Jan 9, 08:03 PM

Whatnot Raises $265 Million, Valued at $5 Billion, with 30x Growth in 5.5 Years to Compete with TikTok Shop

Whatnot, a live shopping platform, has successfully raised $265 million in a funding round led by investors including Greycroft, DST Global, and Avra. This investment values the company at $5 billion. Since its inception, Whatnot has experienced substantial growth, achieving a 30-fold increase in size over 5.5 years, with more than 10% of its sellers considering it their primary income source. The company aims to expand its operations and compete with platforms like TikTok Shop in the live commerce space.

#Whatnot #Greycroft #DST Global #Avra #TikTok Shop

Written with ChatGPT (GPT-4o mini).

Sources

WSJ Private Equity@WSJPE
11 months ago
Whatnot has raised a new $265 million growth investment that values the ecommerce startup at $5 billion https://t.co/W8rjctmleV
Les Echos@LesEchos
11 months ago
Whatnot, la start-up de live shopping qui veut rivaliser avec TikTok Shop https://t.co/UbOG2gI5ea
Anu Hariharan@anuhariharan
11 months ago
🚀 Thrilled to announce our investment in @Whatnot , the #1 Live Commerce App in North America & EU! Whatnot is redefining digital storefronts —30x growth in 5.5 years, with >10%+ of sellers relying on it as their primary income source. 🛍️ The best part? The team. Led by… https://t.co/L2WRrH7dBc

Whatnot Raises $265 Million, Valued at $5 Billion, with 30x Growth in 5.5 Years to Compete with TikTok Shop

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