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.

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

Coupang, Korea's Answer to Amazon, Raises $2 Billion, Mints New Billionaire

Grace Chung

News

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
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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