Balaan

A luxury fashion marketplace that innovates luxury fashion industry by utilizing IT and reforming distribution structure with 200+ boutiques.

Launch date

2015

Employees

Market cap

Enterprise valuation

AUD211m (Public information from Oct 2022)

Seoul South Korea (HQ)

Revenues, earnings & profits over time

USD	2021	2022	2023
Revenues	4.8m	9.6m	9.6m
% growth	-	99 %	-

Date	Investors	Amount	Round
-	SparkLabs Group	N/A	-
Sep 2017	SparkLabs Korea	N/A	Seed
Mar 2018	SBI Investment Kolon Investment	$2.0m	Series A
Dec 2019	SBI Investment Korea JB Asset Management Mega Investment Kolon Investment WeVenture	$8.0m	Series B
Nov 2020*	Naver	N/A	-
May 2021	Naver SBI Investment Shinhan Capital Mega Investment Kolon Investment Company K Partners Korea Growth Investment Corp Daol Investment	$27.0m	Series B
Oct 2021*	Naver SBI Investment Shinhan Capital Mega Investment Kolon Investment Company K Partners Korea Growth Investment Corp	KRW32.5b	Series B
Oct 2022*	Daol Investment (Formerly KTB Network) Shinhan Capital Company K Partners	KRW25.0b Valuation: KRW162.5b	Series C
Total Funding		AUD132m

Tech stackLearn more about the technologies and tools that this company uses.

Financials