Digital entrepreneurship has the potential to promote innovation and sustainability while boosting economic growth, job creation, and quality of life improvements. Strong theoretical underpinnings have been challenged as being absent from the extant literature on digital entrepreneurship. By conducting a comprehensive literature review to learn about the most recent advancements in the field, this study seeks to close this gap. The study found and examined papers on digital entrepreneurship using the Scopus and Web of Science databases. Following the discovery of 63 studies, from 20 studies that comprehensively examined the topic were located. The paper suggests a conceptual model that exemplifies how a conventional organization becomes a digital business. Overall, by offering a strong platform for future research and encouraging more investigation of this phenomenon, this study adds to our understanding of digital entrepreneurship.