Whatnot Raises $265 Million, Competing with TikTok Shop at Nearly $5 Billion Valuation - PRESS AI WORLD
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Whatnot Raises $265 Million, Competing with TikTok Shop at Nearly $5 Billion Valuation

share-iconFriday, January 10 comment-icon3 weeks ago 11 views
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scmpSCMP
Whatnot Raises $265 Million, Competing with TikTok Shop at Nearly $5 Billion Valuation

Credited from: SCMP

  • Whatnot, a live streaming shopping platform, has raised US$265 million at an impressive valuation of US$4.97 billion.
  • The funding round was led by prominent investors including Greycroft Partners and DST Global.
  • Founded in 2019, Whatnot sold over US$3 billion in goods last year, positioning itself as an alternative to TikTok Shop.
  • Whatnot's CEO Grant LaFontaine emphasizes the transformative potential of live and social commerce for retailers.
  • Proceeds from the funding will enhance hiring, customer service, and expansion into new regions like Australia.

For the full article, visit SCMP.

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Tessa Byte

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

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