,2001,4001,6001,800Alphabet1,656Amazon1,373MetaPlatforms746.88Tencent399.06AlibabaNetflixServiceNow234.91185.26115.93BookingHoldings(B)113.37109.55107.2999.22MeituanPinduoduoUberAirbnbEquinix80.4972.834Description:AsofAugust2023,Alphabetwasthebiggestinternetcompanyworldwidewithamarketcapofover1.6trillionU.S.dollarsSecond-rankedAmazonhadamarketcapitalizationof1,373billionU.S.dollars.ReadmoreNote(s):Worldwide;August2023Source(s):CompaniesMarketCHighest-valuede-commerceanddirect-to-consumerunicornsworldwideasofDecember2023(inbillionU.S.dollars)Highestvaluede-commercestartupcompaniesglobally2023ValuationinbillionU.S.dollars010203040506070SHEIN(Singapore)Fanatics(U.S.)6631Yuanfudao(China)Gopuff(U.S.YuanqiSenlin(China)Faire(U.S.)15.5151512.5912JUULLabs(U.S.)XingshengSelected(China)BYJU's(India)1211.5Chehaoduo(China)Thrasio(U.S.)1010HEYTEA(China)9.28OYORooms(India)Getir(Turkey)98.8Swiggy(India)85Description:Sixoutofthetenmostvaluede-commerceanddirect-to-consumerunicornsworldwideareChinesebusinesses.SHEIN,aChinesefashione-commerceplatformheadquarteredinSingapore,isthee-commercestartupwiththehighestvaluationworldwide,atnolessthan66billionU.S.dollarsasofDecember2023.SHEINovertookXiaohongshu,alsoknownas"Red"or"LittleRedBook",asociale-commerceplatformheadquarteredinShanghai,whichwasthemostvaluede-commerce[...]

ReadmoreNote(s):Worldwide;December2023Source(s):CBInsightsValueoftheleadinge-commercestartupacquisitionsworldwideasofJanuary2024(inbillionU.S.dollars)Valueofleadinge-commercestartupacquisitions2024AcquisitionvalueinbillionU.S.dollars02468101214161618Flipkart(Walmart)Wolt(DoorDash)8.1Ancestry(BlackstoneGroup)BirkenstockGroup(LCatterton)Jet(Walmart)4.74.53Postmates(Uber)2.72.7Mobike(Meituan-Dianping)Magento(Adobe)1.71.6Depop(Etsy)Gorillas(Getir)1.26Description:Thee-commerceM&Alandscapewasrelativelyquietin2023.Theacquisitionsmadeinthatyeardidnotmakeitintotheall-timetop10basedondealvalue.ThepurchaseofFlipkart,anIndianonlineshoppingplatformbasedinBengaluru,byWalmartin2018ranksasoneofthelargeste-commercestartupacquisitionstodate,withavalueof16billionU.S.dollars.OnlinefooddeliverycompanyWoltwasboughtbyDoorDashin2018,anoperationwhichcosttheacquiringcompanysome[...]

ReadmoreNote(s):Worldwide;asofJanuary2024;excludesacquisitionswithundisclosedvalue;excludespubliclylistedcompaniesSource(s):Bloomberg;Index.co;MostexpensivecompanyacquisitionsbyAmazonasofJanuary2024(inmillionU.S.dollars)Amazon'smostexpensiveacquisitions2024ValueinmillionU.S.dollars6,000

8,00002,0004,0003,50010,00012,00014,00013,70016,000WholeFoods(2017)Metro-Goldwyn-Mayer(2021)*OneMedical(2023)Zoox(2020)**8,4501,300Zappos(2009)1,2001,200Ring(2018)Pillpack(2018)Twitch(2014)1,000970775580500KivaSystems(2012)S(2017)Quidsi(2011)7Description:TheacquisitionofWholeFoodsMarketbyAmazonin2017isthebiggestcompanytake-overbyBezos'scorporationtodate,withawhoppingtagpriceof13.7billionU.S.dollars.Thisacquisitionwasamovetoexpandthecompany'sonlinegrocerybusiness.Since2018,AmazonPrimesubscriberscanbenefitfromexclusivedealsontheirgroceryordersfromWholeFoods-althoughfreedeliveryhasbeenrestrictedsinceOctober2021.

