Q3 2024
December 20, 2024
E-commerce startups want to do away with wallets
VC deal value for e-commerce startups rose by over 50% in Q3, in part supported by more consumers fishing out their wallets to spend record amounts at retailers such as Amazon. But that soon may be a thing of the past as more startups create embedded digital wallets with AI integration, according to our latest Emerging Tech Research report.
The entire e-commerce vertical is being buoyed by the ongoing AI transformation, with startups creating AI services that can search for and purchase products seamlessly. Analyst Eric Bellomo highlights these startups and examines the broader macroeconomic trends driving the sector as deal activity continues to stabilize.
Vertical update | 3 |
Q3 2024 timeline | 6 |
E-commerce VC deal summary | 7 |
E-commerce landscape | 8 |
E-commerce VC ecosystem market map | 9 |
VC activity | 10 |
Innovation spotlight | 19 |
Intelligent digital wallets | 20 |
Select company highlight | 22 |
Profound | 23 |