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Retail Shopping Cart Platforms sector

Strategic acquirers, private equity (buyout funds and growth funds) firms, and valuation benchmarks for Retail Shopping Cart Platforms

1.1 - About Retail Shopping Cart Platforms sector

Companies in the Retail Shopping Cart Platforms category build the checkout and cart layer for online retailers, enabling seamless product selection, price calculation, and secure transaction completion. They deliver configurable checkout experiences, integrate with payment gateways and fraud tools, and connect carts to inventory and order systems. The result is faster, more reliable purchases that reduce abandonment and support omnichannel commerce at scale.

Vendors typically provide checkout orchestration with dynamic payment routing, prebuilt gateway connectors, and tokenization. They embed tax calculation and real‑time shipping rates, support coupons, bundles, and subscriptions, and automate abandoned‑cart recovery through email and push. Fraud screening with 3D Secure and PSD2/SCA compliance is common. Headless APIs and SDKs enable custom front ends and integrate with OMS, ERP, POS, and analytics for unified order and customer data.

They serve DTC brands, mid‑market and enterprise online retailers, and omnichannel chains seeking to improve checkout performance. Outcomes include higher conversion rates, lower cart abandonment, increased average order value through upsell and cross‑sell, and faster, compliant payments across regions and devices. These platforms also reduce operational friction by standardizing integrations, enabling faster rollout of new payment methods and promotions while supporting scalable, global e‑commerce growth.

2. Buyers in the Retail Shopping Cart Platforms sector

2.1 Top strategic acquirers of Retail Shopping Cart Platforms companies

Shopify Logo

Shopify

HQ: Canada Website
  • Description: Provider of an ecommerce platform that lets entrepreneurs start selling online through a free trial and offers tools—such as themes, templates, and an admin dashboard—to build websites, add pages, and manage every step of starting, running, and growing a business.
  • Key Products:
  • Shopify Ecommerce Platform: Enables merchants to add services as product listings, disable shipping, set pricing tiers and variants, and publish offerings for purchase
  • Shopify Admin Products Section: Dashboard feature where store owners click “Add product,” input service details, uncheck physical shipping, and manage variants for different service lengths or options
  • Shopify App Store: Marketplace supplying booking and appointment applications that integrate calendars and provide advanced scheduling and management for service-based businesses
  • Shopify Payment Settings: Built-in payment processing that handles service transactions like products, supporting various payment methods configured directly within Shopify.
  • Company type: Private company
  • Employees: ●●●●●
  • Total funding raised: $●●●m
  • Backers: ●●●●●●●●●●
  • Acquisitions: ●●
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2.2 - Strategic buyer groups for Retail Shopping Cart Platforms sector

M&A buyer group 1: E-Commerce Payment Solutions

24 companies View group →
Description: Companies in the Retail E‑Commerce Payment Platforms category build and operate software and infrastructure that power online checkout, authorization, and settlement for retail merchants and marketplaces. They aggregate payment methods, connect to multiple processors and acquirers, and manage risk and compliance to maximize approvals and minimize fraud. The value proposition centers on higher conversion, lower costs, global reach, and reliable, scalable payments operations.
Bottomline

Bottomline

Website HQ: United States
  • Type: N/A
  • Employees: ●●●●●
  • Description: Provider of payment automation, digital banking and financial messaging solutions that help businesses and financial institutions worldwide digitize invoice-to-payment workflows, connect to global networks, prevent fraud and manage cash through APIs, partner ecosystems and a secure B2B payments network.
  • Key Products:
  • Corporate Payments & Cash Management: Platform that modernizes B2B payments for banks and enterprises, moving trillions annually with secure, comprehensive functionality that accelerates payables and receivables
  • Global Cash Management: Solution giving businesses worldwide visibility and control over multi-currency cash positions, liquidity and treasury operations to drive smarter funding decisions
  • Invoice & Transactional Document Automation: Tool that automates creation, processing and delivery of invoices and related documents, cutting manual effort and accelerating straight-through processing
  • Financial Fraud Prevention & Payments Compliance: Technology that safeguards transactions, detects suspicious activity and ensures adherence to evolving regulations, protecting institutions from fraud and compliance penalties.
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Key Products: ████████, ████████, ████████, ████████
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Buyer group 3: ████████ ████████

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Key Products: ████████, ████████, ████████, ████████
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3. Investors and private equity firms in Retail Shopping Cart Platforms sector

3.1 - Buyout funds in the Retail Shopping Cart Platforms sector

Buyout Funds investing in Retail Shopping Cart Platforms companies

51+ funds
Description: Buyout funds focused on Retail Shopping Cart Platforms companies globally.

Vista Equity Partners

Website HQ: United States
  • Type: Buyout
  • Fund Size: $●●●m
  • Investment Range: $●●-●●●m
  • Focus: Technology companies in Retail Shopping Cart Platforms
  • Relevant M&A transactions / similar portfolio companies:
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2.2 - Strategic buyer groups for Retail Shopping Cart Platforms sector

Growth Equity Funds in Retail Shopping Cart Platforms companies

41+ funds
Description: Growth equity funds focused on Retail Shopping Cart Platforms companies globally.

