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Coupang

Coupang

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

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

Patents

Further Resources

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

News

Title
Author
Date
Publisher
Description
Catherine Shu
July 8, 2021
TechCrunch
One month after entering Japan, its first international market, Coupang has launched in Taiwan. The South Korean e-commerce giant began offering its service in Taipei City's Zhongshan neighborhood, allowing people there to order items through its app for on-demand delivery between 8AM to 11PM, charging a delivery fee of 19 NTD (about 68 cents USD). [...]
Max S. Kim
June 9, 2021
MIT Technology Review
South Korean e-commerce giant Coupang uses AI to promise almost-instant delivery. But speed comes with troubling labor issues--including worker deaths.
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.
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References

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