Startup Mercari becomes Japan's first unicorn
Peer-to-peer marketplace app Mercari has become Japan’s first pre-IPO startup unicorn after raising 8.4 billion yen (about $75 million) at a valuation of over $1 billion. This Series D funding round brings Mercari's total funding to 12.6 billion yen (about $111 million). Launched in 2013, Mercari lets users buy and sell products including fashion, electronics and handmade items.