Partech

Website HQ: France
  • Type: Growth
  • Fund Size: $●●●m
  • Investment Range: $●●-●●●m
  • Focus: High-growth companies in Retail Shopping Cart Platforms
  • Relevant investments / similar portfolio companies:
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4 - Top valuation comps for Retail Shopping Cart Platforms companies

4.2 - Public trading comparable groups for Retail Shopping Cart Platforms sector

Valuation benchmark group 1: E-commerce Platform Software Providers

3 companies View group →
Description: These public software providers deliver cloud-based e-commerce platforms that enable merchants to build and manage online stores, run omnichannel operations, and process payments. Revenue models blend subscriptions with transaction-based merchant services, including payments and POS. They are grouped as comparables because they target similar end markets with integrated commerce stacks, monetize GMV, and exhibit SaaS and payments economics relevant for valuation benchmarking.
Shopify logo

Shopify

  • Enterprise value: $●●●m
  • Market Cap: $●●●m
  • EV/Revenue: ●.●x
  • EV/EBITDA: ●●.●x
  • Description: Provider of a commerce platform and services enabling businesses to create online stores and manage sales, orders, and inventory across multiple channels including e-commerce websites, social media, and physical retail locations.
  • Key Products:
  • Online Storefront: Create and customize online stores with various themes and tools
  • Shopify POS: Manage sales and inventory in physical retail locations with point-of-sale hardware and software
  • Shopify Payments: Integrated payment processing services for online and offline sales
  • Shopify Shipping: Tools and discounts for managing shipping and fulfillment
  • Shopify Capital: Access to funding and financial services for business growth.
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Revenue growth
Median
15.7%
2025E
16.0%
2026E
EBITDA margin
Median
28.2%
2025E
28.6%
2026E
Cash EBITDA margin
Median
27.6%
2025E
28.0%
2026E
EV/Revenue
Median
8.4x
2025E
6.8x
2026E
EV/EBITDA
Median
28.9x
2025E
24.4x
2026E
EV/Cash EBITDA
Median
29.0x
2025E
25.5x
2026E
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4.3 - M&A Transactions in the Retail Shopping Cart Platforms sector

Selected M&A transactions

Date Target Description Buyer(s) Relevance EV EV/Revenue EV/EBITDA
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Frequently Asked Questions

Buyers & Acquirers in Retail Shopping Cart Platforms sector

Who are the top strategic acquirers of Retail Shopping Cart Platforms companies?

Top strategic buyers in this sector include Shopify, a provider of an ecommerce platform that lets entrepreneurs start selling online through a free trial and offers tools—such as themes, templates, and an admin dashboard—to build websites, add pages, and manage every step of starting, running, and growing a business. .

Which buyer groups are most relevant for Retail Shopping Cart Platforms companies?

Relevant strategic buyer groups similar to the Retail Shopping Cart Platforms sector include E-Commerce Payment Solutions because they share similar customer segments and product capabilities.

Financial Investors in Retail Shopping Cart Platforms sector

Which are the top PE firms investing in Retail Shopping Cart Platforms companies?

Potential investors in the broader Retail Shopping Cart Platforms space include Partech and Vista Equity Partners.

Who are the top buyout funds acquiring Retail Shopping Cart Platforms companies?

Active PE funds and buyout funds acquiring companies in the Retail Shopping Cart Platforms space include Vista Equity Partners.

Who are the top growth equity funds investing in Retail Shopping Cart Platforms companies?

Growth funds investing in the broader Retail Shopping Cart Platforms sector include Partech.

Valuation of Companies in Retail Shopping Cart Platforms sector

Which are the key public companies that are relevant trading comps for Retail Shopping Cart Platforms companies?

Key trading comparable groups include Shopify, a provider of a commerce platform and services enabling businesses to create online stores and manage sales, orders, and inventory across multiple channels including e-commerce websites, social media, and physical retail locations..

Which are the key trading comparable groups for Retail Shopping Cart Platforms companies?

Similar trading comparable companies include E-commerce Platform Software Providers. Our platform tracks detailed trading comparable groups in the Retail Shopping Cart Platforms sector with complete valuation multiples, growth metrics, and profitability data. Access the full database to benchmark your company against relevant public comparables.

What are recent M&A transactions in the Retail Shopping Cart Platforms sector?

Our platform tracks M&A transactions in the Retail Shopping Cart Platforms sector with complete deal terms, valuation multiples, and strategic rationale. Access the full database to benchmark pricing and identify active acquirers.

What are recent capital raises and funding rounds in Retail Shopping Cart Platforms?

Access recent funding rounds in the Retail Shopping Cart Platforms sector including growth equity, venture capital, and buyout investments. Our database includes round size, lead investors, valuations, and use of proceeds.

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