Modalyst, Inc.

Modalyst, Inc. is a dropshipping automation platform that enables online retailers to source and manage products efficiently without holding inventory, streamlining the fulfillment process. Founded in 2012 and based in New York, US, Modalyst, Inc. specializes in dropshipping solutions for online retailers.

The company was co-founded by Alain Miguel and Jill Sherman, who also serves as the CEO, and has undergone strategic changes to enhance its service offerings. Modalyst was previously backed by New York Angels but was subsequently acquired by Wix. com, Inc. in June 2021, with the financial terms undisclosed.

Modalyst specializes in offering a comprehensive dropshipping automation platform that enables online retailers to seamlessly source and manage products without the need for physical inventory. The platform integrates with major e-commerce services such as Shopify, Wix, and BigCommerce, allowing users to import an extensive catalog of products from suppliers in the US and international markets, including AliExpress. Modalyst addresses common e-commerce challenges like inventory management and product fulfillment, connecting retailers directly to suppliers for order fulfillment and shipping, with a focus on the apparel and accessories sectors across North America, Europe, and parts of Asia. Modalyst generates revenue through a subscription model with tiered pricing based on the features and product access required by its users.

Retailers pay for subscriptions that allow listing a set number of products and accessing premium services, including customized branding and private label options. Revenue is derived from both subscription fees and transaction fees associated with orders processed through Modalyst's system, ensuring that products are shipped directly to end customers. Looking ahead, Modalyst aims to develop new product features and expand its services to enhance user experience. The company is targeting new geographic markets, particularly in Europe and Asia, with planned expansions to be executed by the end of 2023.

The recent acquisition by Wix. com is expected to provide additional resources to support these initiatives, effectively enabling Modalyst to capitalize on growing e-commerce trends.