Pre-IPO Sector News Update

April 20, 2020

Last week, Coupang disclosed that the company generated 7.15 trillion won ($5.9 billion) in revenue with an operating loss of 720.5 billion won ($590 million) in FY 2019.

Didi Chuxing received a $1 billion investment into its bike sharing business.

Impossible Foods significantly increased its distribution to 777 grocery stores across the US.

Robinhood was raising more than $200 million at a valuation greater than $8 billion.

Stripe raised $600 million as an extension of its Series G round at a $36 billion valuation.

Two weeks ago, Cohesity raised $250 million in its Series E round.

COHESITY

“Cohesity Announces $250 Million in Series E Funding"

COUPANG

“Coupang Narrows Operating Loss by 36% in 2019 on 64% Jump in Sales"

DIDI CHUXING

“Didi Chuxing's Bike Business Banks $1B"

IMPOSSIBLE FOODS

“Impossible Foods Rolls Out to Nearly 1,000 New Grocery Stores and Supermarkets"

ROBINHOOD

“Robinhood is Raising New Capital at $8 Billion Valuation, Sources Say"

STRIPE

“Stripe, Silicon Valley’s Most Valuable Start-up, Raises New Capital at $36 Billion Valuation"

Kirat Lall