Seoul-based Coupang, an online retailer, announced today that it has raised an impressive $300 million in new funding led by BlackRock Private Equity Partners, with participation from
Wellington Management Company, LLP, Greenoaks Capital Management, and Rose Park Advisors. In an interview with TechCrunch, Coupang’s founder Bom Kim says that the capital will be invested in two
key areas: the technology behind its mobile apps, which generates 70 percent of Coupang’s revenue and 80 percent of its total traffic, and its logistics network, which can provide delivery
within the same day (or several hours in some parts of South Korea).
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