Trade: Shopping Platform Whatnot Valued at 20 Billion Dollars - Handelsblatt
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Düsseldorf. The live shopping platform Whatnot has received an additional 545 million dollars in growth capital from investors. The company is now valued at 20 billion dollars – almost twice as much as a year ago. Whatnot started in 2019 with auctions of Pokémon trading cards; last year, merchants already generated eight billion dollars in sales via the platform. The company itself achieved a revenue of one billion dollars from commissions. "I think we will double both again this year," said co-founder Grant LaFontaine recently in an interview with Handelsblatt. He has equally ambitious growth targets for Germany.
