202325 Apr

KKR mulls investing $150 mn in Korean fashion platform Musinsa

Summary

Musinsa Co., South Koreas leading online fashion platform, is in the final stage of attracting 200 billion won ($149.8 million) from US private equity giant KKR & Co.via a funding round before going public.Some e-commerce platforms, which have focused on transaction volumes rather than profits, are in the worst of times.Kurly Inc., a fresh food delivery platform, kicked off a new funding round earlier this month to raise 100 billion at less than half of its peak valuation, at which it raised 250 billion won in 2021.The company attracted about 200 billion won from US-based Sequoia Capital in 2019, and with a 2.5 trillion valuation, it drew an additional 130 billion won from the US venture capital firm asset and IMM Investment in 2021.

Source: Beamstart

Funding

$149.36M
Amount
Apr 25 2023
Date
-
Investor
MUSINSA
Company

Classifications

Companies