ShopUp, Bangladesh’s leading full-stack B2B commerce platform for small businesses has made it to CB Insights‘ prestigious 100 most promising private retail tech companies in the world.
The Retail Tech 100 is CB Insights’ annual list of the 100 most promising global private retail tech companies and this year’s winners are using technology to help retailers create more connected and personalized experiences and drive efficiency and profitability.
“This year’s Retail Tech 100 was more competitive than ever. Winners include early and mid-stage companies who are modernizing across areas such as store tech, e-commerce, loyalty & rewards, supply chain & logistics, and digital engagement,” said Brian Lee, SVP of CB Insights’ Intelligence Unit. “Through their efforts, this innovative cohort is empowering retailers with the technology to create more connected and personalized experiences, drive efficiencies, and improve profitability.”
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Utilizing the CB Insights platform, the research team selected these 100 winners from a pool of over 7,000 private companies, including applicants and nominees. They were chosen based on factors including R&D activity, proprietary Mosaic scores, market potential, business relationships, investor profile, news sentiment analysis, competitive landscape, team strength, and tech novelty. The research team also reviewed hundreds of Analyst Briefings submitted by applicants. ShopUp is included as one of ten startups in the ‘Omnichannel Retail Operations & Analytics’ category.
Quick facts on the 2023 Retail Tech 100:
- Equity Funding and Deals: The Retail Tech 100 cohort has raised over $5B in equity funding across more than 500 deals since the start of 2019. In 2022 alone, winners raised over $3.1B across 106 deals.
- Global Reach: This year’s winners come from 20 different countries. Fifty-six of the selected companies are headquartered in the US. The United Kingdom comes in second with 6 and China and Australia are tied for third with 5 companies each.
- Top Investors: Insight Partners is the top investor in this year’s list. It has invested in 8 of this year’s winners since 2019. Tiger Global is close behind with 7 companies, followed by Accel with 5.
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