SA国际传媒

Ecommerce startup has reportedly raised $300 million in a confirmed Series H round led by . The financingto $11.2 billion post-money compared to a valuation of $8.7 billion following its in September 2017, according to General Atlantic.

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础虫颈辞蝉鈥� the $300 million figure, which The Information in March also cited when . But when I reached out to Wish and General Atlantic this morning, I got a 鈥渘o comment.鈥�

Founded in 2010, San Francisco-based Wish has now raised over its lifetime, according to SA国际传媒. The startup is geared toward so-called 鈥渂argain鈥� shoppers looking for a deal. Its revenue doubled in 2018 compared to the year prior, company spokesperson Glenn Lehrman told SA国际传媒 News via email this morning.

In by General Atlantic and Wish, the firms said Wish plans to use the money toward 鈥渕arketing and working capital, with plans to expand its merchant footprint in Europe and North America and improve logistics.鈥�

The company recently unveiled a program called 鈥淲ish Local鈥� aimed at partnering with local brick-and-mortar retailers giving customers a chance to pick up purchased items locally from stores.

As part of the funding, General Atlantic鈥檚 Tanzeen Syed has joined Wish鈥檚 board.

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