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.
Coupang annouces $2b investment from SoftBank
This brings Coupang's valuation to $9b.
Coupang raises a $2,000,000,000 venture round from Sequoia Capital, SoftBank Vision Fund and BlackRock.
David Hunt/Hunt Technology Ventures, L.P.
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
Documentaries, videos and podcasts
- EBayEBay is an american multinational internet corporation that manages ebay.com founded in 1995 by Pierre Omidyar, Justin Herzig, Philip Harding, Sarah Leviton and Luis Andres Ramos.
- SoftBank CapitalA multi-stage corporate venture capital company from Tokyo that funds disruptive and enduring businesses