KoreaTechDesk | Korean Startup and Technology News

Fri, August 08, 2025

Sign in

Virtual Demo Day
Menu
  • Home
  • Startup News
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • Manufacturing
    • Press Release
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation
    • Investments
    • Ecosystem & Lists
  • Governments
    • Artificial Intelligence Industry Cluster Agency
    • Daegu Technopark
    • GANGNAM-GU
    • Gyeonggido Business & Science Accelerator
    • Hwaseong Industry Promotion Agency
    • Invest Seoul
    • Korea Creative Content Agency
    • Korea Internet & Security Agency
    • Korea Information Security Industry Association
    • Korea Institute of Startup & Entrepreneurship Development
    • Korea Tourism Organization
    • Korea Trade-Investment Promotion Agency
    • Ministry of Culture, Sports and Tourism
    • Ministry of SMEs & Startups
    • National IT Industry Promotion Agency
    • Pangyo Techno Valley
    • Seoul Business Agency
    • Seoul FinTech Lab
    • South Gyeongsang Province
    • Seoul Metropolitan Government
  • Events
    • COMEUP
    • Korea Fintech Week
    • K-Content Expo
    • NextRise
    • Try Everything
  • Interviews
    • Investors’ interviews
    • Founders’ interviews
  • Programs
    • Asan Voyager
    • CAPA Global Program
    • Campus Town Program
    • SGSC Global Bootcamp
    • Gangnam-gu Global Roadshow
    • Global SaaS Marketplace Support Project
    • LAUNCHPAD
    • COMEUP STARS 120
    • K-Startup Grand Challenge
    • TIPS X beSUCCESS Global Project
    • SFL Global Program
    • KTO Global Showcase
    • Yonsei Univ Global Class
    • KOSME Global Program
  • Partner With Us
    • Press Release
    • Startup Scouting
    • Business Agencies
    • Global Mentorship Program
    • Investment Opportunities
    • K-Scouter Program
  • Lists
  • Virtual Demo Day
  • Home
  • Startup News
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • Manufacturing
    • Press Release
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation
    • Investments
    • Ecosystem & Lists
  • Governments
    • Artificial Intelligence Industry Cluster Agency
    • Daegu Technopark
    • GANGNAM-GU
    • Gyeonggido Business & Science Accelerator
    • Hwaseong Industry Promotion Agency
    • Invest Seoul
    • Korea Creative Content Agency
    • Korea Internet & Security Agency
    • Korea Information Security Industry Association
    • Korea Institute of Startup & Entrepreneurship Development
    • Korea Tourism Organization
    • Korea Trade-Investment Promotion Agency
    • Ministry of Culture, Sports and Tourism
    • Ministry of SMEs & Startups
    • National IT Industry Promotion Agency
    • Pangyo Techno Valley
    • Seoul Business Agency
    • Seoul FinTech Lab
    • South Gyeongsang Province
    • Seoul Metropolitan Government
  • Events
    • COMEUP
    • Korea Fintech Week
    • K-Content Expo
    • NextRise
    • Try Everything
  • Interviews
    • Investors’ interviews
    • Founders’ interviews
  • Programs
    • Asan Voyager
    • CAPA Global Program
    • Campus Town Program
    • SGSC Global Bootcamp
    • Gangnam-gu Global Roadshow
    • Global SaaS Marketplace Support Project
    • LAUNCHPAD
    • COMEUP STARS 120
    • K-Startup Grand Challenge
    • TIPS X beSUCCESS Global Project
    • SFL Global Program
    • KTO Global Showcase
    • Yonsei Univ Global Class
    • KOSME Global Program
  • Partner With Us
    • Press Release
    • Startup Scouting
    • Business Agencies
    • Global Mentorship Program
    • Investment Opportunities
    • K-Scouter Program
  • Lists
  • Virtual Demo Day
Home Startup Investments

Market Kurly: The Fresh Food Delivery Service Korean Startup proving to be a fruitful investment

by KoreaTechDesk Writer
April 11, 2019
in Investments, Marketplaces & E-commerce
5
Market Kurly is a grocery delivery e-commerce service.

Market Kurly is a grocery delivery e-commerce service.

1
SHARES
314
VIEWS
Share on FacebookShare on Twitter

Korean startup Market Kurly, is an online service that delivers fresh groceries at your doorstep.  It is not only seeing phenomenal sales growth but is also getting adequate attention from investors.  Recently the app received 100 billion won or about $88 million in Series D funding from its existing investors.

