With $168 million from Series C, the reselling marketplace Kreams valuation rises to $742 million.
Kream, a platform for reselling luxury products such as handbags, apparel, and accessories, has received $168 million 220.6 billion won in a Series C
Kream, a platform for reselling luxury products such as handbags, apparel, and accessories, has received $168 million 220.6 billion won in a Series C financing, more than doubling its previous valuation of $306 million in October 2021. This increase values Kream at roughly $742 million. It has now raised more than $266 million in total. According to chief business officer CBO Mingook Kim, the company will use the Series C funds to invest more, primarily in Asia, in line with its longterm objective of strategically connecting Asiabased reselling platforms so that its users can use Kream and its C2C resale affiliates to buy and sell upmarket goods. Also, Kream will expand its selection of luxury goods and new brands.
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B2B Tech News | 6 months ago