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
Locked
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Phone
Locked
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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
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
Not available
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Products & Services of Karrot
Karrot offers a comprehensive portfolio of products and services, including Karrot Marketplace.
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.
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.
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Venture capital investment firm
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Venture capital investments are directed toward IT startups.
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Early-stage venture capital arm of SoftBank Group
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Investor details for Karrot
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Investments & Acquisitions by Karrot
Investment portfolio details for Karrot
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Financial Statements - Karrot
Detailed financials for Karrot
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Karrot Comparisons
Peer comparison for Karrot
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Used multi-category products are traded on an online marketplace platform.
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Multi-category consumer products are sold via an online marketplace platform.
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App-based marketplace and classified platform for multi-category products
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International online classifieds
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Decentralized exchange platform for cryptocurrency trading is operated.
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Multi-category second-hand products are traded via an online P2P marketplace.
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Detailed competitors of Karrot
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Latest news on Karrot
Complete news archive for Karrot
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Frequently Asked Questions about Karrot
Karrot was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Karrot is headquartered in Seoul, South Korea.
Gary Kim is the current CEO of Karrot. They have also founded this company.
Karrot is a funded company, having raised a total of $201.37M across 4 funding rounds to date.
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.
Karrot offers Karrot Marketplace.
Karrot has 14 investors. Key investors include Capstone Partners, Capstone Partners LP, DST Global Partners, Kakao Ventures, and SBVA.
The valuation of Karrot is $2.7B as of Aug 2021.