Oasis Market Becomes Unicorn... Korea and NH Securities Jointly Invest 10 Billion Won

"Corporate Value Recognized at 1.01 Trillion KRW"

[Asia Economy Reporter Kim Yuri] Dawn delivery company Oasis Market announced on the 28th that it successfully raised 10 billion KRW in investment from two securities firms serving as lead underwriters for its IPO. It was explained that the company was recognized with a corporate value of 1.01 trillion KRW, thereby becoming a unicorn (a private company valued at over 1 trillion KRW).

On the 28th, Oasis Market revealed that it secured a total investment of 10 billion KRW, with 5 billion KRW each from Korea Investment & Securities and NH Investment & Securities. The corporate value recognized in this investment was 1.01 trillion KRW after the 10 billion KRW investment, surpassing 1 trillion KRW just one year and six months after its first investment round in April last year.

Previously, Oasis Market succeeded in raising 50 billion KRW in investment from Unison Capital in July. At that time, the corporate value was 750 billion KRW post-investment. In April last year, Korea Investment Partners, the top venture capital firm, made the first investment with a corporate value of 152.6 billion KRW.

The company explained that it is the only e-commerce company currently recording profits, and that its current value is not considered excessively high compared to companies in the same industry.

Oasis Market emphasized the significance of this investment being made by Korea Investment & Securities and NH Investment & Securities, who are also the joint lead underwriters for the IPO. The company stated, "This kind of case is exceptional," adding, "It shows that there is strong trust in the company's growth potential and confidence in a successful IPO."

This investment is incorporated as equity rather than debt, so Korea Investment & Securities and NH Investment & Securities will become shareholders of Oasis Market after the capital injection. The capital injection will take place next month. With this, Oasis Market has recorded cumulative investments of 92.6 billion KRW. Including the investment amount from Oasis’s parent company, GeoSoft, the total reaches approximately 112.6 billion KRW.

Oasis Market said, "We were highly evaluated for supplying eco-friendly and organic food products at reasonable prices, as well as efficiently operating online dawn delivery services by combining logistics technology," adding, "We also received high marks for being the only dawn delivery company to record profits and maintain a solid financial structure."