SoftBank's Vision Fund supplied $2bn for the e-commerce marketplace at a $9bn valuation, three years after a $1bn investment by its parent company.
Telecommunications and internet group SoftBank agreed yesterday to invest $2bn in South Korea-based e-commerce platform Coupang through its Vision Fund, at a valuation reported by Forbes to be $9bn.
Coupang operates an online marketplace that lists more than 120 million products for sale, 4 million of which are available for one-day delivery through Rocket, its end-to-end fulfilment system, which delivers some 1 million parcels each day.
The company has more than doubled its revenue in the past two years and…
