Top 10 eCommerce Companies in the World 2018

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6. SHOPIFY

Shopify was founded by Tobias Lütke, Scott Lake and Daniel Weinand.


Image: flickr.com/photos/opengridscheduler/

It is a Canadian ecommerce company having its headquarter in Ottawa, Ontario. This company is having more than 6 lakh merchants using its platform and shopify has been able to achieve Gross Merchandise value of $55 billion.

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The founders of Shopify firstly attempt to open online store for Snowboarding equipment’s and this startup was named as Snowdevil but they were unsatisfied with existing ecommerce products in the market which lead them to launch their own ecommerce platform known as Shopify. In 2009 they launched Shopify app store and API platform which can be used by developers to develop apps for online stores and sell those on Shopify app store. The app lets their online store owners to manage their stores using their mobile devices. Shopify has also been named as Ottawa’s fastest growing ecommerce company by Ottawa business journal in year 2010. The company then launched a Shopify payments platform which allowed consumers to pay directly through credit cards without requiring a third party payment gateway. The company went public in the year 2015 and was able to raise more than $131 million. Amazon.com announced the closure of its Amazon webstore services for its merchant and chose Shopify as a preferred migration provider and also, Amazon integrated with Shopify which allowed Shopify merchants to sell on Amazon from their Shopify store. This exercise actually helped Shopify in increasing their stock value by almost 10%.

Revenues (B$): 6.73

Growth Rate: 73%



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