How many total B2B E-Commerce companies are there?

As of Oct 2026, there are 17,530 active companies in B2B E-Commerce sector.

Which countries have the most B2B E-Commerce companies?

United States (4,488) has the highest number of B2B E-Commerce companies, followed by India (3,102) and United Kingdom (2,387).

How many B2B E-Commerce companies are funded?

As of Oct 2026, 2,699 companies in this sector have received funding.

Which company has raised the most funding in B2B E-Commerce sector?

As of Oct 2026, udaan has secured $2.7B in funding, making it the highest-funded company in the B2B E-Commerce sector.

Which country has attracted the most investment in B2B E-Commerce companies?

With $17.9B in total funding, United States has attracted the most investment among B2B E-Commerce companies.

Who are the top investors in B2B E-Commerce companies?

The top investors in B2B E-Commerce companies by number of investments are Europa, Y Combinator and Accel

How much venture capital has B2B E-Commerce sector attracted?

In the last 10 years, venture capital firms have invested $29.8B in this sector.

How many unicorns has B2B E-Commerce sector produced?

Globally, there are 31 unicorns in B2B E-Commerce sector, to date.

B2B E-Commerce - 2026 Market & Investments Trends

There are 20.5K companies in the B2B E-Commerce sector across the world, with 2.7K funded companies having collectively raised $63.4B in venture capital money and private equity. Overall 1.75K of these are Series A+ funded and the sector has seen the creation of 31 Unicorns.

B2B E-Commerce sector has seen 706 acquisitions and 548 IPOs. This represents almost 6.1% of all such companies - which is higher than the 4.0% exit rate of tech companies in general.

This sector includes b2B E-Commerce covers companies that enable businesses to buy goods and services from other businesses.

B2B E-Commerce sector is also known as Wholesale Ecommerce.

Companies included in B2B E-Commerce sector

Includes companies that operate as marketplaces, listing platforms, e-distributors or any other platforms that connect businesses for the exchange of goods and services. Also, includes companies that facilitate B2B E-Commerce by providing technology or software solutions.

Companies excluded in B2B E-Commerce sector

Does not cover companies that provide software solutions for SCM, business processes, manufacturers, healthcare companies, and offline players.

Key Metrics

Total Companies

20.5K

Top Companies

Shopify, IndiaMART & more

Total Funding

Funded Companies

Series A+ Companies

Series C+ Companies

Unicorns Created

IPOs

548

Acquisitions

706

Also known as

Wholesale Ecommerce

View complete details of this sector

The market map of B2B E-Commerce gives a visual overview of the sector, showing key business models, their interactions in the value chain, and industry evolution. Top 3 trending business models in B2B E-Commerce sector are Building Materials E-Commerce, Horizontal B2B Marketplaces and Industrial Tools and Components Marketplaces.

Recent BlueBox/Industry Definition image of B2B E-Commerce

Here are some reports related to B2B E-Commerce sector:

Free

B2B E-Commerce - Sector Report

Edition: September, 2026 (88 Pages)

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Edition: August, 2026 (52 Pages)

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Edition: August, 2026 (85 Pages)

View all reports related to B2B E-Commerce. Sign up today!

There are more than 20.5K companies in B2B E-Commerce. Shopify is the top B2B E-Commerce company globally, ranked using Tracxn Score (what's this?).

Here are 5 of the top B2B E-Commerce companies globally:

Company	Description	Location	Founded	Current Stage	Private Funding Raised
Shopify	Provider of an all-in-one commerce platform for businesses of all sizes	Ottawa (Canada)	2006	Public	$122M
IndiaMART	B2B marketplace platform connecting buyers and suppliers offering diverse industrial products	Noida (India)	1999	Public	$34.5M
Alibaba	Online marketplace connecting global buyers with manufacturers, suppliers, and exporters	United States	1999	Public	-
Faire	Online wholesale marketplace connecting retailers with brands to facilitate direct purchases	San Francisco (United States)	2017	Series I	$1.7B
Agrim	Operator of a digital marketplace for agricultural input supply procurement	Gurugram (India)	2020	Series B	$33.1M

Get a longer list of companies

Companies founded year-on-year in the B2B E-Commerce sector

301 new startups have been founded so far in 2026 in the B2B E-Commerce sector. 1,179 B2B E-Commerce startups were founded in 2020 - this is the most number of startups founded in any year in the last 10 years.

Total Number of Companies

Year	No. of companies
2026	301
2025	314
2024	330
2023	468
2022	653
2021	956
2020	1,179
2019	887
2018	865
2017	708

Companies founded across countries in the B2B E-Commerce sector

United States has 4,488 B2B E-Commerce startups, the most by any country, followed by India which has 3,102 startups and United Kingdom which has 2,387.

Total Number of Companies

Country	No. of companies
United States	4,488
India	3,102
United Kingdom	2,387
Germany	1,468
China	798
Canada	437
Australia	411
Netherlands	391
France	333
United Arab Emirates	294

Stage-wise distribution of the B2B E-Commerce sector

Out of the total 20,456 B2B E-Commerce companies, 2,699 have secured funding. Among them, 1,746 have reached Series A or higher, and 1,483 to Series B or beyond.

Founded - 20,456

Funded - 2,699

Series A+ - 1,746

Series B+ - 1,483

Series C+ - 1,358

Company Stage	No. of companies
Founded	20,456
Funded	2,699
Series A+	1,746
Series B+	1,483
Series C+	1,358

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20.5K+ Total Companies
$63.4B+ Total Funding
2.7K+ Funded Companies
545+ IPOs
705+ Acquisitions
65+ Reports

Total funding year-on-year in the B2B E-Commerce sector

The B2B E-Commerce sector saw a total funding of more than $48.1B in the last 10 years. The most amount of funding was in 2021 at more than $15.1B. There has been a total funding of $790M in 2026 till date.

