Top Marketplace Startups to Watch (and Work for) in 2023

• 70,000 retailers in 50,000 cities buy from 100,000 brands selling on Faire. The company has facilitated 6 million introductions between retailers and brands.

• Open with Faire, a program to help retailers with inventory financing, distributed $60 million in its first year.

• ‍3/4 of Faire’s customers have other sales channels outside physical retail, which allowed them to continue to grow during the pandemic and keep growing through the downturn.

• Instacart offers retail enablement solutions for over 1,100 retail customers across more than 80,000 locations.

• Instacart revenue was reported at ~$2.5 billion for 2022, up 39% over 2021.

• In Q4 2022, Instacart’s gross profits increased by 80%.

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• As of June 2021, GOAT did $2 billion in GMV in its last 12 months, grew 100% YoY in sneakers, and 500% YoY in apparel.

• As of June 2021, GOAT has 30 million users and 600,000 sellers.

• As of May 2023, GOAT Group (the parent company) has over 50 million users across its platforms GOAT, Grailed, Flight Club, and alias.

• Whatnot’s sales growth rate in 2021 was more than 20x YoY.

• As of July 2022, Whatnot’s monthly sales were more than 3x of what they were in 2021.

• In 2022, more than 100 sellers on Whatnot made over $1 million in sales.

• As of April 2023, collectibles were Whatnot’s largest segment, but fashion was Whatnot’s fastest-growing segment.

• As of May 2023, over 70 million projects have been started on Thumbtack, 200,000 professionals are on the platform, and 8 million 5-star reviews to service providers on Thumbtack.

• In 2021, Thumbtack had 4.5 million customers for the year, and 7.5 million projects started.

• As of June 2021, Thumbtack was tracking toward $2 billion in gross revenue for the year.

• Thumbtack’s revenue grew 50% in 2020 over 2019.

• As of June 2023, Hipcamp operates across the US, Canada, France, Australia, and the United Kingdom.

• In 2020, Hipcamp processed $40 million in gross transaction value.

• In 2022, OfferUp was the 10th most downloaded shopping app in the United States.

• In 2022, OfferUp’s annual user base was 56 million, up from 44 million in 2019 and 42 million in 2018.

• Queenly reported its businesses doubled from Q4 2021 to Q1 2022 and Q1 2022 to Q2 2022.

• As of July 2021, Queenly reported 125,000+ users, 60,000+ unique dresses on its platform, and a total inventory value of $15 million.

• As of June 2022, 75% of Queenly’s transactions are from resale.

• 69% of Papa members reduce reduced loneliness, 45% better health, and >90% credit Papa as a reason for staying with their current health plan.

• Papa serves members in all 50+ states.

• Papa is available to over 65 health plans, including Medicare Advantage and Medicaid.

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• Companies hiring on Contra include Figma, Pulley, Copy.ai, and Almanac.

• More than 1 million people have joined Contra to find freelance work.

• Kindred has received 20,000+ membership applications since launching in 2021.

• Kindred members have spent over 5,000 nights at one another’s homes.

• As of July 2022, Traba had 12,000 workers on the platform and reached 1 million in annualized revenue in 8 months of operation.

• As of May 2023, more than 300,000 clinicians use Nomad.

• As of October 2021, GoodLeap reported 9 billion in GMV, 17,000 sales professionals, and 40,000 clean energy jobs.

• As of March 2021, Neighbor reported 5x YoY growth in revenue and 7x YoY growth in reservations.

• As of March 2021, Neighbor reported many hosts on the platform making over $50,000+ yearly in passive income through their participation in the storage marketplace.

• Trading partners on the platform include Pro Environmental, Veolia, UPM, Pearce Recycling, and Siakandaris Group.

• As of October 2021, Intro’s marketplace had ~75 experts and facilitated 500 sessions in the first two months of operations.

• Experts on Intro’s marketplace include Neil Parikh (Founder of Casper), Alli Web (Founder of Drybar), Alexis Ohanian (Founder of Reddit), Liana Levi (Founder & Lead Instructor of Forma Pilates), Heidi Zak (CEO of ThirdLove), and Rachel Zoe (Celebrity Stylist).