Korea’s Coupang raises $1B from SoftBank in world’s largest round so far in 2015

coupang

Your latest reminder that the startup world does not end at the shores of Silicon Valley comes today courtesy of Coupang, the Korean e-commerce service that just raised $1 billion from SoftBank.

SoftBank today said it has invested the gargantuan sum in Coupang, a company that was founded in 2010 and has become Korea’s largest online retailer. Not only did the company grow 80 percent in the past year, but it claims that mobile commerce accounts for 75 percent of revenues.

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I am interested in applying design thinking to the business. I love to code in Central Park on weekends and build something people love to use. You can reach me at sehwan@techforkorea.com

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