ABLY
ABLY, a Korean eCommerce Fashion startup has entered the fray. It makes personalized fashion and product recommendations based on Big Data. ABLY runs programs for both Sellers and Partners. Sellers do not pay any platform fees. The logistic and customer support service fees generate ongoing revenue for the Partners. Since 2018, ABLY's revenue has been increasing.
Furthermore, as a result of their aggressive expansion, the volume of operation loss is increasing. The South Korean government has promoted ABLY as a potential future unicorn startup in Korea. The ABLY app is Korea's first shopping app that collects social media influencer stores. The app has over 10,000 sellers and 15 million users, and it is valued at $750 million post-money. KDB Bank, LB Investment, Signite Partners, Kolon Investment, and Neoplux contributed $55 million to their series C financing.
“To lead the next-generation online commerce innovation, we are preparing to expand the category that encompasses a variety of products such as home decor and handmade products beyond women’s fashion,” said the CEO of ABLY, Kang Seok-hoon.
Website: https://m.a-bly.com/
