Whatnot is in talks to raise a new funding round at a $20 billion valuation
Live shopping startup Whatnot is raising a new round of funding, per multiple sources.The latest investment values the startup at roughly $20 billion.The company notched $8 billion in live sales last year.Whatnot is proving there's still room for consumer startups in the AI era.Live shopping startup Whatnot is in talks to raise financing at about a $20 billion valuation, according to people familiar with the matter.This would be a significant jump from the $11.5 billion valuation at which the company raised capital late last year.Whatnot hosts livestream shopping across categories ranging from fashion and sneakers to sports cards and vinyl records, taking a cut of each sale made on its platform in North America and Europe.The round is in progress, and details could change. Whatnot did not respond to requests for comment.
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Live shopping startup Whatnot is raising a new round of funding, per multiple sources.The latest investment values the startup at roughly $20 billion.The company notched $8 billion in live sales last year.Whatnot is proving there's still room for consumer startups in the AI era.Live shopping startup Whatnot is in talks to raise financing at about a $20 billion valuation, according to people familiar with the matter.This would be a significant jump from the $11.5 billion valuation at which the company raised capital late last year.Whatnot hosts livestream shopping across categories ranging from fashion and sneakers to sports cards and vinyl records, taking a cut of each sale made on its platform in North America and Europe.The round is in progress, and details could change. Whatnot did not respond to requests for comment. Inspired by the large Chinese live shopping industry, such as Taobao, Whatnot has built a following among collectible users who use the platform to interact with and purchase products. The company notched $8 billion in live sales last year.Consumer internet startups have struggled to attract venture capital amid the AI boom, as much of the industry's capital chases foundation models, chips, and infrastructure.
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- What's the story?
- Live shopping startup Whatnot is raising a new round of funding, per multiple sources.The latest investment values the startup at roughly $20 billion.The company notched $8 billion in live sales last year.Whatnot is proving there's still room for consumer startups in the AI era.Live shopping startup Whatnot is in talks to raise financing at about a $20 billion valuation, according to people familiar with the matter.This would be a significant jump from the $11.5 billion valuation at which the company raised capital late last year.Whatnot hosts livestream shopping across categories ranging from fashion and sneakers to sports cards and vinyl records, taking a cut of each sale made on its platform in North America and Europe.The round is in progress, and details could change. Whatnot did not respond to requests for comment.
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Whatnot is in talks to raise a new funding round at a $20 billion valuation
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