Top 5 E-Commerce Startups Changing The Fashion Industry.
It is estimated that by 2020, almost 79 percent of all fashion buyers will be buying goods using their mobile devices. The numbers are staggering and to better prepare for what’s coming, many established companies are seeking to augment their business models with e-commerce platforms and smartphone apps.
There are many startups in the e-commerce race; however, we have selected for you five of the most creative and active early-stage startups, over the last few years.
In no particular order, here are our top 5 e-commerce startups, which get excited even the most cultured “stables of unicorns” in the world.
Top 5 E-commerce Startups Of 2016
Etsy operates a marketplace where people connect to sell and buy fashion-related goods. With a total funding of $361.3 million from Accel Partners, Acton Capital Partners, Albert Wenger, Breyer Capital, Caterina Fake, this startup is one of the most desired e-commerce platforms of 2015.
At the end of 204, December 31st, Etsy had 54 million registered members. Also, the online marketplace for handmade and vintage goods put in contact 19.8 million buyers with 1.4 million sellers. Same end of the year Etsy had 29 million items listed on its website, managed by its 685 employees.
Gemvara is an online shopping portal for custom designer necklaces, rings, and earrings to suit any style and budget. Offering more than 1.000 original designs from top international designers, Gemvara also lets the customer customise each piece online.
In 2015, Gemvara unveiled the “Stone Reset” service with the idea of changing the way consumers look at their jewellery. Through “Stone Reset” customers can send in a diamond, or any precious stone, to be reset into a new piece. Each reset piece is handcrafted by Gemvara’s stone-setters based on the customer’s specs.
So far, Gemvara has secured $51 million from Balderton Capital, Canaan Partners, Highland Capital Partners and Norwest Venture Partners, Gemvara.
ArtFlock is an online community where users can sell and buy original art and crafts and discover new artistic talents. The users can display or sell their art, and the visitors can buy the collections and hire artists. Visitors can also rate the products without having to register.
ArtFlock has premium but also free accounts for sellers, with the difference in the way the artist can leverage the ArtFlock community and earn money. The total funding of $15 million, from Bessemer Venture Partners, Catamount Ventures, Fidelity Ventures, and Shasta Ventures grants ArtFlock a well-deserved place in our top 5 e-commerce startups.
Pinkoi is Asia’s leading online marketplace for selling unique and original design goods. The e-commerce portal provides a community for independent designers and a platform to shop or sell creative and artistic goods.
While most of Pinkoi’s buyers are in Asia, the startup is using different methods to attract the European, American, Canadian and Australian customers too. To complete its English portal, the company has an international transfer service that forwards orders from multiple vendors to shoppers.
The total funding of $9 million from Cherubic Ventures, GMO Venture Partners and Sequoia Capital India helps Pinkoi reflects the massive potential this startup has.
DaWanda is a web-based marketplace where the users can buy and sell unique, customised and handmade fashion goods. It is also a fashion community where users interact, exchange ideas and much more.
This online marketplace for unique and handmade items is swimming against the waves of industrialised products. At the end of 2015, DaWanda had more than 300.000 active designers with over 5 million products on offer.
DaWanda also secured $4.7 million in funds from Holtzbrinck Ventures, Insight Venture Partners, Piton Capital and Vorwerk Direct Selling Ventures, enough to grant them a position in our “Top 5 E-Commerce Startups Changing The Fashion Industry.”
In conclusion, the e-commerce business is on the rise as a direct result of the mobile usage or, the consolidation of the smartphone era and the e-commerce seems to be the way forward. Without too much anticipation, the above mentioned 5e-commercee startups are going to change how the world buys and sells fashion, in the years to come, thus change the fashion industry as we know it.