Wish (company)

Wish (company)

Wish (formerly ContextLogic) is a company providing an e-commerce platform that allows users to shop for discounted products and have them delivered to their homes. It was founded in 2011 and is located in San Francisco, California.

Wish is a San Francisco-based e-commerce company that has a platform where users can shop for common goods at largely discounted prices. It was founded by Pete Szulczewski and Danny Zhang and has raised more than $1.6 billion over the course of nine funding rounds.

Product

The platform is accessible via web browser or mobile application for Android or iOS systems. Users can scroll through hundreds of items, such as shoes, jewelry, smart watches, clothing, and cosmetics. A lot of the products are unique and the algorithm for the advertisements is intended to intrigue users into using the platform.

Many of the products are produced and shipped from China and can take a few weeks to arrive at the user's home. On the platform, users can see a search engine to enter items for which they are specifically looking, scroll through goods that are popular on the platform, view express items, and their own history of shopping on Wish. Users can also make a wishlist so they can save items they like and buy them at a later time.

Timeline

August 1, 2019

Wish raises $300 million Series H round led by General Atlantic.

August 2019

Wish raises a $11,200,000,000 series H round from General Atlantic.

2018

Wish is the most downloaded shopping application

In 2018, Wish was the most downloaded shopping application worldwide.

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
1 Result
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People

Name
Role
LinkedIn

Danny Zhang

Co-Founder

Peter Szulczewski

Co-Founder

Further reading

Title
Author
Link
Type
Date

Meet The Billionaire Who Defied Amazon And Built Wish, The World's Most-Downloaded E-Commerce App

Parmy Olson

Web

March 13, 2019

Documentaries, videos and podcasts

Title
Date
Link

Peter Szulczewski, CEO of e-commerce app Wish, raised $1 billion in two years

December 7, 2016

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Special to Financial Post
February 18, 2020
Financial Post
Wish has become a global powerhouse and a rival to Amazon.com Inc. by building an e-commerce platform for consumers who prioritize price over fast shipping and pretty packaging.Wish Website
Mary Hanbury
November 27, 2019
Business Insider
In one extreme case, a hairdryer bought on Wish set alight when a consumer-safety organization tested what would happen if it restricted the airflow.
Isobel Asher Hamilton
October 29, 2019
Business Insider
App analytics site App Annie released a report on Gen Z's app habits showing Zoomers spend 55% more time on non-gaming apps than previous generations.

References

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