Bungaejangter
Latest round
- Seed
Last raised
- Jun 2011
Total raised
- Undisclosed
Investors
- 1
About Bungaejangter
Based in South Korea, Bungaejangter Inc.Founded in 2011 and headquartered in Seoul, South Korea, Bungaejangter Inc. operates as a marketplace for second-hand goods. The company has completed 10 deals to date, with its most recent deal occurring on July 11, 2024.Bungaejangter operates as a platform facilitating the buying and selling of second-hand goods, primarily focusing on consumer-to-consumer (C2C) transactions. The platform enables users to list a variety of products, ranging from fashion items and electronics to collectibles and home goods. Users can easily navigate the platform to discover items that suit their needs, and the service aims to resolve issues related to the accessibility and affordability of quality second-hand products. As a significant marketplace in South Korea, it serves a diverse customer base that includes individual sellers looking to monetize unused items and buyers seeking cost-effective alternatives to new products.Bungaejangter generates revenue primarily through transaction fees applied to the sales made on its platform. When a user successfully sells an item, a predetermined percentage of the sale price is retained as a fee, which facilitates the platform's operational costs and development. Transactions occur directly between consumers, with Bungaejangter providing the infrastructure for listings and communications, ensuring a seamless buying and selling experience. The platform accommodates various categories of products, including fashion brands, electronics, and home decor, which are strategically priced to attract budget-conscious consumers.In July 2024, Bungaejangter Inc. The company plans to introduce new product lines to enhance its marketplace offerings and improve user experience. Additionally, it aims to penetrate new geographic regions, with specific plans for expansion into cities beyond South Korea by the end of 2025.
Who invested in Bungaejangter
1 investor across 1 round
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Funding rounds
Seed
Jun 1, 2011
Amount
Undisclosed
Investors
Questions about Bungaejangter
Who invested in Bungaejangter?
Bungaejangter has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Bungaejangter raised?
Bungaejangter has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Bungaejangter last raise money?
Bungaejangter's most recent round on record is a Seed, in Jun 2011.
What does Bungaejangter do?
Based in South Korea, Bungaejangter Inc.
Where is Bungaejangter headquartered?
Bungaejangter is headquartered in Seoul, South Korea.
Which VCs invest in companies like Bungaejangter?
Among active investors with capital left to deploy, Shanghai State-owned Capital Investment Leading Fund, Peak XV Partners, MPCi and Luminous Ventures back consumer products companies at Bungaejangter's stage. Their profiles are linked below.
VCs backing consumer products startups at Seed
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