Coupang secures investment worth $2 bn from SoftBank’s Vision Fund

Date: 2018-11-22   Author: Pankaj Singh  Category: #news

Coupang secures investment worth $2 bn from SoftBank’s Vision Fund

South Korea’s e-commerce major, Coupang has reportedly raised $2 billion through the SoftBank Vision Fund, which is alleged to be firm’s largest investment since Saudi journalist Khashoggi’s murder. The investment also comes weeks after the Japanese firm transferred its existing stake in Coupang over the Vision Fund, as it has done with other investments.

As per sources close to the deal, the valuation has not been publicized but it is anticipated to have lifted Coupang’s valuation to $9 billion post-money. The deal is said to be a new stock entirely with no secondary sales, which has escalated the company to $3.4 billion so far. During the last round in 2015, Coupang saw investment worth $1 billion from SoftBank.

The deal is a significant validation for Coupang, which is Korea’s first company to become a part of the Vision Fund. Masayoshi Son, Chairman of SoftBank, had championed the deal as a network of global winners, however, the link to the Khashoggi case disrupts the achievement, cite trusted sources.

According to sources familiar with the development, in addition to Khashoggi’s murder, PIF’s role in the Vision Fund would considerably taint SoftBank’s efforts due to rumors in the Silicon Valley suggesting that founders may accept money from less-tainted sources.

Despite that, SoftBank has announced numerous deals lately, like the $375 million investment in Zume, a robotic food-prep startup and a deal with glass maker View for $1.1 billion. If reports are to be believed, these investments haven’t kept Coupang from acquiring and publicizing an investment from the Vision Fund. Bom Kim, CEO of Coupang was quoted saying that the Vision Fund is an exceptional fund and the company is proud to be selected as its partner.

For the record, founded in 2010, Coupang is Korea’s largest e-commerce company, which has plans to expand its services to other areas as well. In 2018, though the year is still progressing, the company has claimed to have neared $5 billion in revenue with 70% annual growth.



About Author


Pankaj Singh linkdin-boxtwitter

Pankaj Singh

Pankaj Singh Develops content for Algosonline, Market Size Forecasters, and a couple of other platforms. A Post Graduate in Management by qualification, he worked as an underwriter in the UK insurance domain before deciding to switch his field of profession. With exp...

Read More

Post Recommendents

Data Center Power Management Market Expected to Witness High Growth over the Forecast Period 2021 - 2026

Author: Ashwin Naphade

The ' Data Center Power Management market' study now available with Market Study Report, LLC, delivers a concise outlook of the powerful trends driving market growth. This report also includes valuable information pertaining to market share, marke...


Business Value Dashboard Market Outlook | Development Factors, Latest Opportunities and Forecast 2026

Author: Ashwin Naphade

The ' Business Value Dashboard market' study recently added by Market Study Report, LLC, offers an in-depth analysis of the current market trends influencing this business vertical. The study also includes market valuation, market size, revenue fo...


Global Cloud Based Backup Services Market - Detailed Analysis of Current Industry Figures with Forecasts Growth By 2026

Author: Ashwin Naphade

Market Study Report, LLC, provides a research on the ' Cloud Based Backup Services market' which offers a concise summary pertaining to industry valuation, SWOT Analysis, market size, revenue estimation and geographical outlook of the business ver...