[ad_1] A few decade in the past, Donghwan Kim helped his cousin, a ceramist, search for gross sales channels, like flea markets, to promote his ceramics. However that they had a tough time finding an appropriate platform, so after a couple of 12 months, Kim determined to create a market for handmade items himself in South Korea known as Backpackr. As we speak, Backpackr, which operates handmade market known as idus, has raised a $16 million (20 billion received) extension to its Collection C financing, two-and-a-half years after its first Collection C, which was $24 million (about 30 billion received). The…
Author: Kate Park
[ad_1] Viva Republica, an operator of South Korean finance tremendous app Toss, has finalized a $405 million Sequence G funding and it says it’s now valued at 9.1 trillion gained ( $7 billion), up from 8.5 trillion gained in June 2021, when it raised $410 million in pre-Sequence G funding at a $7.4 billion (8.5 trillion gained) valuation. (South Korea’s foreign money has depreciated in opposition to the greenback this yr.) The corporate’s latest funding caught our consideration, together with that it alerts the corporate is doing comparatively nicely amid a dismal macroeconomic outlook. Certainly, in contrast to world fintech corporations,…
[ad_1] A cloud kitchen — also referred to as a ghost kitchen or a shared kitchen — gives restaurant homeowners and meals entrepreneurs a business kitchen area at a decreased value for meals supply and takeout. This development has been circling across the restaurant business. Extra meals entrepreneurs are turning to cloud kitchens to cut back their operation prices and seize the explosive progress of meals supply. A Manila-headquartered startup referred to as CloudEats, which operates cloud kitchens throughout the Philippines and Vietnam, simply raised a $7 million Collection A extension led by Nordstar to speed up the digitization of…
[ad_1] Provide chain disruption attributable to the COVID-19 pandemic and the conflict in Ukraine is driving elevated prices of products and providers, affecting not solely the economic sector (e.g., semiconductors), but in addition the agriculture business. International meals costs have dropped for 3 consecutive months however nonetheless stay comparatively excessive in comparison with final 12 months, per the 2022 report by the Meals and Agriculture Group of the United Nations. South Korean startup Tridge desires to deal with the problem through its on-line commerce platform that matches international meals agriculture consumers and sellers. The platform helps from analysis to ordering…