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Coupang

Coupang

Coupang is a south Korean e-commerce company founded in 2010.

Founded in 2010 in Seoul, South Korea, revenue has exceeded $5bn USD as of 2018. In 2016, Coupang secured $1bn in funding from SoftBank's New Vision fund at a $5bn valuation. It has become a market leader for e-commerce in South Korea, and boasts of its ability to deliver products ordered at midnight by 7am the next morning.

Founded by Bom Kim, who graduated from Harvard College and went on to Harvard Business School, before dropping out to pursue Coupang. He is reported worth $950m according to Forbes, making him the 47th richest person in Korea as of 2018.

Timeline

November 20, 2018
Coupang annouces $2b investment from SoftBank

This brings Coupang's valuation to $9b.

November 20, 2018
Coupang raises a $2,000,000,000 venture round from BlackRock, Sequoia Capital and SoftBank Vision Fund.

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
Coupang funding round, November 2018
2,000,000,000
November 20, 2018
1 Result
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People

Name
Role
LinkedIn

Adam Schneier

Investor

Adam Winnick

Investor

Anthony Lee

Investor

Arthur Hong

Employee

Avi Eyal

Investor

Ben Freeberg

Investor

Benjamin Sun

Investor

Bom Kim

Founder

Brad Kotansky

Investor

Brian Smiga

Investor

Brock Saunders

Investor

Cheng-Ing Chia

Employee

Cindy Padnos

Investor

Dan Mirman

Investor

Daniel Lee

Employee

David Hunt/Hunt Technology Ventures, L.P.

Investor

Eric Kim

Board member

Erik Rehn

Employee

Erin Park

Employee

Ernest Pomerantz

Investor

Eunjoon Park

Employee

Fabrice Grinda

Investor

Gordon Su

Investor

Gregg Ritchie

Investor

Hong Chen

Employee

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Further reading

Title
Author
Link
Type
Date

Korean e-commerce firm Coupang raises $2 billion from SoftBank's Vision Fund

Jon Russell

News

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
May 12, 2021
mint
Masayoshi Son is now in the history books for delivering the largest-ever quarterly profit for a Japanese company, but he's still having a hard time getting the respect he thinks he deserves.
Ram Iyer
April 12, 2021
TechCrunch
Coupang early investor Ben Sun shares an inside look into the growth of the Korean e-commerce giant, and explains how founder Bom Kim led a pivot when the company was already an established business
Kotaro Hosokawa
March 15, 2021
DealStreetAsia
The talks come amid the rapid growth of Coupang, known for its "rocket" shipping strategy.
Natasha Mascarenhas
March 13, 2021
TechCrunch
Spending millions for a digital work of art that could be screenshotted feels similar to traipsing around a strip of concrete as a tourist activity. The optics don't make immediate sense -- there's hardly any appeal in something as accessible as a Google image or street. That's my best bet at explaining at least some [...]
BBC News
March 12, 2021
BBC News
The "Amazon of South Korea", Coupang was founded by Bom Kim and has just listed its shares.
Reuters
March 11, 2021
@bsindia
Mega-cap stocks Microsoft, Apple, Facebook and Amazon.com led the rally, recouping losses from a recent pullback and helping the benchmark S&P 500 surpass its Feb. 16 peak of 3,950.43
Alex Wilhelm
March 11, 2021
TechCrunch
Coupang's IPO was a success, no matter how you slice it, even if you have valuation quibbles. And it was a huge win for SoftBank.
MICHELLE CHAPMAN AP Business Writer
March 11, 2021
ABC News
The biggest IPO in years is rolling out on the New York Stock Exchange where Coupang, the South Korean equivalent of Amazon in the U_S_, or Alibaba in China, will begin trading under the ticker "CPNG."
Catherine Shu
March 10, 2021
TechCrunch
Korean e-commerce giant Coupang is expected to hold one of the biggest tech IPOs of the year on March 11. The company disclosed earlier this month that it is seeking up to $3.6 billion at a potential $51 billion valuation on the New York Stock Exchange. Founded in 2010, Coupang is sometimes described as the [...]
Crunchbase News
March 9, 2021
Crunchbase News
Crunchbase News' top picks of the news to stay current in the VC and startup world.
Alex Wilhelm
March 2, 2021
TechCrunch
These companies will soon convert tens of billions of dollars of illiquid private shares into public currency. As such, their offerings may reveal investors' sentiments regarding e-commerce and insurance companies backed by venture capital.
Catherine Shu
March 2, 2021
TechCrunch
According to an amended S-1 filing, South Korean e-commerce leader Coupang expects to price its initial public offering between $27 to $30 per share, potentially raising up to $3.6 billion. After the IPO, Coupang will have a total of 1.7 billion shares outstanding, including Class A and Class B. This means the means the pricing [...]
Alex Wilhelm
February 12, 2021
TechCrunch
Coupang's offering, coming amidst the public debut of a number of well-known technology brands, will be a massive affair.
Catherine Shu
December 4, 2019
TechCrunch
Korean e-commerce giant Coupang has a new chief financial officer. The company announced today that it has hired Alberto Fornaro, who previously served the same role at International Gaming Technology (IGT PLC), the multinational gaming machine company. Fornaro succeeds Richard Song, who joined Coupang in 2011 and is retiring. Coupang is Korea's largest e-commerce platform. [...]
Jon Russell
May 30, 2019
TechCrunch
Kurly, a startup that operates a grocery delivery service in Korea, said today that it has closed an upsized Series D round that reached a total of $113 million. The company announced the round in April when it was $88 million led by investors that include Sequoia China, however it has now increased by $25 [...]
Selina Wang
Invalid Date
DealStreetAsia
She's a board member of Tokopedia and Coupang, the largest online marketplaces in Indonesia and South Korea, respectively.

References

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