COMPANY PROFILE

Balaan

A luxury fashion marketplace that innovates luxury fashion industry by utilizing IT and reforming distribution structure with 200+ boutiques

Seoul, South KoreaFounded 2015eCommerce & Marketplaces

Valuation $100–250M Last recorded · 2022

Revenue $1–10M Latest reported FY

Headcount <100 Current team size

Total funding $50–100M Disclosed equity funding

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About Balaan

Balaan is a South Korean online platform specializing in the sale of luxury fashion goods. The company operates as a marketplace, connecting consumers with a wide range of products from thousands of designer brands, including clothing, accessories, and jewelry. Its business model is centered on e-commerce, offering a digital storefront for luxury items sourced from various boutiques, primarily in Europe. The platform caters to a clientele interested in high-end fashion, providing them with access to a large and diverse inventory.

Despite its rapid growth and significant user base, Balaan has encountered financial challenges, leading to a corporate rehabilitation process. The company's revenue is generated through the sale of products on its platform, where it competes with other online and offline luxury retailers in the market.

MoreLess Source: Dealroom company data

At a glance

Status: Operational
Founded: 2015
Headquarters: Seoul, South Korea
Employees: 36
Open positions: None listed
Dealroom signal: 62.4/100
Industry: Fashion
Sub-industry: Apparel, Luxury
Sector: eCommerce & Marketplaces, Luxury
Business model: Marketplace & ecommerce
Client focus: b2c
Links: Website LinkedIn

Knowledge graph

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Funding history

8 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
CONVERTIBLEOther financing	Feb 2025	$0	—	Silicon2	↗
SERIES COther financing	Oct 2022	$21M	$136M	Daol Investment (Formerly KTB Network) · Shinhan Capital · Company K Partners	↗

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Financials

Revenue over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

Year	Revenue	Growth
2026
2025
2024
2023
2022
2021		—

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Growth signals

Balaan website traffic

Latest recorded traffic for Balaan is 12K monthly website visits, down 89.1% over the last three months. Balaan's team declined 16.3% over the past year.

Latest monthly visits12K 3-month web change-89.1% 1-year team growth-16.3%

Monthly website visitsDec 2018–Jul 2026

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Similar companies

Closest operating peers by Dealroom taxonomy

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OVOpen for VintageThe trusted destination for pre-owned luxury handbags and jewellery, sourced exclusively from our boutique partners	London, United Kingdom	Operational
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