The eCommerce industry continues to evolve with new companies emerging to redefine the shopping experience. These innovators leverage technologies across various domains, including shopping personalizations, conversational commerce, investment analytics, and finance management. From AI-driven personalization engines that tailor the shopping journey for every user to sophisticated conversational commerce platforms facilitating seamless customer interactions, these new eCommerce companies stand at the forefront of innovation. Continue reading to gain up-to-date and data-driven insights on:
Key Takeaways
Drawing insights from the Big Data & AI-powered StartUs Insights Discovery Platform that provides data on over 4.7+ million emerging companies globally, we explore the evolving landscape of the eCommerce industry. This sector is marked by key trends and a substantial workforce, shaping its future. Here are some key insights at a glance:
- Current eCommerce Trends: A few of the latest eCommerce trends include AI, big data, blockchain, cloud computing, and virtual assistants.
- eCommerce Industry Statistics: The eCommerce industry encompasses 359K+ organizations and has an 18.4 million workforce. It is experiencing a growth of 3.65% annual growth rate but has seen the emergence of 64K+ new eCommerce companies in the past five years.
- 10 New eCommerce Companies to Watch:
- Ectaro – Finance Management Software
- Plugo – All-in-One eCommerce Management
- Quantacap – Automated Investment Analysis
- Adara – Smart Shopping Personalization
- CartUp AI – Conversational Commerce
- Bark AI – eCommerce Operation Cloud
- Simplisales – No-code eCommerce Platform
- Dyver – Automated Backend Operations
- VetrinaLive – Zero Transaction Fee Platform
- Dispense – eCommerce for Dispensaries
Discover 10 out of 64K+ Emerging eCommerce Companies
In this section, we highlight 10 emerging eCommerce technologies focusing on shopping personalizations, conversational commerce, investment analytics, and finance management. These firms utilize mixed reality, machine learning, and advanced data analytics to elevate shopping experiences, streamline customer interactions, optimize investment decisions, and simplify financial operations. They employ state-of-the-art algorithms and innovative software solutions to increase precision, boost user satisfaction, and enhance decision-making processes.
Note on Signal Strength
One of the unique metrics we feature for each company is Signal Strength, a proprietary data point generated by our Discovery Platform. It gauges the extent to which a company’s influence has permeated the global ecosystem of startups, scaleups, and emerging companies. This proprietary metric serves as a valuable guidepost for understanding a company’s standing in the broader market landscape.
1. Ectaro
- Founding Year: 2023
- Employee Range: 11-50
- Location: Netherlands
- Signal Strength: Very Strong
- What they do: Ectaro specializes in all-in-one e-commerce management software that increases efficiency, streamlines operations and achieves growth. Its eCommerce finance software tracks expenses, revenue, and profits in real time, allowing users to make informed business decisions. This reduces the risk of errors and delays associated with manual tracking and provides a clear view of the company’s financial health. Ectaro’s software allows users to create and send invoices to customers quickly and easily. This streamlines and automates the invoicing process, which reduces the risk of errors and ensures a timely and solid invoicing system. Further, the software’s reporting features allow businesses to see their financial data in a variety of formats, including charts and graphs.
2. Plugo
- Founding Year: 2022
- Employee Range: 11-50
- Location: Indonesia
- Signal Strength: Very Strong
- What they do: Plugo offers a comprehensive e-commerce platform to support online businesses in achieving seamless growth through its online store, omnichannel, and point-of-sale solutions. PlugoStore enables businesses to create a customized, ready-to-use website with features of an order management system, payment gateway, and logistic integrations, alongside a selection of e-commerce website templates. PlugoSync integrates multiple marketplaces and online store websites to manage inventory and sales from a single platform. PlugoPOS integrates seamlessly with PlugoStore, allowing for efficient management of in-store and online sales, inventory, and customer engagement. These tools collectively offer a unified platform for managing sales, inventory, and customer interactions across both online and offline channels.
3. Quantacap
- Founding Year: 2023
- Employee Range: 2-10
- Location: UK
- Signal Strength: Medium
- What they do: Quantacap performs the merger & acquisitions (M&A) due diligence process for eCommerce businesses by leveraging AI-powered automation to deliver insights faster than traditional methods. The platform automates the extraction and analysis of transaction data and supplier invoices, utilizing proprietary algorithms to construct a comprehensive business P&L and generate investment insights. It offers a multi-channel view by combining data from various marketplaces without needing access to seller accounts, and it conducts a detailed risk analysis focusing on declining sales, high refund rates, and stock shortages. Quantacap’s solution includes product portfolio analysis using machine learning, customer analysis with cohort-level metrics, and inventory adequacy forecasting. This approach also enhances decision-making for eCommerce investors and business owners.
4. Adara
- Founding Year: 2021
- Employee Range: 2-10
- Location: Chile
- Signal Strength: Strong
- What they do: Adara enhances e-commerce platforms with AI-driven solutions, focusing on increasing sales and automating processes. The company’s products include MetaMind, which automates product tagging, and Smart Personalization, an application designed to deliver personalized product recommendations to customers. Smart Personalization understands each customer’s unique fashion preferences through purchases and social media activity, classifying products into numerous attributes using image recognition. It then matches these products with customer preferences to boost conversion rates. This solution ensures privacy-friendly personalization. Adara makes every customer’s shopping experience highly relevant and engaging, increasing sales for e-commerce stores.
