// SECTOR DOSSIER
Retail Unicorns
Every Retail unicorn we track — 39 private companies valued $1B or more, tiered by paper valuation. Combined balance sheet myth: $520B.
TIER 1 // APEX TARGETS
The Hectacorns $100B+ · 2
TIER 2 // PRIORITY TARGETS
The Decacorns $10B – $99B · 2
TIER 3 // STANDING HORDE
The Unicorn Herd $1B – $9.9B · 35
- HeyTea$9.3BCHINA
- Zalando$7BGERMANY
- Relex$5.68BFINLAND
- Lenskart$5BINDIA
- Quince$4.5BUNITED STATES
- Kurly$3.3BSOUTH KOREA
- TiendaNube$3.1BARGENTINA
- Veepee$3BFRANCE
- Paytm Mall$3BINDIA
- VANCL$3BCHINA
- Jia.com$3B
- Wayfair$2.5BUNITED STATES
- Trendy International Group$2B
- Sanpower Group$1.93BCHINA
- MedMen$1.65BUNITED STATES
- CureFit$1.56BINDIA
- Jet.com$1.5BUNITED STATES
- Suning Sports$1.47BCHINA
- GPClub$1.32BSOUTH KOREA
- Rohlik$1.2BCZECH REPUBLIC
- Gilt Groupe$1.15BUNITED STATES
- Trax$1.1BSINGAPORE
- ShopClues$1.1BINDIA
- Global Fashion Group$1.1BLUXEMBOURG
- Purplle$1.1BINDIA
- Jollychic$1BCHINA
- Fanli$1BCHINA
- Kopi Kenangan$1BINDONESIA
- Kendra Scott LLC$1BUNITED STATES
- Chubao Technology$1BCHINA
- Mia.com$1BCHINA
- Beibei$1BCHINA
- Zenoti$1BUNITED STATES
- MadeiraMadeira$1BBRAZIL
- Zulily$0B