Private Markets, Angel and Secondary Investing, Sacra

Sacra

Private Markets, Angel and Secondary Investing

Bringing transparency to private markets so investors, founders, and employees can build on conviction. Sacra delivers deeply researched insights on the private companies shaping tomorrow's markets. By surfacing the data, context, and operator perspective that are missing from private markets today, we help secondary buyers and sellers price equity accurately and unlock liquidity for the people building these businesses.

Private Capital Markets

<ul><li>Sacra estimates that Bolt generated about $27M in revenue in 2023, up 4% from $26M in 2022.</li><li>It was last valued at $11B for a valuation/revenue multiple of 392x.</li><li>Boltʼs business model hinges on acquiring retailers that bring millions of new shopper accounts to Bolt that it can take to other retailers to build network effects.</li></ul>

Sacra estimates that Bolt generated about $27M in revenue in 2023, up 4% from $26M in 2022.It was last valued at $11B for a valuation/revenue multiple of 392x.Boltʼs business model hinges on acquiring retailers that bring millions of new shopper accounts to Bolt that it can take to other retailers to build network effects.

<ul><li>Forter made roughly $200M in 2021, a 100% increase over 2020.</li><li>Forter has raised $525 million from investors such as Bessemer Venture Partners and Sequoia Capital.</li><li>Forter processed $250B GMV in 2021 and has processed over $2T GMV to date across a network of 500,000+ online businesses and 2B+ consumers.</li></ul>

Forter made roughly $200M in 2021, a 100% increase over 2020.Forter has raised $525 million from investors such as Bessemer Venture Partners and Sequoia Capital.Forter processed $250B GMV in 2021 and has processed over $2T GMV to date across a network of 500,000+ online businesses and 2B+ consumers.

<ul><li>Shiprocket has become the top ecommerce enablement platform for D2C brands and SMBs in India, processing 200M+ transactions annually and serving 250,000 merchants.</li><li>As the gross merchandise value (GMV) of Indian ecommerce has grown from $22B in 2018 to $123B as of 2024, Sacra estimates Shiprocket hit a $205M annual revenue run rate at the end of 2024, up 21% YoY from $170M in 2023.</li><li>Shiprocket is primed to go public in 2025.</li></ul>

Shiprocket has become the top ecommerce enablement platform for D2C brands and SMBs in India, processing 200M+ transactions annually and serving 250,000 merchants.As the gross merchandise value (GMV) of Indian ecommerce has grown from $22B in 2018 to $123B as of 2024, Sacra estimates Shiprocket hit a $205M annual revenue run rate at the end of 2024, up 21% YoY from $170M in 2023.Shiprocket is primed to go public in 2025.

<ul><li>Founded in Australia in 2012, Rokt's core product is an SDK that big ecommerce retailers like Ticketmaster add to their checkout page to show offers for related products from 3rd-party brands.</li><li>After ending the year at $600M in ARR and acquiring the customer data platform (CDP) mParticle, Rokt has its sights set on expanding outside advertising.</li><li>With its acquisitions of mParticle and Shopify upsell app AfterSell (2024), Rokt is expanding across platforms, accumulating first-party data and streaming it at low latency across all customer interactions.</li></ul>

Founded in Australia in 2012, Rokt's core product is an SDK that big ecommerce retailers like Ticketmaster add to their checkout page to show offers for related products from 3rd-party brands.After ending the year at $600M in ARR and acquiring the customer data platform (CDP) mParticle, Rokt has its sights set on expanding outside advertising.With its acquisitions of mParticle and Shopify upsell app AfterSell (2024), Rokt is expanding across platforms, accumulating first-party data and streaming it at low latency across all customer interactions.

<ul><li>Sacra estimates that Gumroad hit $21M in revenue in 2023, up 96% from $11M in 2022.</li><li>Gumroad&#39;s pricing change from a 3.5-8.5% variable take rate to a flat 10% take rate on GMV in early 2023 near doubled monthly revenue from $1M to $1.8M and flipped them from burning cash (-$1M net in 2022) to generating $9M in net profit for 2023.</li><li>Once creators are making more than $4K per year, the transaction fees a creator is paying to Gumroad are equivalent/beyond what they’d pay for a more fully-featured SaaS platform for creators like Stan.</li></ul>

Sacra estimates that Gumroad hit $21M in revenue in 2023, up 96% from $11M in 2022.Gumroad&#39;s pricing change from a 3.5-8.5% variable take rate to a flat 10% take rate on GMV in early 2023 near doubled monthly revenue from $1M to $1.8M and flipped them from burning cash (-$1M net in 2022) to generating $9M in net profit for 2023.Once creators are making more than $4K per year, the transaction fees a creator is paying to Gumroad are equivalent/beyond what they’d pay for a more fully-featured SaaS platform for creators like Stan.

United States

Checkout software for ecommerce merchants with shopper identity, payments, and post-purchase offers

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Rally (RALLY US)

Primer: Bolt - 10 Jul 2026

Checkout software for ecommerce merchants offering one-click login, identity, and payments

Sacra

Primer: Forter - 27 Feb 2026

Fraud prevention software for e-commerce businesses with real-time transaction approval decisions

Sacra

Shopify Of India

TL;DR: By vertically integrating shipping, fulfillment, and checkout, Shiprocket has become the top ecommerce enablement platform for D2C brands...

Sacra

Rokt At $600M/yr Growing 43% YoY

TL;DR: With its acquisition of customer data platform (CDP) mParticle at the beginning of 2025, Rokt is looking beyond the advertising business...

Sacra

Primer: Gumroad - 07 Dec 2024

Checkout tool for creators to sell digital products, memberships, and courses online

Sacra

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)