The industry selection is an important step for the valuation, as it affects important valuation parameters (e.g. multiple and beta).
For the industry classification, Equidam uses the Thomson Reuters Business Classification. It is one of the most widespread and comprehensive classifications.
When choosing your industry, please keep in mind the market sector, not the business model (which is reflected in the financials projections more than in the industry per se).
You can also try different industries (Q19 of the Questionnaire tab), and test how the valuation changes accordingly.
If you need help with choosing the right industry, please don't hesitate to contact us. We'd be happy to help!