Shopify - Forbes

Shopify - Forbes

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Canadian e-commerce business Shopify Inc. is a Canadian multinational e-commerce business headquartered in Ottawa, Ontario. It is also the name of its exclusive e-commerce platform for online shops and retail point-of-sale systems.  high ticket dropshipping  offers online sellers a suite of services including payments, marketing, shipping and consumer engagement tools. The company reported that it had more than 1,000,000 services in around 175 countries utilizing its platform as of January 2021. According to Builtwith, 1. 58 million websites operate on Shopify as of 2021. The total gross merchandise volume exceeded US$61 billion for calendar 2019. Since 2021, Shopify is the largest openly traded Canadian company by market capitalization.



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Shopify was established in 2006 by Tobias Ltke and Scott Lake after attempting to open Snowdevil, an online store for snowboarding equipment. Disappointed with the existing e-commerce items on the market, Ltke, a computer developer by trade, instead built his own. Ltke used the open source web application framework Ruby on Rails to construct Snowdevil's online shop, and introduced it after 2 months of development. The Snowdevil founders released the platform as Shopify in June 2006. In June 2009, Shopify launched an application programs interface (API) platform and App Shop. The API enables designers to create applications for Shopify online shops and after that offer them on the Shopify App Shop.


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The app lets Shopify shop owners view and handle their stores from i, OS mobile gadgets. In 2010, Shopify began its Build-A-Business competitors, in which individuals develop a service using its commerce platform. The winners of the competition receive prize money and mentor-ship from entrepreneurs, such as Richard Branson, Eric Ries and others. Shopify was named Ottawa's Fastest Growing Company by the Ottawa Business Journal in 2010. The business received $7 million from an initial series A round of equity capital financing in December 2010. Its Series B round raised $15 million in October 2011. In February 2012, Shopify got Select Start Studios Inc (" S3"), a mobile software developer, together with 20 of the business's mobile engineers and designers.