ReadmoreNote(s):Worldwide;asofJanuary2024;excludesacquisitionswithundisclosedvalue;*Retrievedfromthisrelease.**Retrievedfromthisrelease.

ReadmoreSource(s):Amazon;CBInsights;Forbes;NewYorkTimes;DistributionofunicornsworldwideasofNovember2022,byindustryShareofunicornsworldwideasofNovember2022,byindustryShareofunicorns0%2%4%6%8%10%12%14%16%18%20%SoftwareFinancialservicesInformationtechnologyInternetservicesCommerceandshoppingDataandanalyticsScienceandengineeringOther17.78%7.89%7.16%6.32%6.3%6%5.97%4.99%4.81%TransaportationHardwareArtificialintelligencePayments4.29%3.97%3.78%3.41%Healthcare8Description:Asof2021,unicornsactiveintheindustriesofbusinessmanagement,aswellasfinancialservices,accountedforapproximately35percentofallunicorncompaniesworldwide.Intermsofvalue,Asiahadthehighestdistribution,intermsofoverallmarketvalue,whileNorthAmericaisoutinfront.ReadmoreNote(s):Worldwide;November2022Source(s):CrunchBase;NumberofunicornsworldwideasofApril2023,byregionNumberofglobalunicornsinApril2023,byregion80069770060050040030020010004631652484NorthAmericaAsiaEuropeSouthAmericaOceaniaAfrica9Description:AsofApril2023,approcimatelyhalfofunicornsworldwidewereheadquarteredinNorthAmerica.ThetworegionsthathostedthefewestunicornswereOceania,andAfrica,with8and4unicornsbasedineachoftheseregions.Additionally,mostofthehighestvaluedunicornsgloballywerebasedinNorthAmericaorAsia.ReadmoreNote(s):Worldwide;April2023Source(s):HurunResearchInstituteFundingofselectedquick-commercestartupsworldwideasofMarch2022(inmillionU.S.dollars)Fundraisingamountofselectedquick-commercestartups2022FundinginmillionU.S.dollars1,500

2,00005001,0002,5003,0003,5004,000Gopuff(U.S.)Getir(Turkey)3,4001,8001,700Missfresh(China)DingdongMaicai(China)Gorillas(Germany)FlinkFood(Germany)Dunzo(India)1,3001,3001,100700.1JOKR(U.S.)430Zapp(UK)300Zepto(India)160Frichti(France)Cajoo(France)56.147.246Buyk(U.S.)10Description:BetweenOctober2020andDecember2021,U.S.-basedquickcommercestartupGopuff-whichdeliversconvenienceproductswithinminutes-receivedinvestmentsforupto1.7billionU.S.dollars.Thatmeansthatinjustoverayear,thecompanyraisedalmosthalfofitstotalfunding,whichinMarch2022amountedto3.4billiondollars.Launchedamidahealthemergency,Berlin-basedstartupsGorillasandFlinkhadraisedsome1.3billionand1.1billiondollars,respectively,bythatdate.ReadmoreNote(s):includesonlyverticallyintegratedhigh-speeddeliveryservices;*AcquiredbyGetirinNovember2021.**AcquiredbyGopuffinAugust2021.Dateofreleasewasnotprovidedbythesource,thepublicationdateisthedateofaccess.[...]

