About ABLY
ABLY is a company based in Seoul (South Korea) founded in 2018 by Seok-Hoon Kang.. ABLY has raised $76.9 million across 3 funding rounds from investors including Alibaba.com, LB Investment and Kolon Investments. ABLY offers products and services including Style Commerce Platform and Chain Platform. ABLY operates in a competitive market with competitors including Tmon, Musinsa, Brandi, Rapo Labs and 11st, among others.
- Headquarter Seoul, South Korea
- Founders Seok-Hoon Kang
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
*********
- Legal Name 에이블리코퍼레이션
- Jurisdiction Na, Maharashtra, India
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$76.9 M (USD)
in 3 rounds
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Latest Funding Round
$71 M (USD), Series B
Dec 02, 2024
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Investors
Alibaba.com
& 2 more
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Employee Count
Employee Count
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Products & Services of ABLY
ABLY offers a comprehensive portfolio of products and services, including Style Commerce Platform and Chain Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for buying and selling user styles online
Tool for designing and distributing personal products
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Funding Insights of ABLY
ABLY has successfully raised a total of $76.9M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $71 million completed in December 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $71.0M
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First Round
First Round
(08 Jun 2019)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2024 | Amount | Series B - ABLY | Valuation |
investors |
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| Apr, 2024 | Amount | Series A - ABLY | Valuation |
investors |
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| Jun, 2019 | Amount | Series A - ABLY | Valuation | LB Investment , Kolon Investments |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in ABLY
ABLY has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Alibaba.com, LB Investment and Kolon Investments. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Growth-stage private equity investments are targeted across multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital and private equity are invested in various sectors.
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Founded Year | Domain | Location | |
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Multi-category products are facilitated through an online B2B cross-border marketplace.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by ABLY
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - ABLY
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ably Comparisons
Competitors of ABLY
ABLY operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Tmon, Musinsa, Brandi, Rapo Labs and 11st, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multi-category products are retailed online by Tmon.
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| domain | founded_year | HQ Location |
Musinsa is recognized as a global fashion platform.
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| domain | founded_year | HQ Location |
Multi-category fashion products are offered through an online marketplace.
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| domain | founded_year | HQ Location |
Online fashion application for women's clothing purchases is offered.
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| domain | founded_year | HQ Location |
Hosts a digital marketplace for various consumer goods categories.
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| domain | founded_year | HQ Location |
Products in diverse categories are offered through an e-commerce platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about ABLY
When was ABLY founded?
ABLY was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is ABLY located?
ABLY is headquartered in Seoul, South Korea.
Who is the current CEO of ABLY?
Seok-Hoon Kang is the current CEO of ABLY. They have also founded this company.
Is ABLY a funded company?
ABLY is a funded company, having raised a total of $76.9M across 3 funding rounds to date. The company's 1st funding round was a Series A of $5.9M, raised on Jun 08, 2019.
What does ABLY do?
Online shopping platform offering a wide range of fashion products. The product catalog includes shirts, shorts, pants, skirts, shoes, slippers, handbags, jewelry, eyewear, watches, and more.
Who are the top competitors of ABLY?
ABLY's top competitors include Musinsa, Tmon and Gmarket(eBay Korea).
What products or services does ABLY offer?
ABLY offers Style Commerce Platform and Chain Platform.
Who are ABLY's investors?
ABLY has 3 investors. Key investors include Alibaba.com, LB Investment, and Kolon Investments.