Market Kurly got its funding from investors at home and abroad including Sequoia Capital China, Global Venture Partners based in London and Berlin and Mirae Asset Venture Investment in Korea. The startup plans to utilise the investment to expand its supply chain area and increase its labour force to deliver more and better stuff.

Fresh grocery at your doorstep for busy households

Market Kurly was founded in 2015 by an ex Goldman Sachs Banker Sophie Kim with providing fresh and healthy food supplies to the growing working class members of Korean households, with the money to buy but no time to go to the market.

Market Kurly delivers premium grocery and food products to its users through online orders made before 11 pm each day and it’s delivered at the consumer’s home before 7 am the next day. The company delivers fresh high-end desserts, bread, milk, bottled water, condiments such as flour and salt, processed foods, meat, juices, fish, eggs, foreign goodies and much more. This app has become popular amongst the health-conscious, single-person and working couple households in South Korea.

The startup had earlier concentrated its sales area in Seoul’s posh Gangnam neighbourhood but with steady investments the company is slowly expanding its delivery service area base.  As per an estimate, the app gets about 3 million orders each month. The demography of its user base is mostly people in the age group of 30 to 50 years old.

Numbers that show the real progress

The company’s growth can be measured through the statistics available through the data by Korean Data Analysis Company Wiseapp.

  • The monthly sales growth for the month of March 2019 for Market Kurly is 34,065,222,118 won or about $29.8 million.

 

  • The monthly number of payment transactions for March 2019 as per figures from Wiseapp are 815,457 times of payment transactions.

 

  • As per the data, the average payment transactions based on hours is that at 10 pm it shows the highest transactions, so users use this site most at 10 pm and the amount is 147,741,396 won or about $129,641.

 

  • The average amount of payment per user per month as per the data is that the highest orders are from 40 to 49 years old female 99,989 won or $87.74 monthly payment. The second highest user per month payment is from 50 to 59-year-old male group, which is 91,428 won or $80.24 and third highest orders come from 30 to 39-year-old female group 88,530 won or $77.68.

*All the revenue data is based on credit card (debit card) transactions and courtesy https://www.wiseapp.co.kr. ‘Payment Amount’ is the amount that a Korean person made a payment at retail with credit card and debit card. It does not include payments made by wire transfer, cash transaction, or gift.

Delivering profits along with fresh food

With its revenue data showing progress, Market Kurly has proved to be a favourable investment for its funders. The app is gaining popularity amongst young Koreans and is likely to see only upward growth.

In 2016, Kurly’s sales reached over 17.3 billion won or US$15.86 million and in 2017 the figure surged to 50 billion won or $43. 8 million. The firm was said to be looking at a public issue, however that news has not been confirmed from any of company’s sources.

When the company had started operations, it was the only one in the business, however, Korea now has similar delivery services from Coupang and E-mart. However, competition has not disrupted Market Kurly’s market much and it remains to grow in numbers.

The investors in Market Kurly have faith in the strength of the business and CEO and founder Sophie Kim’s conviction to run the show.

Fresh Investment in 2020

Despite the gloom of coronavirus led recession – Market Kurly has got some cheerful news. The fast-growing grocery delivery startup, announced on May 8 that it has received 200 billion won ($164.3 million) in Series E funding. The investors includes DST Global, Hillhouse Capital, Sequoia Capital China, Fuse Venture Partners, SK Networks and Translink Capital and Aspex Management. The Series E brings the South Korean startup’s total funding to 420 billion won.

Tags: 2020CoronavirusE-commerceFresh InvestmentfundingInvestmentKorean StartupMarket Kurly
Previous Post

Altos Ventures: Making an impact in the world through serious investments in promising startups

Next Post

Korean startup HivvLab Inc’s cryptocurrency payment system PayCrypto gets upgraded to Ver 1.1

Next Post

Korean startup HivvLab Inc’s cryptocurrency payment system PayCrypto gets upgraded to Ver 1.1

Please login to join discussion

POPULAR POSTS

NEXVERS Secures Series A to Scale TopReels, Korea’s F...
South Korea is advancing its next wave…
by Zee Cindy . 30 Jul 2025

GPTKiller’s Muhayu: First in AI Hiring Tech to Achiev...
Another innovative Korean startup has made history. Muhayu, the company behind AI-powered plagiarism detection service CopyKiller and GPTKiller, is now…
by Chloe kim . 30 Jul 2025

Korean Startup Medipal Enters Vietnam’s $2.5B Digital...
Korean healthtech startup Medipal has entered into a strategic partnership with H+ Yangji Hospital to expand its patient care SaaS…
by Chloe kim . 30 Jul 2025

