Curly Secures 250 Billion KRW Pre-IPO Investment, Valued at 4 Trillion KRW

"Pre-IPO Investors Recognize Market Kurly's Corporate Value at 4 Trillion KRW Based on Market Dominance and Growth Potential in Grocery Shopping Market"
Cumulative Investment Exceeds 900 Billion KRW... Utilizing Logistics Systems, Data Infrastructure, and More

[Asia Economy Reporter Yuri Kim] Market Kurly's operator, Kurly, announced on the 20th that it has secured a 250 billion KRW pre-IPO investment from Hong Kong-based private equity firm Anchor Equity Partners. This additional investment comes five months after raising 225.4 billion KRW in Series F funding in July.

Anchor Equity, which has invested in various domestic and international distribution and IT companies, participated as the sole investor in Kurly's pre-IPO round. The 250 billion KRW secured through this pre-IPO is the largest single investment Kurly has received to date. With this pre-IPO funding, Kurly's cumulative investment amount has surpassed 900 billion KRW. Kurly stated, "Following globally renowned investors such as DST Global, ranked 7th among venture capital (VC) firms worldwide, Sequoia Capital China, Hillhouse Capital, Aspex Management, and Millennium Management, Anchor Equity also decided to invest based on trust in Kurly's future growth potential and profitability."

Kurly's corporate value recognized through the pre-IPO is 4 trillion KRW. Industry experts expect the corporate value to exceed 7 trillion KRW upon listing. According to the company, this pre-IPO valuation reflected factors such as an average annual sales growth rate of over 100% since its founding, reaching 10 million cumulative members by the end of 2021, a repurchase rate of 75%, up to 150,000 daily orders, and increases in average customer purchase amount and frequency. The positive outlook that Kurly will become profitable after achieving economies of scale nationwide through the expansion of its Dawn Delivery service within a few years was also factored into the valuation. Kurly said, "We aim to accelerate the IPO process with a goal of listing in the first half of next year."

Kurly plans to use the pre-IPO investment funds to enhance logistics services and data infrastructure, improve Market Kurly's service technology, recruit specialized personnel, attract new members based on the expansion of the Dawn Delivery service area, and expand and strengthen product categories. Kim Jong-hoon, Kurly's CFO, said, "The IPO preparation is ongoing as planned for the first half of next year, independent of this investment round," adding, "We will continue to make innovative service improvements to provide a convenient online grocery shopping experience."

This content was produced with the assistance of AI translation services.