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.
This brings Coupang's valuation to $9b.
Coupang, Korea's Answer to Amazon, Raises $2 Billion, Mints New Billionaire
Korean e-commerce firm Coupang raises $2 billion from SoftBank's Vision Fund
- CompanyA company, abbreviated as "Co." within a company name, is a legal entity made up of an association of people, be they natural, legal, or a mixture of both, for carrying on a commercial or industrial enterprise.
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