GP Bullhound is a leading technology advisory and investment firm that provides transaction advice and capital to category leaders in the consumer internet ecosystem, including online marketplaces, online classifieds, online travel, and e-commerce. The Marketplaces sector report aims to provide insights into public and private valuations across the transaction spectrum and qualitative insights into broader market trends. The report also features interviews with leading companies and CEOs transforming the sector. Direct-to-consumer businesses are seeing huge growth as part of the e-commerce boom, with the trend shifting to internet-native D2C brands selling exclusively through third-party marketplaces, such as Amazon's marketplace. Focused and niche marketplaces are also increasing in popularity, with cutting-edge shopping experiences tailored to high-value and hard-to-find specialized products and a loyal customer base with high retention. As digital transformation and AI continue to dominate the business landscape, conversational commerce tools, such as chatbots, are set to boost customer service and sales as they enable businesses to increase conversion and deliver a better customer experience. GP Bullhound's marketplaces practice has completed over 20 transactions, with several marquee marketplaces advisory transactions and investments showcased below.