Sequoia Capital recently led a US$100 million round of funding for South Korean retailer Coupang, suggesting that the rapidly growing Korean e-commerce market is the hot new scene for investors looking to capitalize on a country full of mobile shoppers. Founded and run by the Korean-born, Harvard-educated Bon Kim, the site has grown to become Korea’s leading online retailer. The recent round of funding gave it a $1 billion valuation. Kim launched the store when he realized there was a market itch in Korea that he could scratch.
Loading ...
Coupang's on Fire in Korea's Hot M-Commerce Climate
Posted by: Rachelle Dragani June 9, 2014 10:19 AMSequoia Capital recently led a US$100 million round of funding for South Korean retailer Coupang, suggesting that the rapidly growing Korean e-commerce market is the hot new scene for investors looking to capitalize on a country full of mobile shoppers. Founded and run by the Korean-born, Harvard-educated Bon Kim, the site has grown to become Korea’s leading online retailer. The recent round of funding gave it a $1 billion valuation. Kim launched the store when he realized there was a market itch in Korea that he could scratch.