Strategic EdTech Startup Alliance: Sajagaonda and MEA E...
Korean EdTech startups Sajagaonda and MEA have joined forces in a strategic alliance to reshape student career planning and personalized…
by Zee Cindy . 30 Jul 2025

Coway Life Partners with Petdoc to Integrate Pet Funera...
A notable development is underway in South Korea’s evolving CareTech ecosystem. Coway Life Solution has entered a strategic partnership with…
by Dae-jung Park . 30 Jul 2025

Register for Event

MOST READ ARTICLE OF THE WEEK

1.
South Korea’s Ministry of SMEs and Startups Unveils $2.23 Billion Support Plan for Startups in 2025
3 Jan 2025
2.
South Korea Shines at CES 2025: Global Innovation Champion, Record-Breaking K-Startup Pavilion, Award-Winning Innovations
10 Jan 2025
3.
South Korea Opens Applications for the 10th K-Startup Grand Challenge 2025 – Korea’s Flagship Market-Entry Program Offering ₩950M (US$633K) in Government Support 
7 May 2025
4.
K-Startup Grand Challenge : Empowering Global Startups and Driving Innovation in South Korea
28 Apr 2025
5.
AI in South Korea: Startups Leading the Generative AI Revolution
1 Apr 2025

List Article

1.
6 Reasons Why Seoul Is Poised to Become a Top 5 Global Economic Hub by 2030
20 Aug 2024
2.
Top Co-working Spaces for Startups & Companies to Explore in South Korea
3 Apr 2024
3.
Top Accelerators in South Korea Shaping Startup Success
29 Nov 2023
4.
Top Korean Venture Capital Firms Backing Startup Success
26 Oct 2023
5.
Top Apps for Seamless Korean to English Translation
14 Aug 2023

Similar Articles

AI & Big DataInvestmentsStartup

AIM Intelligence secures $1.3M Pre-A to set global standard in generative AI security

More
Investments

Crit Ventures Backs Korean RaaS Pioneer Neubility with ₩1B ($770K) Investment for Global Expansion

More
Investments

Needer Expands Spot Work Market with Strategic Investment from Japan’s Timee

More

Topics

Menu
  • AI & Big Data
  • AR & VR
  • Blockchain
  • Clean Technology
  • Content & Games
  • Cybersecurity
  • Enterprise & SaaS
  • FinTech
  • Gadgets & Electronics
  • Health & Bio
  • IoT

Program

Menu
  • Asan Voyager
  • CAPA Global Program
  • SGSC Global Bootcamp
  • LAUNCHPAD
  • COMEUP STARS 120
  • K-Startup Grand Challenge
  • TIPS X beSUCCESS Global Project
  • SFL Global Program
  • KTO Global Showcase
  • Yonsei Univ Global Class
  • KOSME Global Program

About

Menu
  • About Us
  • all articles
  • Terms of Use
  • Privacy
  • Cookie-policy
  • twitter

Subscribe and be informed first hand about actual Korean startup news.

All the day’s headlines and highlights, direct to you every morning.

Contact us : [email protected]

Topics

Menu
  • AI & Big Data
  • AR & VR
  • Blockchain
  • Clean Technology
  • Content & Games
  • Cybersecurity
  • Enterprise & SaaS
  • FinTech
  • Gadgets & Electronics
  • Health & Bio
  • IoT

Program

Menu
  • Asan Voyager
  • CAPA Global Program
  • SGSC Global Bootcamp
  • LAUNCHPAD
  • COMEUP STARS 120
  • K-Startup Grand Challenge
  • TIPS X beSUCCESS Global Project
  • SFL Global Program
  • KTO Global Showcase
  • Yonsei Univ Global Class
  • KOSME Global Program

About

Menu
  • About Us
  • all articles
  • Terms of Use
  • Privacy
  • Cookie-policy
  • twitter

Subscribe and be informed first hand about actual Korean startup news.

All the day’s headlines and highlights, direct to you every morning.

© 2023 Koreantech News & Media Korea Zrt. All rights reserved.

Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/

Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/

We hope you enjoy our content, May you please give us Feedback regarding our website!

Single Post Feedback

dgdfgfdgdf

What you think about Koreatechdesk, Share your idea with us!

feedback popup

Invitation submission has been closed

Insert/edit link

Enter the destination URL

Or link to existing content

    No search term specified. Showing recent items. Search or use up and down arrow keys to select an item.