Balaan
Korea's luxury fashion destination
Balaan was founded in 2015, is headquartered in Seoul, South Korea, lists 51–200 employees, and has $17.0M in recorded funding across 3 rounds.
- Headquarters
- Seoul
- Employees
- 51–200
- Founded
- 2015
- Business Model
- Marketplace
- Website
- balaan.co.kr
- Total Funding
- $17.0M
- Last Round
- $17.0M Series COct 2022
- Rounds
- 3
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
Indexed holds 3 funding rounds and 3 investors for this company. The full record is or through the API.
About
Balaan (발란) is a South Korean online luxury fashion marketplace founded in 2015 and headquartered in Seoul, connecting consumers with authenticated designer goods from global boutiques and brands including clothing, footwear, and accessories. The platform aggregates luxury inventory from hundreds of domestic and international retailers, enabling Korean consumers to shop premium brands at competitive prices with authenticity guarantees. Balaan grew rapidly during South Korea's luxury e-commerce boom before entering court receivership amid tightening venture capital and competitive pressure in 2023–2024.
Summary
Balaan is an E-Commerce company based in Seoul, South Korea, founded in 2015. It lists 51–200 employees. It has raised $17.0M in total across 3 rounds, most recently a $17.0M Series C round in Oct 2022. Investors include Shinhan Venture Investment, Company K Partners and KTB Ventures.
Funding History
Oct 2022
Sign up to see all 3 events
Funding: Series B through Series C. Amounts, valuations, and investors where available.
Investors
Similar Companies
American hotel and casino entertainment company operating resorts, casinos, and hospitality exper...
Didi Chuxing is a mobile transportation platform, offering a full range of commuting options to 4...
iHeartMedia reaches American audiences through radio, podcasts, digital audio, social media, and ...
Reliance Retail operates an online and offline retail business in Food & Grocery, Fashion & Lifes...
Appears in
Your company? Embed this profile
Add the live badge to your site — it stays current as your funding data updates.
<a href="https://indexed.vc/companies/balaan"><img src="https://indexed.vc/api/badge/company/balaan" alt="Balaan on Indexed.vc" width="260" height="76" /></a>