Used Nara

Seoul, South Korea Founded: 2015 • Age: 11 yrs Acquired By Lotte
App-based platform for trading second-hand products.

About Used Nara

Used Nara is a company based in Seoul (South Korea) founded in 2015 was acquired by Lotte in March 2021. It operates as a C2C. Used Nara operates in a competitive market with competitors including eBay, 58City, Karrot, Hello Market and Craigslist, among others.

  • Headquarter Seoul, South Korea
  • Sectors
    Retail
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
Operational Areas
Retail → E-Commerce Platforms & Marketplaces
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Latest Funding Round
  • Investors
  • Employee Count
    Employee Count
  • Acquired by
    Lotte

    (Mar 24, 2021)

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Funding Insights of Used Nara

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in Used Nara

Used Nara has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Lotte. 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.

All
Institutional
Investor Description Founded Year Domain Location
Confectionery goods are manufactured alongside diverse business services.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Used Nara

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - Used Nara

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Used Nara Comparisons

Employees
+
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Competitors of Used Nara

Used Nara 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 eBay, 58City, Karrot, Hello Market and Craigslist, 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 consumer products are sold via an online marketplace platform.
domain founded_year HQ Location
Online second-hand listing platform offering multi-category products and services
domain founded_year HQ Location
Multi-category second-hand products are traded on an online marketplace platform.
domain founded_year HQ Location
Listing platform for second hand goods
domain founded_year HQ Location
Online classified forum
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Used Nara

Frequently Asked Questions about Used Nara

When was Used Nara founded?

Used Nara was founded in 2015.

Where is Used Nara located?

Used Nara is headquartered in Seoul, South Korea.

What does Used Nara do?

Used Nara operates with a C2C model, focusing on operating online marketplaces, second-hand goods, trading platform, and app-based. App-based platform for trading second-hand products. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations. It continues to evolve, meeting industry challenges with strategic approaches.

Who are the top competitors of Used Nara?

Used Nara's top competitors include eBay, Karrot and 58City.

Who are Used Nara's investors?

Used Nara has 1 investor. Key investors include Lotte.

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