- Korean online grocery company Kurly recently announced it raised $210 million in funding at a $3.3 billion valuation.
Korean online grocery company Kurly recently announced it raised $210 million in funding at a $3.3 billion valuation. This pre-IPO round was provided by single backer Anchor Equity Partners, a Hong Kong-based private equity firm. And the round of funding brings its total raised to approximately $761 million.
Kurly is known for providing next-day grocery delivery services across the country and they will use the funding to hire more talent and advance its data infrastructure and logistics services.
The company will be going public locally as the Korean Exchange reduced the listing requirements for a startup that values over 1 trillion won. After the listing, Kurly is expected to be valued at about $5.8 billion.
Kurly currently has about 10 million users. And of that user base, over 2.4 million are monthly active users.
The company saw a $97 million operating loss on revenue of $845 million in sales in 2020.
