KKR leads $190M Series C Round in Korean online platform MUSINSA

MUSINSA, an online fashion platform in South Korea, and KKR announced the signing of definitive agreements under which funds managed by KKR will lead the $190M Series C fundraise of MUSINSA, with participation from Wellington Management, one of the world’s largest independent investment management firms. Mukul Chawla, Partner and Head of Growth Equity, Asia Pacific for KKR, said, “MUSINSA has developed itself as a top consumer Internet platform in Korea and a differentiated marketplace by its ability to scale rising brands, enable the creator economy for fashion, engage and provide a high-quality e-commerce experience for customers. We see enormous opportunity for MUSINSA to build on its leading position in a fast-growing K-fashion market that continues to shift online and expand globally on the back of K-culture’s explosive reach. We are excited to partner with the management team and look to leverage KKR’s global network, operational expertise, and deep technology experience to take MUSINSA to its next phase of growth.”