Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Private Capital Markets

Danggeun Market / Private Capital Markets

In the midst of the COVID-19 pandemic, Danggeun Market has surged to become the number one player in the used goods e-commerce marketplace in Korea in 2020. <a href="http://www.theinvestor.co.kr/view.php?ud=20190909000563" target="_blank" rel="noopener">Danggeun Market</a> is a secondhand marketplace app that links buyers and sellers based on their locations and reviews. Established in 2015, Danggeun Market received 40 billion won ($33.5 million) in funding in September 2019 from Altos Ventures, Goodwater Capital, Softbank Ventures, Kakao Ventures, Strong Ventures, and Capstone Ventures. Certainly, Danggeun Market has some very strong financial backers. Secret Sauce of Danggeun Market - The combination of ease of use, the quick neighborhood-based marketplace, and location-based services using artificial intelligence are the main reasons why the Korean consumers have flocked to using Danngeun Market app. The explosive growth and popularity of Danggeun Market have resulted in a heightened competitive threat to other shopping e-commerce platforms including Coupang, 11st (SK Telecom affiliate), Wemakeprice, Gmarket, and Naver.

In the midst of the COVID-19 pandemic, Danggeun Market has surged to become the number one player in the used goods e-commerce marketplace in Korea in 2020. Danggeun Market is a secondhand marketplace app that links buyers and sellers based on their locations and reviews. Established in 2015, Danggeun Market received 40 billion won ($33.5 million) in funding in September 2019 from Altos Ventures, Goodwater Capital, Softbank Ventures, Kakao Ventures, Strong Ventures, and Capstone Ventures. Certainly, Danggeun Market has some very strong financial backers. Secret Sauce of Danggeun Market - The combination of ease of use, the quick neighborhood-based marketplace, and location-based services using artificial intelligence are the main reasons why the Korean consumers have flocked to using Danngeun Market app. The explosive growth and popularity of Danggeun Market have resulted in a heightened competitive threat to other shopping e-commerce platforms including Coupang, 11st (SK Telecom affiliate), Wemakeprice, Gmarket, and Naver.

Danggeun Market - Surging to #1 App of Used Goods E-Commerce in Korea

South Korea

Daangn Market Inc. operates as a second hand trading life information software company. The Company provides second hand deals, neighborhood information, online advertisements and transactional, mobile messengers, mobile platform construction, and other related mobile internet services. Danggeun Market markets its products throughout South Korea.

Danggeun Market (1747044D KS)

Danggeun Market - Surging to #1 App of Used Goods E-Commerce in Korea

In the midst of the COVID-19 pandemic, Danggeun Market has surged to become the number one player in the used goods e-commerce marketplace in Korea...

Douglas Kim