About Musinsa
Musinsa is a company based in Seoul (South Korea) founded in 2001.. Musinsa has raised $473.73 million across 3 funding rounds from investors including KKR, Peak XV Partners and Wellington. Musinsa has completed 2 acquisitions, including 29cm and StyleShare. Musinsa operates in a competitive market with competitors including Rapo Labs, Brandi, Gooha, Lookpin and Trenbe, among others.
- Headquarter Seoul, South Korea
- 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
*********
- Legal Name Musinsa Co., Ltd.
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Annual Revenue
$550.28 M (USD)54as on Dec 31, 2022
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Net Profit
$-43.35 M (USD)-148as on Dec 31, 2022
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EBITDA
$-31.27 M (USD)-131as on Dec 31, 2022
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Total Equity Funding
$473.73 M (USD)
in 3 rounds
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Latest Funding Round
$190 M (USD), Series C
Jul 19, 2023
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Investors
KKR
& 3 more
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Employee Count
Employee Count
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Investments & Acquisitions
29cm
& 1 more
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Funding Insights of Musinsa
Musinsa has successfully raised a total of $473.73M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $190 million completed in July 2023. 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 C — $190.0M
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First Round
First Round
(11 Nov 2019)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2023 | Amount | Series C - Musinsa | Valuation | KKR | |
| Mar, 2021 | Amount | Series B - Musinsa | Valuation | Peak XV Partners , IMM Investment |
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| Nov, 2019 | Amount | Series A - Musinsa | Valuation | Peak XV Partners |
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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 Musinsa
Musinsa has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include KKR, Peak XV Partners and Wellington. 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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Multiple sectors are invested in by this private equity firm.
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Founded Year | Domain | Location | |
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Venture capital firm investing in startups and providing support programs.
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Founded Year | Domain | Location | |
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Growth stage companies are targeted for private equity investments.
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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 Musinsa
Musinsa has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include 29cm and StyleShare. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Fashion, beauty, and home products are retailed online by 29cm.
|
2011 | ||||
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App based community platform for fashion
|
2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Musinsa
| 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 |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Musinsa Comparisons
Competitors of Musinsa
Musinsa 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 Rapo Labs, Brandi, Gooha, Lookpin and Trenbe, 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 |
Online fashion application for women's clothing purchases is offered.
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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 |
Multi-category luxury fashion products are offered via an online platform.
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| domain | founded_year | HQ Location |
An e-commerce store specializing in fashion products for men and women.
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| domain | founded_year | HQ Location |
Multi-branded fashion items are retailed online for various demographics.
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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 Musinsa
Frequently Asked Questions about Musinsa
When was Musinsa founded?
Musinsa was founded in 2001 and raised its 1st funding round 18 years after it was founded.
Where is Musinsa located?
Musinsa is headquartered in Seoul, South Korea.
Who is the current CEO of Musinsa?
Kang Jung Gu is the current CEO of Musinsa.
Is Musinsa a funded company?
Musinsa is a funded company, having raised a total of $473.73M across 3 funding rounds to date. The company's 1st funding round was a Series A of $168.73M, raised on Nov 11, 2019.
What is the annual revenue of Musinsa?
Annual revenue of Musinsa is $550.28M as on Dec 31, 2022.
What does Musinsa do?
Musinsa is established as a global fashion platform operating across multiple regions. Its presence is noted in Asia, North America, and Oceania. Various locations are served including Japan, Hong Kong, and the United States. The platforms specific offerings and solutions remain undisclosed in the provided content. Expansion across diverse markets is evident from the listed countries. Detailed sector focus or unique services are not specified here. The companys operational model is not elaborated upon in this text.
Who are the top competitors of Musinsa?
How many acquisitions has Musinsa made?
Musinsa has made 2 acquisitions, including 29cm, and StyleShare.
Who are Musinsa's investors?
Musinsa has 4 investors. Key investors include KKR, Peak XV Partners, Wellington, and IMM Korea.
What is Musinsa's valuation?
The valuation of Musinsa is $2.2B as of Mar 2021.