What is Wish?
Founded in 2010 and headquartered in San Francisco, Wish operates as one of the largest and fastest-growing global e-commerce platforms. It connects millions of value-conscious consumers with a vast network of over half a million merchants worldwide. The company's business model focuses on providing a wide array of products at competitive prices, leveraging technology to streamline the online shopping experience for a global audience.
How much funding has Wish raised?
Wish has raised a total of $2.7B across 7 funding rounds:
Series A
$8M
Series B
$19M
Series C
$50M
Series D
$500M
Series E
$500M
Series F
$500M
Stock Offering
$1.1B
Series A (2012): $8M with participation from Lefrak Organization and AME Cloud
Series B (2014): $19M led by GGV Capital and Formation 8
Series C (2014): $50M supported by Cherubic Ventures, AME Cloud, Founders Fund, GGV Capital, and Legend Capital
Series D (2015): $500M featuring DST Global
Series E (2016): $500M backed by GGV Capital, DST Global, and Founders Fund
Series F (2017): $500M with participation from Temasek Holdings, Founders Fund, Third Point Ventures LLC, and IDG Capital Partners
Stock Issuance/Offering (2020): $1.1B led by Undisclosed
Key Investors in Wish
Temasek Holdings
Temasek Holdings, a global investment company headquartered in Singapore, is a generational investor focused on making a difference with tomorrow in mind. Their participation in Wish's Series F round highlights a strategic interest in established, high-growth e-commerce ventures.
Founders Fund
Founders Fund is a venture capital firm that invests in the world's most important and valuable companies. Their involvement in multiple funding rounds for Wish suggests a long-term conviction in the company's disruptive potential within the e-commerce sector.
IDG Capital Partners
IDG Capital is an investment firm focused on developing companies through private equity and venture capital, with a strong presence in China. Their investment in Wish indicates a strategic focus on global e-commerce expansion and market access.
What's next for Wish?
The recent major strategic investment of $1.1B positions Wish for significant expansion and operational enhancement. As the company is in an enterprise-level funding stage, this capital infusion is likely to be directed towards scaling its merchant network, enhancing its logistics and supply chain capabilities, and further developing its technology infrastructure. Strategic partnerships and market penetration in key international regions are anticipated as Wish aims to solidify its position against established e-commerce giants.
See full Wish company page