5. CartUp AI
- Founding Year: 2021
- Employee Range: 11-50
- Location: USA
- Signal Strength: Very Strong
- What they do: CartUp AI improves eCommerce with its advanced shopping agent, designed to unify brands across all channels and enhance the shopping experience from discovery to post-purchase support. The platform leverages generative AI to provide personalized, optimized, and synchronized digital customer experiences, significantly improving engagement and conversion rates. CartUp AI’s discovery services accelerate the transition to personalization, integrating with major eCommerce platforms and utilizing first-party data for real-time, in-session personalization. Additionally, CartUp AI’s conversational commerce solution, powered by ChatGPT, enables B2C and B2B organizations to offer engaging eCommerce experiences. It connects shoppers with products through natural language interactions and drives sales through intent-aware personalization.
6. Bark AI
- Founding Year: 2022
- Employee Range: 11-50
- Location: Israel
- Signal Strength: Very Strong
- What they do: Bark AI provides an eCommerce operation cloud, a platform that eliminates the guesswork in commerce by integrating and analyzing data from store, inventory, and marketing platforms. This AI-driven system offers tools like product analyzer, demand management, profit forecaster, and benchmarker to optimize e-commerce operations. The product analyzer provides real-time updates on prices, inventory levels, and marketing campaigns, ensuring strategies adapt instantly to market conditions. Demand management aligns product availability with market demand, optimizing inventory efficiency. The profit forecaster offers revenue and profit forecasts, enabling informed decision-making on campaigns and discounts. Bark AI’s platform streamlines business operations across sales, marketing, inventory, accounting, and delivery, offering out-of-the-box integrations with various tools to enhance efficiency and profitability.
7. Simplisales
- Founding Year: 2021
- Employee Range: 11-50
- Location: UK
- Signal Strength: Very Strong
- What they do: Simplisales offers a solution for wholesale businesses, enabling them to launch their own custom-branded B2B e-commerce app and website. This AI-powered platform simplifies the ordering process, allowing customers to place orders 24/7 from any device, integrating seamlessly with multiple ERP systems for efficient operation. Other features include offline mode for browsing and cart creation, multichannel e-commerce across Android, iOS, and web platforms, and AI-powered personalization for enhanced customer experiences. Simplisales also supports secure cloud servers, flexible payment options including credit card and digital wallets, and a variety of wholesale-friendly features like personalized price lists and exclusive discounts.
8. Dyver
- Founding Year: 2022
- Employee Range: 2-10
- Location: Romania
- Signal Strength: Very Strong
- What they do: Dyver offers a platform that speeds up the e-commerce backend operations, particularly in product description writing. This platform automates adding new products to e-commerce sites, allowing users to complete this task in under a few seconds. Dyver’s system mimics human product description writers, pulling information directly from producers’ websites and integrating supplier feeds to eliminate the time-consuming process of manual data entry. This process involves automated retrieval followed by human verification and editing, ensuring the accuracy and relevance of the content. Dyver’s intelligent cognitive automation tool also works with custom e-commerce platforms, reducing the time needed to complete product description forms, especially for technology products.
9. VetrinaLive
- Founding Year: 2020
- Employee Range: 11-50
- Location: Italy
- Signal Strength: Strong
- What they do: VetrinaLive offers an eCommerce platform to simplify the creation and expansion of online stores for a wide range of businesses. It offers a user-friendly interface that requires no coding skills and without transaction fees. The platform supports digital product sales, product availability, category management, order notifications, and customizable country and currency settings. VetrinaLive enables quick setup and features such as discounted pricing, product variations, custom domains, and delivery cost rules. Advanced features enhance the shopping experience with promotional packages, Facebook integration for chat and catalogs, various shop themes, and low-stock alerts. It also integrates with third-party apps like ShippyPro and Zapier, and offers multiple payment gateways including Klarna, PayPal, Stripe, and Razorpay. The company improves e-commerce operations, customer loyalty, and sales through comprehensive management, marketing, and analytics tools.
10. Dispense
- Founding Year: 2020
- Employee Range: 11-50
- Location: USA
- Signal Strength: Very Strong
- What they do: Dispense offers a comprehensive cannabis eCommerce and dispensary management software to streamline marketing and operational efforts for dispensaries. The platform enables dispensaries to capture and manage customer orders efficiently, offering tools for SEO, cart abandonment, loyalty integrations, and more to drive online orders. Dispense aids in managing orders from all sales channels, including kiosks, queues, time-slotting, and order assignments. It features integrations with POS systems, analytics, payment providers, and more. Dispense’s marketing solutions allow customization of the menu’s look and feel, ensuring brand consistency. Further, its operational tools include features for managing in-store customer flow and syncing orders to the same printer to streamline processes. It enables dispensaries of all sizes, from local stores to multi-state operators, to keep teams running efficiently, enhancing the customer experience and driving sales.
Tips to Quickly Find New eCommerce Companies
Utilizing a SaaS platform like the Discovery Platform for identifying new eCommerce companies provides significant benefits compared to traditional scouting methods:
- Streamlined Efficiency: The Discovery Platform offers advanced tools that streamline the scouting process. It replaces your hours of conventional desk research, saving time and resources in identifying eCommerce innovations.
- Access to Real-time Insights: Gain a competitive edge with up-to-date information on the latest trends in the eCommerce industry. The platform keeps you informed with near real-time updates on emerging eCommerce companies and news, enabling you to make swift and informed decisions.
- Precise Scouting: Customize your search to focus on specific niches within the eCommerce sector, such as smart personalizations, conversational commerce, or finance management. The platform’s diverse filtering options allow you to target your scouting efforts precisely, ensuring that you find the most relevant and groundbreaking companies in the field.
Ready to Explore All New eCommerce Companies?
This overview highlights just a few eCommerce solutions of all 64K+ new companies currently covered by the Discovery Platform. To explore them all, book a personalized demo or download one of our free Industry Innovation Reports for a quick overview.
