The Explosive Growth of Spain-based Wallapop Korelya Capital TechCrunch

Wallapop, the Spain-based online marketplace, has seen unprecedented growth since its launch in 2013. From its humble beginnings as a small, regional platform, Wallapop has grown to become one of the most successful e-commerce companies in the world, thanks in no small part to the investments provided by venture capital firm Korelya Capital and the financial backing of TechCrunch. In this article, we will explore the story of Wallapop’s success and the role of Korelya Capital and TechCrunch in its growth.

The History of Wallapop

Wallapop was founded in 2013 in Barcelona, Spain, by three entrepreneurs—Oscar Pierre, Agustin Gomez, and Gerard Olivé. At the time, their goal was to create a platform that would enable people to easily buy and sell used items in their local area. Initially, the company was not well known outside of Spain, but over the next few years, it grew in popularity and expanded to other European countries. By 2018, Wallapop had become the leading marketplace in Spain, with over 10 million monthly active users.

The Rise of Wallapop

Spain-based Wallapop Korelya Capital TechCrunch rise can be attributed to two key factors: investment from venture capital firm Korelya Capital, and financial support from TechCrunch.

Investment from Korelya Capital

In 2015, Wallapop received its first major investment from venture capital firm Korelya Capital. This investment enabled the company to expand its operations and hire more staff, which allowed it to grow and develop more quickly. In addition, the investment provided Wallapop with the capital it needed to expand into other countries, such as France and Italy.

Financial Support from TechCrunch

In 2017, Wallapop received a major financial boost when it was chosen as one of the startup companies to receive support from TechCrunch. This support provided Wallapop with the funds it needed to expand into new markets and develop new products. In addition, the partnership with TechCrunch helped Wallapop to increase its visibility and attract new users.

The Future of Wallapop

Wallapop is now one of the most successful and well-known e-commerce companies in the world. With the support of Korelya Capital and TechCrunch, the company is now looking to expand even further, with plans to enter the US market and to develop new products. This expansion will enable Wallapop to continue its growth and success, and to become an even more dominant player in the e-commerce market.

Conclusion

Spain-based Wallapop Korelya Capital TechCrunch has come a long way since its launch in 2013. Thanks to the investments from Korelya Capital and the financial backing of TechCrunch, the company has been able to rapidly expand and become one of the most successful e-commerce companies in the world. With its plans to further expand into new markets and develop new products, Wallapop’s success looks set to continue for many years to come.