Many people in the UK want to know who owns Wayfair. Wayfair is a renowned furniture, décor, and home wear retailer based in the US. The company started out as an online retailer of home goods and has since expanded to include furniture, décor, and more. As of 2019, Wayfair operated over 10 million sq. ft of warehouse space and recruited over 15,000 candidates.
Niraj Shah and Steven Conine are the co-founders of Wayfair. The two met while working at an e-commerce company called iContracts. In 2002, they founded Wayfair intending to create an easy-to-use website for home goods. Shah and Conine own a majority of the company’s shares.
This article details everything there is to know about Wayfair’s owners and investors. So, let’s dive right into it.
What Is Wayfair?
Wayfair is an online home goods store that offers furniture, décor, and more from over 14,000 brands. The company was founded in 2002 by two entrepreneurs who saw the internet’s potential to change how people shop for home furnishings.
Wayfair has since become a prominent force in the international home goods market, with over 10 million products on its website. Customers also benefit from free shipping if they spend more than $49 on an order. And their customer service team are ready to field any queries 24/7.
So, if at any point you get lost, don’t hesitate to reach out to them, and they’ll be more than happy to assist you.
Who Owns Wayfair?
As of 2019, Wayfair employs over 15,000 people and generates billions of dollars in annual revenue. While the company is headquartered in Boston, Massachusetts, it also has offices in New York City, Berlin, Dublin, and Toronto.
Shah and Conine met while attending Cornell University and quickly realized they had a mutual interest in entrepreneurship. After graduation, they founded several successful start-ups before eventually launching Wayfair.
It all started with selling a handful of items and gradually increasing the number of goods. Fortunately, it quickly began to grow and now delivers a broad range of products in various categories. They are also spread out in a couple of brick-and-mortar stores in the vicinity of the whole US.
While Wayfair is a private company, it does contain high-profile investors. Among them are Tiger Global Management, Balyasny Asset Management, T Rowe Price Associates Inc., and DST Global. Together, these investment firms have poured billions of dollars into the
Knowing who is the owner of Wayfair is incredibly beneficial if you’re interested in the company as an investment opportunity. It may also be pertinent if you’re looking to build a career working for this retailer. Or perhaps you’d like to own a similar prominent home goods chain someday and want to model the owners.