Shopping Wish app grabs $500 million in funding, as valuation soars past $3.5 billion

By November 4, 2016Uncategorized
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SAN FRANCISCO — San Francisco-based shopping app Wish is raising an investment of $500 million in a round that values the company between $3.5 billion and $5 billion, sources familiar with the matter told Re/code this week.

One of the lead investors in the round is the Singaporean investment fund Temasek, the site reports, and most of the round is already fully committed. The Wish app is second only to Amazon as the most popular shopping app.

“The Wish app is generally ranked only behind Amazon…