ReadmoreSource(s):CrunchBaseCHAPTER

02AmericasHighestvaluede-commerceanddirect-to-consumerunicornsintheUnitedStatesasofDecember2023(inbillionU.S.dollars)Highestvaluede-commercestartupcompaniesintheU.S.2023ValuationinbillionU.S.dollars05101520253035FanaticsGoPuff3115Faire12.59Thrasio10Skims5Weee!4.1Houzz4ImpossibleFoodsVuori44StockX3.812Description:OnlineretailcompanyFanaticswasthemostvaluede-commerceanddirect-to-consumerstartupintheUnitedStatesasofDecember2023.Theunicorncompanyreachedavaluationof31billionU.S.dollars,followedbyGoPuff,arapidgrocerydeliverycomany,whoseworthstoodat15billion.ReadmoreNote(s):UnitedStates;December2023Source(s):CBInsightsLeadingB2BmarketplacestartupsintheUnitedStatesasof2022,bycapitalraised(inmillionU.S.dollars)LeadingB2BmarketplacestartupsintheU.S.2022,bycapitalraisedCapitalraisedinmillionU.S.dollars02004006008001,0001,2001,4001,6001,8001,710IndigoAGFaireFarmersBusinessNetworkGrubMarketLeafLink1,510929.33440.89378.99Choco282.44323.8MaterialBankFictiv195.6Odeko171.82164.11Renorun13Description:ThestartupIndigoAgricultureoperatesinthemicrobiologyandagrotechnologysector.Asof2022,theB2Bmarketplaceraisedmorethan1.7billionU.S.dollarsworthofinvestments,thehighestvalueamongB2BmarketplacestartupsintheUnitedStates.Fairerankedsecondwithover1.5billiondollars.ReadmoreNote(s):UnitedStates;asof2022;non-publiccompaniesSource(s):ApplicoFundingreceivedbyselectedlivestreamshoppingbusinessesintheUnitedStatesasofNovember2022(inmillionU.S.dollars)FundraisingamountoflivecommerceplatformsintheU.S.2022ValueinmillionU.S.dollars050100150200250300350400450500550WhatnotFirework484.7269.3Mux173.9NTWRK6049.2ShopShopsSupergreatPopshopLiveOmnywayTalkShopLivebuywith292314.3119.5ShopLITLiveSpin65.23.5Newness14Description:AsofNovember2022,Whatnot,aU.S.communitymarketplaceofferingliveshoppingservices,accumulatedventurecapitalinvestmentsfornearly485millionU.S.dollars.Amongthestartupsanalyzed,Firework,aplatformforwebstoryvideocreation,cameinsecondplace,raisingcloseto270milliondollars.Thelivevideodevelopmentplatform,Mux,hadreceivedapproximately174millioninfunding.ReadmoreNote(s):UnitedStates;asofNovember2022Source(s):CrunchBaseFundingofleadinge-commercecompaniesinCanadaasofDecember2022(inmillionU.S.dollars)Fundsraisedbymajore-commercestartupsinCanada2022FundinginmillionU.S.dollars300

4000100200500600700698.6800ClearcoClutch253.1OSFDigitalElasticPathVendasta*Benevity166144.2130.669.2Thriver53Blackcart14.610.3CommerceBearTriangle315Description:Clearco,agrowthplatformforonlinebusinesses,isoneofthebest-fundedcompaniesinCanada,withalmost699milliondollarsraisedasofDecember2022.Clutch,ane-commerceretailerofusedcars,hadreceivedover253milliondollarsininvestments.ReadmoreNote(s):asofDecember12,2022;activeprivatecompanieswithheadquartersinthecountry;*ValueconvertedfromCanadiantoU.S.dollarsbasedonDecember12,2022exchangerates.Thepublicationdateisthedateofaccess.Figureshave[...]

ReadmoreSource(s):CrunchBaseMostvaluede-commerceanddirect-to-consumerunicornsinBrazilasofOctober2022(inbillionU.S.dollars)Highestvaluede-commercestartupcompaniesinBrazil2022ValuationinbillionU.S.dollars0123456QuintoAndarNuvemshopLoft5.13.12.9Olist1.5MadeiraMadeira116Description:OnlinerentalandrealestateplatformQuintoAndarisBrazil'smostvaluablee-commerceunicorn.AsofOctober2022,thecompanyfoundedinCampinaswasworthmorethanfivebillionU.S.dollars.Nuvemshop,alsoknownasTiendanubeinneighboringSpanish-speakingcountries,hadanestimatedvalueof3.1billiondollars,200milliondollarsmorethanLoft,arealestatee-commerceplatform.ReadmoreNote(s):Brazil;October2022Source(s):CBInsightsFundingofleadinge-commercecompaniesinMexicoasofDecember2022(inmillionU.S.dollars)Fundsraisedbymajore-commercestartupsinMexico2022FundinginmillionU.S.dollars1,50005001,0002,0002,5002,4003,000KavakClip453.7445Merama99MinutosGAIA128.782.9604827QuinioZubaleSkydropxGoTrendierSr.Pago25.213.5Neta