Total Funding

Year	Total Funding
2026	$790M
2025	$1.83B
2024	$1.68B
2023	$3.49B
2022	$6.33B
2021	$15.1B
2020	$3.88B
2019	$5.85B
2018	$6.47B
2017	$2.72B

Total funding across countries in the B2B E-Commerce sector

In the last 10 years, B2B E-Commerce startups in United States have recieved the highest funding among all countries - $17.9B. India follows with $10.3B and China with $6.76B.

Total Funding

Country	Total Funding
United States	$17.9B
India	$10.3B
China	$6.76B
France	$1.83B
Germany	$1.33B
United Kingdom	$1.17B
Brazil	$913M
Netherlands	$673M
Canada	$501M
Indonesia	$417M

Total funding amount raised by stage in the B2B E-Commerce sector

Over the last 10 years, the B2B E-Commerce sector have seen $1.38B into Seed Stage funding rounds, $10.7B into Early Stage funding rounds and $21.8B go into Late Stage funding rounds.

Funding Stage	Total Funding
Late Stage	$21.8B
Early Stage	$10.7B
Debt	$10.2B
Seed Stage	$1.38B
Post IPO	$1.34B
Grant	$81.1M
ICO	$55.1M
Other-Equity	$2.34M

Recent Funding Rounds in B2B E-Commerce

In the year 2026, till September 2026, B2B E-Commerce companies have raised $695M in equity funding across 67 rounds. In the same period last year (i.e. till September 2025), B2B E-Commerce companies had raised $1.37B across 93 rounds. So, 2026 has seen a 49.4% drop in funding in B2B E-Commerce companies as compared to 2025.

Here are some recent, important funding rounds in B2B E-Commerce:

Company	Round Raised	Amount Raised	Funding Date	Investors
Kheops	Series B	8424	Sep 21, 2026	Odyssee Venture and 2 more
BRKZ	Series B	6866	Sep 14, 2026	Wa'ed Ventures and 3 more
udaan	Series H	9145	Sep 07, 2026	Swiggy
Surat T Shirt	Seed	3199	Sep 05, 2026	-
PBP	Series A	4556	Aug 20, 2026	BESTSELLER Foundation and 3 more

See a more detailed list of funding rounds

Europa is the top investor in B2B E-Commerce companies based on number of companies invested.

Here are some top investors in B2B E-Commerce:

Investor	Location	Top Portfolio Companies
Europa	Belgium	Hokodo, Optics11 Life, TTI and Tradeshift
Y Combinator	Mountain View (United States)	Faire, Algolia, EquipmentShare and Frubana
Accel	Palo Alto (United States)	Moglix, Algolia, Fashinza and Zetwerk
FJ Labs	New York City (United States)	Alibaba, LeafLink, Nuvemshop and ZYOD
Tiger Global Management	New York City (United States)	Moglix, VTEX, ShopUp and EquipmentShare

See a more detailed list of investors

In the year 2026, till September 2026, 22 acquisitions happened in B2B E-Commerce sector. Last year, in 2025, a total of 36 acquisitions happened in B2B E-Commerce sector.

Here are some recent, important acquisitions in B2B E-Commerce:

Company	Acquisition Type	Acquisition Date	Acquirers
BitQ	Business Acquisition	Sep 17, 2026	Toduba
ACV Auctions	Business Acquisition	Sep 12, 2026	Copart
Global O-Ring	Business Acquisition	Sep 03, 2026	Marco Rubber
Peerless Electronics	Business Acquisition	Sep 02, 2026	FDH
Trustana	Business Acquisition	Aug 12, 2026	Graas

See a more detailed list of acquisitions

Acquisition trends in B2B E-Commerce

Here are the acquisition trends in B2B E-Commerce:

Total Number of Acquisitions

Year	No. of companies
2026	22
2025	36
2024	39
2023	48
2022	86
2021	84
2020	52
2019	49
2018	57
2017	58

In the year 2026, till August 2026, 4 IPOs happened in B2B E-Commerce sector.

Here are some recent, important IPOs in B2B E-Commerce:

Company	IPO Date	Exchange Symbol
Mopshop	Aug 26, 2026	Bombay Stock Exchange (BSE)
BLK Global	Jul 31, 2026	Euronext Exchange (Euronext)
Sunbelt Rentals	Mar 02, 2026	New York Stock Exchange (NYSE)
EquipmentShare	Jan 23, 2026	National Association of Securities Dealers Automated Quotations (NASDAQ)
PRONI	Dec 24, 2025	Tokyo Stock Exchange (TYO)

See a more detailed list of IPOs

Companies founded by alumni from top colleges in the B2B E-Commerce sector

Most number of B2B E-Commerce startups have been founded by alumni from IIT Delhi, Stanford University and Harvard University.

College	No. of companies
IIT Delhi	50
Stanford University	40
Harvard University	34
IIT Bombay	32
Harvard Business School	31
BITS Pilani	26
IIT Kharagpur	22
Massachusetts Institute of Technology	22
INSEAD	20
IIM Ahmedabad	17

Total funding in companies founded by alumni from top colleges in the the B2B E-Commerce sector

In the last 10 years, IIT Kharagpur graduates' B2B E-Commerce companies have raised the most funding among top colleges. IIT Delhi alumni are second, and IIT Madras alumni are third.

College	Total Funding
IIT Kharagpur	$5B
IIT Delhi	$4.96B
IIT Madras	$2.4B
Indian School of Business	$1.72B
Yale University	$1.58B
University of Waterloo	$1.42B
University of California (Berkeley)	$1.31B
IIT Roorkee	$1.29B
IIM Ahmedabad	$1.18B
Haas School of Business	$1.11B