Danggeun Market

Danggeun Market, the startup behind Karrot, South Korea’s largest neighborhood marketplace and community app.

Danggeun Market is striving to become a regional-based service that includes jobs, jobs, classes, meetings, neighborhood life information, and neighborhood Q&A.

Danggeun Market was founded in 2015 by Gary Kim and Paul Kim. The company is headquartered in Seoul City, Seoul, South Korea.

 

Karrot’s most unique features is that its peer-to-peer marketplace only shows people listings from sellers located within a six-kilometer radius (the distance is set slightly wider for more remote areas), and most transactions are completed in person.

 

Danggeun’s platform Karrot enables approximately 300,000 local SMB partners to go digitalized by offering offline to online (O2O) service. The company is strengthening its capabilities in local commerce with Danggeun Pay, or Karrot Pay, which is set to launch this year.

 

Danggeun Market’s consumers access everything from fresh local produce delivery to essential services, including cleaning, education, real estate brokerage and used cars in their local communities.

 

Danggeun is backed by DST Global, Goodwater Capital, SoftBank Ventures, Aspex Management, Altos Ventures, Kakao Ventures, Strong Ventures, Capstone Partners, and others. The company raised $162M in Series D round on Aug 17, 2021. This brings Danggeun's total funding to $202.5M to date. The new round valued the company at $2.7B post-money.

 

 

  • Year founded: 2015
  • Funding Info: $202.5M over 5 Rounds (Latest Funding Type: Series D)
  • Yearly Revenue: NA
  • Employee Size: 201-500
  • Business Valuation: Valued at $2.7B as of August 17, 2021
  • City/Town: Seoul City
  • State: Seoul
  • Country: South Korea
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