4.5Orchata

4.2Seeri

2.217Description:Kavak,ane-commerceplatformofusedcarsbasedinMexicoCity,isoneofthemostfundedonlineshoppingplatformsinMexico.AsofDecember2022,ithasreceivedinvestmentsforupto2.4billionU.S.dollars.Clip,anelectronicpaymentsstartup,isestimatedtohaveraisedalmost454milliondollars.ReadmoreNote(s):Mexico;asofDecember12,2022;activeprivatecompanieswithheadquartersinthecountrySource(s):CrunchBaseDistributionofstartupsbasedinColombiaasof2023,bybusinessmodelDistributionofstartupsbasedinColombiaasof2023,bybusinessmodelShareofstartups0%10%20%30%40%50%60%60%70%B2BB2C20%B2BandB2CP2P18%1%B2BandB2GB2G0.5%0.5%B2B2C

0.2%18Description:Ananalysisoftheover1,300startupsbasedinColombiashowedthat60percentofthemoperatedaccordingtoabusiness-to-business(B2B)businessmodel.Another18percentofthemprovidedprivateconsumersandbusinesseswithservicesandproducts.Only20percentofthestartupsheadquarteredinColombiabelongedtothebusiness-to-consumer(B2C)segment.ReadmoreNote(s):Colombia;asofApril2023;1,327startupsfrom31sectorsSource(s):KPMGInternationalCHAPTER

03EuropeMostvaluede-commerceanddirect-to-consumerunicornsinEuropeasofDecember2023(inbillionU.S.dollars)Highestvaluede-commercestartupcompaniesinEurope2023ValuationinbillionU.S.dollars0123456BackMarket(France)RELEX(Finland)5.75.7Vinted(Lithuania)Mirakl(France)4.533.53.5GoStudent(Austria)ManoMano(France)NuComGroup(Germany)BlaBlaCar(France)Ankorstore(France)VestiaireCollective(France)Gymshark(UK)2.62.221.981.71.451.41.381.251.24Deliverect(Belgium)Veepee(France)Flipdish(Ireland)BrewDog(UK)20Description:Backmarket,aFrenchmarketplace,wasthemostvaluablee-commerceanddirect-to-consumerunicorninEuropeasofDecember2023.Theplatformforrefurbishedconsumerelectronicswasworth5.7billionU.S.dollars.Twootherstartupscompletedthepodium:RELEXandVinted,estimatedat5.7billionand4.5billiondollars,respectively.ReadmoreNote(s):Europe;asofDecember2023Source(s):CBInsightsEmergingB2Be-commercestartupcompaniesbasedinEuropeasofMay2022,bytotalfunding(inmillionU.S.dollars)B2Be-commercestartupsbasedinEurope2022,byfundingDisclosedfunding*inmillionU.S.dollars050100150200250300350400450Ankorstore(France)Choco(Germany)Akeneo(France)423275197Wasoko(Denmark)Everphone(Germany)Foodles(France)15210547Lendis(Germany)CollectivFood(UK)Tracktor(France)34221817MegaLoop(Germany)21Description:AlthoughGermanyhostsmostoftheemergingB2Be-commercecompaniesbasedinEurope,theFrenchwholesalemarketplaceAnkorstorehitthehighestfundingvalue,with423millionU.S.dollarsasofMay2022.BasedinPariswhereitwaslaunchedin2019,Ankorstoreconnectsretailersandindependentbrandsinover20countriesworldwide.ReadmoreNote(s):France,Germany,UnitedKingdom;asofMay2022Source(s):TracxnTechnologiesFundingroundsofB2Be-commercecompaniesheadquarteredinEuropebetweenNovember2022andMarch2023(in1,000euros)FundingroundsofB2Be-commercecompaniesheadquarteredinEurope2022-202370,00060,00060,00050,00040,00030,00020,00010,000035,00033,00018,500900300170Agriconomie(France)

