About Karrot
Karrot is a company based in Seoul (South Korea) founded in 2015 by Paul Kim and Gary Kim. It operates as a Two-Sided Marketplace. Karrot has raised $201.37 million across 4 funding rounds from investors including Capstone Partners, Capstone Partners LP and DST Global Partners. Karrot offers products and services including Karrot Marketplace. Karrot operates in a competitive market with competitors including Mercari, eBay, Wallapop, Olx and Uniswap, among others.
- Headquarter Seoul, South Korea
- Founders Paul Kim, Gary Kim
- Stage Unicorn
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Karrot Canada Corp.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$201.37 M (USD)
in 4 rounds
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Latest Funding Round
$162 M (USD), Series D
Aug 19, 2021
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Investors
Capstone Partners
& 13 more
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Employee Count
Employee Count
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Products & Services of Karrot
Karrot offers a comprehensive portfolio of products and services, including Karrot Marketplace. 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.
A platform for buying and selling locally is provided.
Funding Insights of Karrot
Karrot has successfully raised a total of $201.37M across 4 strategic funding rounds. The most recent funding activity was a Series D round of $162 million completed in August 2021. 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 4
- Last Round Series D — $162.0M
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First Round
First Round
(02 Jan 2017)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2021 | Amount | Series D - Karrot | Valuation | DST Global | |
| Jun, 2020 | Amount | Series C - Karrot | Valuation | Altos Ventures Management , Goodwater Capital | |
| Apr, 2018 | Amount | Series A - Karrot | Valuation | SBVA |
| 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 Karrot
Karrot has secured backing from 14 investors, including venture fund and institutional investors. Prominent investors backing the company include Capstone Partners, Capstone Partners LP and DST Global Partners. 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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Venture capital investment firm
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Founded Year | Domain | Location | |
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Venture capital investments are directed toward IT startups.
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Founded Year | Domain | Location | |
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Early-stage venture capital arm of SoftBank Group
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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 Karrot
| 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 - Karrot
| 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 |
Karrot Comparisons
Competitors of Karrot
Karrot 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 Mercari, eBay, Wallapop, Olx and Uniswap, 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 |
Used multi-category products are traded on an online marketplace platform.
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| domain | founded_year | HQ Location |
Multi-category consumer products are sold via an online marketplace platform.
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| domain | founded_year | HQ Location |
App-based marketplace and classified platform for multi-category products
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| domain | founded_year | HQ Location |
International online classifieds
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| domain | founded_year | HQ Location |
Decentralized exchange platform for cryptocurrency trading is operated.
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| domain | founded_year | HQ Location |
Multi-category second-hand products are traded via an online P2P marketplace.
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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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Latest news on Karrot
Frequently Asked Questions about Karrot
When was Karrot founded?
Karrot was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is Karrot located?
Karrot is headquartered in Seoul, South Korea.
Who is the current CEO of Karrot?
Gary Kim is the current CEO of Karrot. They have also founded this company.
Is Karrot a funded company?
Karrot is a funded company, having raised a total of $201.37M across 4 funding rounds to date. The company's 1st funding round was a Series A of $5.3M, raised on Jan 02, 2017.
What does Karrot do?
A digital marketplace is provided by Karrot for users to buy and sell items locally. Various categories including electronics, furniture, fashion, and home goods are covered. Operations are extended across multiple countries such as Canada, the UK, Japan, and South Korea. Community engagement and local transactions are facilitated through the platform.
What products or services does Karrot offer?
Karrot offers Karrot Marketplace.
Who are Karrot's investors?
Karrot has 14 investors. Key investors include Capstone Partners, Capstone Partners LP, DST Global Partners, Kakao Ventures, and SBVA.
What is Karrot's valuation?
The valuation of Karrot is $2.7B as of Aug 2021.
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