bearish
Kurly: A Market Leader in Fresh Foods E-Commerce Market in Korea
449 Views01 Jul 2022 14:54
SUMMARY
- Kurly is the number one player in Korea focusing on e-commerce of fresh foods. Kurly's most recent valuation was about 4 trillion won in December 2021.
- Coupang is trading at P/S and P/GP multiples of 1.2x and 7.4x (2021), respectively. Using these valuation multiples, Kurly's valuation would be from 1.9 trillion won to 2.2 trillion won.
- These valuations would represent nearly half of the 4 trillion won in private market valuation it received in December 2021.
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