October(France)Brigad(France)HectareAgritech*

BeamyLabs(Sweden)(UK)Grow-ID(Netherlands)WaandaGmbH(Germany)22Description:BetweenNovember2022andMarch2023,Frenche-commercecompaniesdominatedfundingactivityinthe(business-to-business)EuropeanB2Bsector.LatestfundingroundofthefintechstartupOctoberamountedto35millioneuros.Brigad,onlineplatformforemploymentinthehospitalitysector,followedwith33millioneuros.AgritechmarketplaceAgriconomieoutrankedotherplayers,asitslatestfundingroundwasworth60millioneuros.ReadmoreNote(s):Europe;*ConvertedfromBritishpoundsReadmoreSource(s):AdevintaASA;Dealroom.coFinancialinvestmentsinstartupsinGermanyin2022and2023,bysector(inmillioneuros)FinancialinvestmentsinstartupsGermany2022and2023Investmentcapitalmillioneuros2023

20221,50005001,0002,0002,5003,0003,5002,012Softwareandanalytics3,2449981,052EnergyE-commerceMobilityFintech/insurtech6336355384994451,3471,324HealthHardwareProptechClimatetech/Greentech/CleantechRecruitment8982865011672331548511785Education975343Agtech23Description:In2023,almostonebillioneuroswasinvestedintoenergystartupsinGermany.Themostamountofmoney,aroundtwobillionyears,wasinvestedinsoftwareandanalyticsstartpus.Overalltherewaslessmoneyinvestedinstartupsin2023comparedtothepreviousyear.ReadmoreNote(s):Germany;2022and2023Source(s):EYFundingofleadinge-commercecompaniesinGermanyasofDecember2022(inmillionU.S.dollars)Fundsraisedbymajore-commercestartupsinGermany20221,4001,3001,2001,0008006004002000886.2749.59087.7798.32.7GorillasGetYourGuideFoodpandaProductsupLimehomeGlobalSavingsGroup35upLiSA24Description:ThequickcommercecompanyGorillaswasoneofthebest-fundedprivatecompaniesinoperationinGermanyasofDecember2022.TheBerlin-basedplatform,recentlyacquiredbyitsTurkishcompetitor,Getir,accumulated1.3billionU.S.dollarsininvestments.GetYourGuide,inturn,hasraisedcapitalforover886milliondollars.ReadmoreNote(s):Germany;asofDecember12,2022Source(s):CrunchBaseFundingofleadinge-commercecompaniesintheUnitedKingdomasofDecember2022(inmillionU.S.dollars)Fundsraisedbymajore-commercestartupsintheUK20222,0001,8001,8001,6001,4001,2001,000800600400245.3136.9200105.671.941.812.20.610CGymsharkMADEDepopOmetriaUpstreamAntavoEnterpriseLoyaltyCloudEmperia25Description:TheonlinepaymentsplatformCisoneofthemostfundede-commercecompaniesintheUnitedKingdom.AsofDecember2022,thecompanyhadobtained1.8billionU.S.dollarsininvestments.FitnessapparelonlineretailerbasedinSolihull,Gymshark,followedwithover245millionU.S.dollars.ReadmoreNote(s):UnitedKingdom;asofDecember12,2022;activeprivatecompanieswithheadquartersinthecountrySource(s):CrunchBaseFundingofleadingonlinefood,grocery,andrestaurantdeliverycompaniesinSpainasofNovember2022(inmillionU.S.dollars)FundsraisedbySpanishonlinefooddeliverystartups20221,4001,2001,2001,00080060040020005.35.13.61.4GlovoMox*Wetaca*Deliberry*Fotawa26Description:Glovoishandsdownthebest-fundedSpanishonlinefooddeliverystartup.AsofNovember2022,thecompanyhadaccumulated1.2billionU.S.dollarsincapitalraised.Last-mileurbandeliverytechnologyserviceMoxandfoodtechcompanyWetacaeachreceivedmorethanfivemilliondollarsininvestments.Foritspart,onlinesupermarketDeliberryraisedmorethan3.6milliondollars.ReadmoreNote(s):Spain;November30,2022;digitalcompanieswithheadquartersinthecountry**;*FiguresconvertedfromeurostoU.S.dollarsattheexchangerateofNovember30,2022.**Activedigitalcompaniesintheonlinefood,grocery,and[...]

