Seoul Korea - Coupang, one of Korea’s largest e-commerce companies, announced on December 11 that it successfully attracted an investment of $300 million from a group of investors led by BlackRock Inc., an American multinational investment management corporation.
This investment came in six months after Coupang brought in another investment of $100 million from American venture capital Sequoia Capital.
The BlackRock-led investor group includes a handful of global investment firms, including Wellington Management Company, Greenoaks Capital Management, and Rose Park Advisors.
Global investors highly recognized Coupang’s effort to establish new e-commerce business model where it takes responsibility for the entire process ranging from product sales to delivery, its investment in logistics and delivery infrastructure to realize one-day delivery service, and its unrivaled mobile leadership. Mobile accounts for more than 70 percent in Coupang’s total transaction volume.