# Onul-siktak

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/onul-siktak

- Industry: Food
- Headquarters: Busan, South Korea
- Website: http://www.onul-hoi.com
- Total disclosed funding: $19M
- Latest round: Series C (Jul 11, 2022)
- Investors on record: 11

## About

Based in South Korea, Onul-siktak distributes high-quality seafood products, focusing on fresh sashimi-grade fish and marine delicacies to meet the culinary market's demands.Onul-siktak is engaged in the distribution of premium seafood products. Founded in 2017 in Busan, South Korea, the company has completed four deals, with its latest being a Series C funding round on July 11, 2022, raising KRW 5 billion from Hana Ventures.Onul-siktak specializes in the distribution of high-quality seafood, primarily fresh sashimi-grade fish and marine delicacies. Its offerings include seasonal fish such as flounder, shrimp, sea urchin, and premium salmon, all certified for safety. The company markets these products directly to consumers and businesses, addressing the culinary demand for freshness and quality. It operates nationwide in South Korea, delivering to a broad customer base that includes consumers and restaurants.Onul-siktak operates a revenue model based on direct-to-consumer sales and B2B transactions, focusing on fresh seafood through a subscription service and occasional promotional pricing. Individual seafood items can be purchased, with flagship products priced from approximately 4,700 KRW to 69,900 KRW for premium selections. This pricing strategy enhances accessibility for consumers while ensuring profitability from business clients seeking high-quality ingredients. Efficient transaction management through online platforms facilitates quick order processing across the country, maintaining the integrity of freshness and quality.In July 2022, Onul-siktak raised KRW 5 billion in Series C funding, which will be utilized to improve logistics. The company aims to enhance its service delivery and product offerings, although specific new products or markets for expansion have not been disclosed.

## Funding rounds

- Series C, Jul 11, 2022, $3.9M — Hana Ventures
- Series B, Jan 26, 2021, $11M — WOORI Venture Partners, Korea Investment Partners, Mirae Asset Capital, Daesung Private Equity, Mirae Asset Venture Investment, K-Growth, KT Investment, GAIA Venture Partners, Hana Ventures
- Series A, Aug 7, 2019, $3.3M — WOORI Venture Partners, Korea Investment Partners, Daesung Private Equity, Soorim Venture Capital
- Seed, Dec 6, 2018, $0.7M — Daesung Private Equity, Banks Foundation for Young Entrepreneurs, Soorim Venture Capital

## Investors

- Daesung Private Equity (https://capitalatlas.ai/funds/daesung-private-equity) — Seed, Series A, Series B
- Banks Foundation for Young Entrepreneurs — Seed
- Soorim Venture Capital (https://capitalatlas.ai/funds/soorim-venture-capital) — Seed, Series A
- WOORI Venture Partners (https://capitalatlas.ai/funds/woori-venture-partners) — Series A, Series B
- Korea Investment Partners (https://capitalatlas.ai/funds/korea-investment-partners) — Series A, Series B
- Mirae Asset Capital (https://capitalatlas.ai/funds/mirae-asset-capital) — Series B
- Mirae Asset Venture Investment (https://capitalatlas.ai/funds/mirae-asset-venture-investment) — Series B
- K-Growth (https://capitalatlas.ai/funds/k-growth) — Series B
- KT Investment (https://capitalatlas.ai/funds/kt-investment) — Series B
- GAIA Venture Partners (https://capitalatlas.ai/funds/gaia-venture-partners) — Series B
- Hana Ventures — Series B, Series C