ReadmoreSource(s):CrunchBaseLeadingonlinefood,grocery,andrestaurantdeliverycompaniesbasedintheNetherlandsasofMarch2023,byfunding(in1,000seuros)FundsraisedbyDutchonlinefooddeliverystartups2023Fundinginthousandeuros0100,000200,000300,000400,000500,000600,000700,000800,000900,0001,000,000950,000PicnicBistroo*10,700SOUS

445GonnaOrder

150Satelleat

50827Description:Picnic,aDutchstartup,toppedthelistforonlinefooddeliveryfundingasofMarch2023.Capitalraisedbytheonlinesupermarkettotaled950millioneurosoutdoingothercompetitors.Rankingsecond,Bistrooreceivedaroundelevenmilliondollarsininvestments,followedbySOUSwithapproximately445,000euros.TheNetherlandshasexperiencedasteadyexpansionoftheonlinefooddeliverymarketinrecentyears.PredictionssuggestthattheDutchfooddeliverymarketwillsurpass10[...]

ReadmoreNote(s):Netherlands;March3,2023;*FiguresconvertedfromU.S.dollarstoeurosattheexchangerateofMarch3,2023.**Activedigitalcompaniesintheonlinefood,grocery,andrestaurantdeliverysector.Thepublicationdateisthedateof[...]

ReadmoreSource(s):CrunchBaseCHAPTER

04AsiaMostvaluede-commerceanddirect-to-consumerunicornsinChinaasofOctober2022(inbillionU.S.dollars)Highestvaluede-commercestartupcompaniesinChina2022ValuationinbillionU.S.dollars40

6002080100100120SHEINXiaohongshuXingshengSelectedChehaoduo201210Ziroom6.6Lianjia5.77MiaoshouDoctorSouCheHoldingsTHuiMin4.2532229Description:SHEIN,anonlinefashionplatformfoundedinNanjingin2008,isthehighestvaluede-commerceanddirect-to-consumerunicorninChina.AsofOctober2022,thecompany'svaluewasestimatedat100billionU.S.dollars.AlongwithXiaohongshu,XingshengSelected,andChehaoduo,theyaretheonlyChinesee-commercestartupsthathaveachieved'decacorn'status,i.e.unicornsworth10billiondollarsormore.

ReadmoreNote(s):China;October2022Source(s):CBInsightsBreakdownofleadingindustriesofunicornsinChinain2023IndustrydistributionofChineseunicorns202312%11%10%8%6%4%2%0%9%8%7%7%ArtificialintelligenceSemiconductorsE-commerceHealth-techNewenergy30Description:In2023,aroundsevenpercentofChineseunicornswereinthehealth-techindustry.ExamplesincludedShanghaiUnitedImagingandTencent'sWeDoctor.Accordingtotheranking,DouyinwasChina'shighestvaluedunicorn,withamarketvalueof1.38trillionyuan.ReadmoreNote(s):China;2023Source(s):HurunResearchInstituteMostvaluede-commerceanddirect-to-consumerunicornsinIndiaasofOctober2023(inbillionU.S.dollars)Highestvaluede-commercestartupcompaniesinIndia2023ValuationinbillionU.S.dollars0123456OfBusinessLenskartMeesho54.53.53.5FirstCryCars243.3Udaan3.1Infra.MarketUrbanCompanySpinny2.52.11.75RebelFoodsZepto1.41.41.4boATCarDekho1.231Description:OfBusiness,anonlinee-commerceplatformforrawmaterials,wasoneofthemostvaluedIndianunicornsasofOctober2023.ThecompanybasedinGurugramwasestimatedatfivebillionU.S.dollars.Incontrast,LenskarthadavaluationofoverfourbillionU.S.dollarsduringthesameyear.ReadmoreNote(s):India;October2023Source(s):CBInsightsValueofprivateequityandventurecapitaldealsinsocialcommercespaceinIndiain2022,bycompany(inmillionU.S.dollars)ValueofPE/VCdealsinsocialcommerceIndia2022,bycompany900805800700600500400300200200100016510075VerseInnovationInstoriedResearchLabsMeraboLabsMohallaTechSolvyTechSolutions32Description:ThesocialcommercecompanyVerseInnovation,receivedthehighestfundingofover800millionU.S.dollarsinthesectorin2022.InstoriedResearchLabs,anaugmentedwritingplatformhadthesecondhighestfundinginthesocialcommercesectorthatyear.ReadmoreNote(s):India;2022Source(s):EY;Reuters;VentureIntelligenceLeadingunicorncompaniesinSouthKoreaasofDecember2023,basedonvaluation(inbillionU.S.dollars)MostvaluedunicorncompaniesinSouthKorea2023ValuationinbillionU.S.dollars012345678Toss(Fintech)YelloMobile(Mobile/telecom)Kurly(Supplychain/logistics/delivery)MUSINSA(E-commerce)743.32.76Tridge(Food)2.7WEMAKEPRICE(E-commerce)ZigBang(Mobile/telecom)2.341.93MEGAZONE(Internetsoftware&services)SHIFTUP(Gamedevelopment)Bucketplace(E-commerce)RIDI(E-commerce)1.831.471.41.331.32GPclub(Cosmetics)L&PCosmetic(Consumer&retail)Yanolja(Travel)IGAWorks(Internetsoftware&services)1.191133Description:AsofDecember2023,fintechcompanyTosswasthehighestvaluedunicorncompanyinSouthKoreawithavaluationofaboutsevenbillionU.S.dollars.YelloMobilefollowedwithavaluationofaroundfourbilliondollars.ReadmoreNote(s):SouthKorea;December2023Source(s):CBInsightsNumberofstartupsinThailandasofJanuary2024,bysectorNumberofstartupsThailand2024,bysectorNumberofstartups05101520253035FinTechBusinesssolutionsE-commerceEducationtechFood3328272120Realestate19OnlineServiceMarketingtechHealthcare171515Travel14MarketplaceDigitalmediaTransportation11101034/statistics/1343662/thailand-number-of-startups-by-sectorAsofJanuary2024,therewere33financialtechnology(FinTech)startupsinThailand,thehighestnumberamongindustriesforstartups.Thiswasfollowedrespectivelybybusinesssolutions,e-commerce,educationtech,andrealestatestartups.

