Musinsa’s offline store in Seoul South Korea’s top online fashion platform Musinsa withdrew a plan to acquire a local rival that focuses on Japanese shoppers.The move indicates that South Korean unicorns, startups with a valuation of more than $1 billion, have begun accumulating cas
South Korea's top online fashion platform Musinsa is in the last stages of talks to acquire a domestic rival that caters primarily to Japanese shoppers, according to people familiar with the situation on April 13.Seoul-based Dholic Commerce Co. was one of the potential acquisition targets Musi
(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
Musinsa, one of the largest online shopping platforms in South Korea South Korea’s online fashion apps are booming thanks to their ability to attract Gen Zers and millennials. This year, the top five players’ combined transaction amount surged to around 3.25 trillion won ($2.9 bil