Korean Fashion Platform Musinsa Receives $190 Million Investment

Musinsa, an online fashion platform in South Korea, has received $190 million in investment. The platform received investment from Wellington Management, Lenskart, Advanced Navigation, Privy, GrowSari and NetStars in a Series C round led by KKR. Mukul Chawl, Partner and Head of KKR Asia Pacific Growth Equity and Munil Han, CEO of MUSINSA shared their comments on the subject.

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Musinsa Among the 10 Most Innovative Asia Pacific Companies in 2023

Musinsa was founded in 2001 as an online sneaker community. Today, it is a marketplace that includes more than 8,000 domestic and foreign designer brands and one in-house brand (musinsa standard) in South Korea. It is also an online fashion marketplace that supports the creative economy for fashion in South Korea. Over the years, the platform has expanded to include a comprehensive ecosystem. It also provides online-based fashion brands with a physical space for pop-up stores. Fast Company named Musinsa one of the "10 most innovative Asia Pacific companies of 2023" for "globalizing K-fashion" in 2023. This Series C is the company's third fundraising event. And it follows the successful KRW 130 billion Series B round in 2021 and the successful KRW 100 billion Series A round in 2019.