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New Deal


Announced

Completed

Aspex Management, DST Global, Sequoia Capital China, and Hillhouse Capital led a $200m Series F funding round in Kurly.

Financials

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Transaction Value£143m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales2.6x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Friendly

Completed

Private

Single Bidder

Venture Capital

Acquisition

E-commerce

grocery delivery

grocery distributor

food delivery platform

South Korea

Private Equity

Minority

Cross Border

Synopsis

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Aspex Management, DST Global, Sequoia Capital China, and Hillhouse Capital led a $200m Series F funding round in Kurly, an operator of South Korea’s mobile grocery app “Market Kurly“. Additional investors included Millenium Management and CJ Logistics. “This funding round is a testament to Kurly’s contributions in transforming customer’s everyday habit of conducting grocery shopping at physical stores into a more convenient way of shopping online by offering a superior selection of products through its innovative delivery service,” Seul-A Kim, Kurly CEO and Founder.

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