10 Fast-Growing Ecommerce Startups
What are the fast-growing eCommerce startups of 2022? CEO Ram Tumuluri says that “People are becoming more technology-friendly as the internet and smartphones become more widely available, and almost everyone owns one. They are also turning to technology to solve their daily tasks, including shopping. In addition, many businesses are recognising consumer needs and working to provide them with the benefits of online shopping in a wide range of categories. In this article, let’s look at some of the top startups taking the e-commerce market by storm.”
OnBuy
Founded in 2016, OnBuy is an online eCommerce marketplace. The company claims to prioritise the success of its customers and retailers, abstaining from any selling themselves, and offers safe transactions, competitive prices, and a wide range of products.
HungryPanda
HungryPanda is a food delivery service that specializes in Chinese cuisine and groceries. Their primary target audience consists of approximately 50 million Chinese people and students living abroad.
Leaflink
LeafLink is a wholesale cannabis eCommerce startup that caters to B2-B retail customers. Their eCommerce marketplace, which they claim covers more than 30% of the wholesale cannabis market in the United States, assists retailers and brands in streamlining their operations.
Klarna
Klarna’s payment software enables online merchants to offer their customers the option of paying in installments. The Swedish startup, which is now worth more than $45 billion, raised $639 million in mid-June, establishing it as Europe’s leading “unicorn” company in the fintech space.
Lunya
Lunya designs modern sleepwear and loungewear for women. Founded by Ashley Merrill, the company has a $25 million annual revenue after noticing how few appropriate sleep options were available for women.
Cazoo
Cazoo is an online substitute for buying used cars that offers a detailed vehicle inspection process as well as home delivery. Over two 2020 funding rounds, the eCommerce startup from the United Kingdom raised more than $400 million in less than a year.
Jungle Scout
Jungle Scout is an eCommerce platform that assists entrepreneurs with selling products on Amazon. Customers can use their platform to manage inventory, conduct product research, find suppliers, and more.
Hawkers
Founded by Saldum Ventures, Hawkers is an eCommerce sunglasses brand. In order to compete with companies such as Oakley and Ray-Ban, the company’s primary forms of marketing and promotion are social media, word-of-mouth, and celebrity collaboration.
Nykaa
Nykaa is an online beauty startup based in Mumbai. The company offers millions of customers a budget for high-end beauty and wellness products, as well as a beauty community and helpline, among other things.
Misty Robotics
Misty Robotics sells personal robots that users can program to teach coding skills. For example, Misty II robots can be programmed to complete tasks, communicate, display personality, and recognize faces, among other things.