Grupo Netshoes
ECommerce with a broad portfolio of products and services in the sport, fashion and beauty categories.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor investor investor investor | €0.0 | round | |
| investor investor | €0.0 | round | |
| N/A | €0.0 | round | |
$62.0m | Acquisition | ||
| Total Funding | 000k | ||
| BRL | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | (3 %) | - | - | - | - |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | (2 %) | (11 %) | - | - | - | - |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (9 %) | (18 %) | - | - | - | - |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
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Grupo Netshoes originated as a physical shoe store in São Paulo, Brazil, in February 2000, founded by cousins Marcio Kumruian and Hagop Chabab. Kumruian, with a background in economics and experience working in a shoe store, identified an opportunity in the burgeoning online market. After initial struggles with physical retail, including opening and closing several stores, the company pivoted to a fully online model in 2007, a decisive move that set its future course.
The business operates as a prominent e-commerce retailer of sporting goods, apparel, and shoes in Latin America. Its revenue model is based on direct-to-consumer online sales. Netshoes serves a broad consumer base by offering a vast catalog of products from numerous brands. Beyond its primary retail function, the company also manages the official online stores for major soccer clubs like Corinthians and Palmeiras, and is the official online representative for brands such as the NBA, Puma, and Havaianas in the region, generating revenue through these partnerships. The company also created its own brands, including Zattini for fashion and Shoestock for shoes and accessories.
The company's platform provides a wide selection of sporting goods. Key features have included a 3D scanner system to help customers with shoe sizing and mobile applications for iOS and Android to facilitate purchases. The business model extends to a marketplace, allowing other sellers to use its platform, and it also offers logistics and marketing management solutions for partner companies. Netshoes operates several distribution centers in Brazil to manage its logistics.
A significant milestone in the company's history was its initial public offering (IPO) on the New York Stock Exchange (NYSE) in April 2017. The company attracted investments from various international funds over the years, including Tiger Global, Temasek Holdings, and GIC. In a landmark move in June 2019, after a bidding process, Grupo Netshoes was acquired by Magazine Luiza, one of Brazil's largest retail companies, becoming a subsidiary of the group.
Keywords: e-commerce, sporting goods, online retail, footwear, sportswear, Brazilian market, sports apparel, Netshoes, Zattini, Shoestock, Magazine Luiza, Marcio Kumruian, Hagop Chabab, online marketplace, sports fashion, Latin America e-commerce, athletic gear, team merchandise, sports supplements, digital retail