South Korea-based Ably Corporation, the operator of fashion platform Ably, is seeking to raise around 40 billion won ($35.3 million), attracting a pool of major domestic venture capital firms hoping to invest in the rapidly growing company, according to VC industry sources on May 20.Following
South Korea-based Queenit, a fashion mobile platform targeting middle-aged women, has secured around 5.5 billion won ($5 million) from a pool of high-profile venture capital firms, including SoftBank Ventures.On May. 13, SoftBank Ventures announced that it has invested in Rapport Labs, the ope
Fashion e-commerce platforms that have become mainstream shopping venues for millennials and Generation Z, or MZers, are seeing their valuations surge with investors increasingly keen to win over next-generation consumers.Last week, South-Korea based fashion mobile app Brandi announced that it
(Courtesy of Musinsa) South Korea’s top online fashion retailer Musinsa has raised another 130 billion won ($115 million) from Sequoia Capital and IMM Investment, giving the startup a 2.5 trillion won ($2.2 billion) valuation. The company on Mar. 16 said that this round of funding m
South Korea's fashion industry is all shook up following the No. 1 online fashion platform Musinsa's decision to acquire 29CM, the country’s second-largest women’s fashion platform, in a move to boost its competitiveness in women's fashion and to reinforce its lead in the market.
Kakao Corp., South Korea's top mobile messaging app operator, is set to acquire a majority stake in Zigzag, a domestic online fashion platform targeting teenagers and twentysomethings, after it dropped a bid for eBay Korea, according to investment banking and IT industry sources on Apr. 8.Kaka
Shinsegae Group has acquired South Korea's leading online fashion platform from IMM Private Equity, in a transaction estimated at between 250 billion and 300 billion won ($221 million-$265 million).Shinsegae's e-commerce arm SSG.COM signed an agreement to buy an 80% stake in W Concept from the