Mercari

#2847

Rank

$4.07B

MarketCap JP

JP Japan

Country

Summary
Mercari, Inc. engages in the planning, development, and operation of the Mercari marketplace applications in Japan and the United States. Mercari, Inc. was incorporated in 2013 and is based in Tokyo, Japan.

History

Kouzoh, Inc. was founded by Shintaro Yamada, a Japanese serial entrepreneur in February 2013, and the Mercari app was launched for iOS and Android devices in July of that same year. Within a year of its release, Mercari had accumulated over one million individual listings on its platform.The USD 75 million raised in Mercari's Series D round was set aside by the company for the purpose of further expansion in the US and UK, according to Chief Financial Officer Kei Nagasawa in a March 2016 interview.In 2014, the company opened an office in San Francisco in preparation for the launch of its app in the United States, which took place in September of that same year. In the six years since its initial launch in the US, the Mercari app has been downloaded over 40 million times and has risen as high as number 3 on the US App Store rankings. There are currently around 100 employees located between Mercari's Palo Alto and Portland offices.It was announced In June 2017 that John Lagerling had joined Mercari from Facebook's management team and would be assuming the title of Chief Business Officer. He has also since been named the US CEO of Mercari, Inc.In January 2016, Mercari opened their first European office in London. In December 2018, Mercari announced it will dissolve the European branch as a "temporary retreat".


Mission
Our mission is simple: to make selling easier than buying. And with 40M+ downloads in the U.S. and 150k new listings every day, we're just getting started.

Vision
We envision a world of limitless trading and connect people everywhere without borders. By creating an integrated global marketplace, Mercari can provide a valuable trading opportunity that has never existed before.

Key Team

Mr. Scott Levitan (Chief Marketing Officer)

Ms. Robin Clark (Sr. VP of Special Projects)

Mr. Tatsuo Kinoshita (VP & Chief HR Officer)

Dr. Mok Oh (Chief Technology Officer)

Ms. Jenny J. Kim (Gen. Counsel)

Ms. Lisa Lechner (Chief Compliance Officer)

Mr. John Lagerling (Sr. VP of Global Strategy)


Recognition and Awards
Mercari has won numerous awards, such as Best Japanese App and Top Commerce App in 2018, Best Commerce App of 2019, and Best Enterprise App of 2020. The company has also been featured in various publications, such as Forbes and TechCrunch, for its innovative approach to e-commerce.

References
Mercari
Leadership team

Mr. Shintaro Yamada (Co-Founder, Global CEO & Representative Director)

Sayaka Eda (VP of Corp. & CFO)

Mr. Fumiaki Koizumi (Pres & Chairman)

Products/ Services
E-Commerce, Internet, Marketplace, Mobile
Number of Employees
1,000 - 20,000
Headquarters
Tokyo, Tokyo, Japan
Established
2013
Revenue
Above - 1B
Traded as
4385.T
Social Media
Fri Feb 23 2024
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