The online retailer, founded in 2013, says its revenue more than doubled over the past two years and is on pace to reach $5 billion this year. With a growth rate of almost 70%, Kim says Coupang is expanding at a rate that's three times faster than the country’s wider e-commerce market. Coupang announced that it had raised a substantial $2 billion from the SoftBank Vision Fund. The new investment lifts the company's valuation to $9 billion, easily making it the country's most valuable startup and among the top ten in Asia. The new valuation, Forbes estimates, is enough to make founder Bom Kim, South Korea’s newest and second-youngest billionaire at age 40. Still, it may be some time before the company actually begins turning a profit. Though revenues for the last three years (2014 to 2017) grew by 670%, losses have also mounted almost in tandem at 460%.
| Types | Organization, Business |
| Start date | 2013 |