Toss operator Viva Republica backs Oasis Market with $22 million

What's the deal? South Korean fresh-food delivery firm Oasis Market has raised US$25.2M from Viva RepublicaDealroom has a profile for this one. Try Dealroom →, the operator of finance app Toss. The financing takes the form of a third-party allocation share sale, with Viva RepublicaDealroom has a profile for this one. Try Dealroom → as the sole participant.

The terms: Oasis is issuing 647,752 new common shares at US$38.8 each. That lifts its total shares outstanding to 28,716,498, with the payment date set for October 8.

What's the endgame? Oasis runs an online grocery business and offline fresh-food marts. The company plans to use the full amount as working capital, split evenly across 2026 and 2027, to fund new ventures tied to a strategic partnership with Viva Republica.

What could go wrong? The specifics remain thin. Oasis's filing did not disclose the concrete details of the planned new businesses or how much would go to each.

The signal: The deal sits in the upper tier of recent rounds by size, placing it around the 71st percentile among comparable financings. More notably, it ties a fresh-food delivery player to one of Korea's largest fintech platforms — a pairing that hints at commerce and finance converging around the grocery basket.

Read more: edaily.co.kr

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