Wallapop, with a fresh €81M in its pockets from a Series G round led by Naver, is now valued at €771M. With €72M in 2022 revenues, it's gunning for unicorn status, eyeing further expansion in Southern Europe.
Wallapop just pocketed a hefty €81M, thanks to Naver and friends in a Series G bonanza, hitting a high score with a €771M valuation. The Barcelona-based second-hand shop isn't just playing; it's playing to win, with eyes set on that glittery unicorn status. CEO Rob Cassedy's on a mission to turn old treasures into new cash, championing a smarter way to consume that's kind to both wallets and the planet.
With over €72M in sales for 2022, up 40% from 2021, Wallapop's not just talking big; it's walking big. Sure, they're in the red, but with this fresh cash injection, they're ready to conquer new lands. Italy and Portugal, watch out! Wallapop's coming, bringing eco-friendly deals and a community vibe that's hard to beat.
Cassedy's dream? A world where buying second-hand is the first choice. Wallapop's making waves, offering a marketplace that's not only about snagging a bargain but also about making a difference. With a user base that's growing faster than my waistline during lockdown, Wallapop's proving that green can indeed be gold.
But here's the kicker: With the latest €20M boost, Wallapop's valuation soars to €806M. They're not just chasing unicorns; they're on the verge of becoming one. This isn't just a story about buying and selling; it's a saga of innovation, community, and a dash of daring. Wallapop's narrative is still being written, but it's shaping up to be a bestseller.
❓ Will Wallapop reach unicorn status soon?
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