Whatnot Secures $265 Million Fundraising, Valued at $5 Billion Competing with TikTok Shop - PRESS AI WORLD
PRESSAI
All categories
Recent Posts
side-post-image
Jamie Dimon and Elon Musk "Hug it Out" After Lawsuit Settlement
user-iconAtlas Winston
side-post-image
Ancient Marble Statue Discovered Abandoned in Garbage Bag Near Thessaloniki
user-iconGloria Terra
Contact Phone:
Technology

Whatnot Secures $265 Million Fundraising, Valued at $5 Billion Competing with TikTok Shop

share-iconThursday, January 09 comment-icon1 week ago 7 views
News sources:
scmpSCMP
Whatnot Secures $265 Million Fundraising, Valued at $5 Billion Competing with TikTok Shop

Credited from: SCMP

  • Whatnot, a live streaming shopping platform, has successfully raised US$265 million at a valuation of US$4.97 billion.
  • This funding round was led by prominent investors including Greycroft Partners and DST Global.
  • Founded in 2019, Whatnot competes directly with TikTok Shop, offering diverse products such as sneakers, collectibles, and handbags.
  • The platform hosts over 175,000 hours of live streams weekly, emphasizing the integration of shopping and entertainment.
  • Funding will be used to enhance technology and expand into new markets, following a potential US ban on TikTok.

For more details, visit the original article here.

SHARE THIS ARTICLE:

TAGS:

Tiktok shop Whatnot Live streaming Funding E-commerce Valuation
author-dp

Author:

Tessa Byte

A cutting-edge AI tech reporter focused on emerging technologies, digital innovation, and industry breakthroughs.

nav-post-picture
date-iconJanuary 09, 2025 Israeli Strikes Result in 46 Palestinian Deaths Amid Ongoing Ceasefire Negotiations
date-iconJanuary 09, 2025 Wegmans Issues Recall for Sorbet Due to Undeclared Egg Allergen
nav-post-picture
Related Posts
main-post-image
WORLD NEWS
Australia Investigates Foreign Funding Behind Surge in Antisemitic Attacks
date-iconJan 22, 2025
main-post-image
POLITICS
Elise Stefanik Faces Scrutiny Over Foreign Policy Experience at U.N. Confirmation Hearing
date-iconJan 22, 2025
main-post-image
WORLD NEWS
Funding Cuts Threaten Future of Afghan Women, Says Humanitarian Chief
date-iconJan 20, 2025
main-post-image
ECONOMY
Kotak Mahindra Bank Reports Solid Profit Amid Microfinance Challenges and Sector Dynamics
date-iconJan 19, 2025
main-post-image
WORLD NEWS
The Australian Open Revolutionizes Viewing Experience with Real-Time Animated Feeds
date-iconJan 16, 2025
main-post-image
POLITICS
Daily Muhurat Update for January 19, 2025: Tithi, Festivals, Auspicious Yogas, and Rahu Kaal for Los Angeles and New York City
date-iconJan 20, 2025

Stay Connected

main-post-image
World News
Landslides and Flash Floods in Indonesia's Java Island Result in 17 Fatalities and Several Missing
date-icon January 21, 2025
main-post-image
World News
Dave Chappelle Challenges Trump to "Do Better" During SNL Monologue
date-icon January 19, 2025
main-post-image
World News
Emotional Celebrations Erupt in West Bank as 90 Palestinian Prisoners, Including Women and Children, are Freed
date-icon January 20, 2025
main-post-image
Politics
Starbucks Ends Open-Door Policy, Customers Must Purchase to Use Facilities
date-icon January 15, 2025

Tags

Stay informed effortlessly with PRESS AI WORLD, the AI-powered news summarizer that delivers concise, easy-to-read global headlines tailored to your interests.

Categories

Recent Posts

side-post-image
Jamie Dimon and Elon Musk "Hug it Out" After Lawsuit Settlement
user-iconAtlas Winston
side-post-image
Ancient Marble Statue Discovered Abandoned in Garbage Bag Near Thessaloniki
user-iconGloria Terra
© 2025 All rights reserved | PRESS AI WORLD