Coupang

Valuation $31B

About Coupang

Coupang sells apparel, electronics, and footwear products.
Headquarters Coupang, Seoul
Founded 2010-01-01
Industry Apparel, Consumer Electronics, Consumer Goods, Customer Service, E-Commerce, Retail, Shopping
Last Funding Type Post Ipo Equity
Valuation 31
Total Funding $3.42 billion dollars
IPO Status Public

Financial

Coupang reported its first-ever annual profit in 2023, indicating a positive financial trend. The company also experienced a significant increase in its stock price, soaring 32.3% in February. Additionally, Coupang's fulfillment service helped merchants double their sales in 90 days, showcasing increased product engagement. The company announced robust Q1 growth and strategic investments, further supporting its financial growth.
Coupang reported a mixed Q1 2024 with revenue growth but a drop in profit due to Farfetch acquisition losses. The company also faced a 140 billion won fine for allegedly manipulating search engine results. Additionally, Coupang is under investigation for potential offshore tax evasion and using dark patterns to raise prices and keep users subscribed.
Funding Rounds 13
Number of Lead Investors 6
Total Funding Amount  $3.42 billion dollars
Number of Investors 29

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