ReadmoreNote(s):Thailand;January2024Source(s):TechsauceVolumeofe-commercestartupdealsinThailandfrom2019toAugust2023E-commercestartupdealsvolumeThailand2019-202318161412101711986420702019202020212022202335Description:AsofAugust2023,therewerenoe-commercestartupdealsinThailanddespitethesevendealsbeingclosedinthepreviousyear.Inthesameperiod,thevalueofstartupfundinginthecountryreachedaround76millionU.S.dollars.However,itisimportanttonotethate-commerceandfintechdominatewiththehighestnumberofstartupdealsinthecountry.Thedecreaseine-commercedealsin2023couldstemfromretreatingmarketconditions.ReadmoreNote(s):Thailand;2019toAugust2023Source(s):BCG;TechinAsiaCHAPTER

05AfricaNumberoffundede-commerceandretailtechstartupsinAfricafrom2019to2023Fundede-commerceandretailtechstartupsinAfrica2019-20238070607470555040302010046312019202020212022202337Description:In2023,46e-commerceandretailtechstart-upsinAfricasecuredfunding,dropping37.8percentcomparedtothepreviousyear.Together,theseventuresraisednearly118.4millionU.S.dollarsinfunds.E-commerceandretailtechnologystart-upsconcentratedaround11.3percentofthetotalnumberoffundedtechstart-upsinAfricain2023.ReadmoreNote(s):Africa;2019to2023Source(s):DisruptAfricaDistributionoffundedtechstartupsinAfricain2023,bysectorDistributionoftechstartupsthatraisedfundinginAfrica2023,bysectorShareinthetotalnumberoffundedstartups0%5%10%15%20%25%30%35%FintechE-commerceandretailtechE-health31.5%11.3%10.1%Logistics6.9%Agri-techEd-tech5.9%5.7%EnergyTransport4.9%3.9%RecruitmentandHRAI3%2%1.7%1.7%1.5%1.5%Prop-TechEntertainmentMarketingAuto-TechOther8.4%38Description:FintechconcentratedthehighestnumberoffundedstartupsinAfricaasof2023.Ofthetotal406startupsthatraisedfundinginthecontinentthatyear,around31.5percentwereinthesectoroffinancialtechnology.Thisrepresents128compani