Coupang is one of the largest and fastest growing e-commerce platforms on the planet. It is the perfect place for savvy shoppers. Baby, Kids, Fashion, Beauty, Home & Kitchen and Electronics, you name it!
Coupang's innovative technologies and novel approach to mobile commerce and customer service have set a new standard for e-commerce in Korea and beyond.
Coupang was founded in 2010 by Bom Suk Kim. The company is headquartered in Gangnam District, Seoul, South Korea with offices in Beijing, Los Angeles, Seattle, Seoul, Shanghai, and Silicon Valley.
Coupang is reimagining the shopping experience with the goal of wowing each customer from the instant they open the Coupang app to the moment an order is delivered to their door.
Coupang offers a variety of services, including same-day and next-morning delivery of groceries and general merchandise, delivery of prepared foods through Coupang Eats, and video streaming through Coupang Play.
Coupang is the 2nd place largest online retailer in South Korea. The company's Rocket Delivery network provides same-day or next-day delivery of more than five million unique items. Coupang claims that 99.6 percent of its orders are delivered within 24 hours.
Coupang has more than 100 fulfillment and logistics centers in more than 30 cities. The company, which ranked No. 2 on the 2020 CNBC Disruptor 50 list, also employs 15,000 drivers in South Korea for its deliveries.
Coupang is backed by SoftBank, Sequoia Capital, Wellington Management, Goldman Sachs & Co., SoftBank Vision Fund, BlackRock, Fidelity and others. The company raised $2B in its last financing on Nov 20, 2018. That brought Coupong's total funding to $3.4B to-date. The last financing also valued the company at $9B post-money.
Coupang made its market debut on Mar 11, 2021, on the New York Stock Exchange through an IPO. The company raised $4.55B at a IPO valuation of $60B from the listing.