Oasis Market Valuation, Funding & Investors

Oasis Market is valued at $1B as of June 2022.

Last Oasis Market valuation

$1B

Secondary · Jun 2022

Last Oasis Market funding round

$8M

Strategic investment · Feb 2022

Cumulative funding Oasis Market raised

$108M

across 7 funding rounds

Key investors in Oasis Market

  • Korea Investment Partners
  • NH Investment & Securities
  • Korea Investment & Securities
  • Kakao Investment
  • TONY Investment
  • Unison Capital

Oasis Market Overview

About Oasis Market

Oasis Market is a Seoul-based e-commerce retailer offering next-day delivery of groceries, household essentials, and beauty products through its online portal and physical stores. The company stocks over 10,000 SKUs from brands like Amorepacific and Lotte, emphasizing competitive pricing and quality assurance. Founded in 2010, it operates 50 outlets in the capital region with a logistics network handling 100,000 orders daily.


Founded

2011

HQ

South KoreaSeongnam

Status

Privately held

Customer focus

B2C

Revenue model

Product sales

Valuation

$1B (Jun 2022)

Oasis Market Valuation

Oasis Market is currently valued at $1B, based on its secondary sale in June 2022.

Oasis Market's valuation has grown 8.0x from $125M at its undisclosed-stage round in April 2020 to $1B in June 2022, across 7 priced rounds.

Oasis Market valuation by funding round

Oasis Market valuation by funding round
DateStageValuation
Jun 2022Secondary$1B
Feb 2022Strategic investment$1B
Oct 2021Undisclosed stage$931M
Jul 2021Undisclosed stage$654M
Mar 2021Undisclosed stage$292M
Dec 2020Seed$146M
Apr 2020Undisclosed stage$125M

Oasis Market Funding History

Oasis Market has raised a total of $108M across 7 funding rounds, plus 1 secondary share sale.

Oasis Market's first fundraising round was a $10M undisclosed-stage round in April 2020. The most recent completed round was a $8M strategic investment round in February 2022.

Oasis Market funding rounds

Oasis Market funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jun 2022Secondary-$26M$1BOasis Market was valued at $1,001.18 million as of February 2022. The company completed a secondary market transaction for $26.28 million on June 7, 2022, involving existing shareholders. The transaction represents one of multiple rounds of funding activity tracked for the company.
Feb 2022Strategic investmentHome & Shopping (lead)$8M$1B-
Oct 2021Undisclosed stageKorea Investment & Securities (lead); NH Investment & Securities (lead)$9M$931MOasis Market is a Korean e-commerce platform specializing in fresh food and grocery dawn delivery, offering antibiotic-free, eco-friendly products through an in-house organic brand. The company operates a smart logistics solution called Oasis Route, which enhances work efficiency via integrated packaging and online-offline synergy. On October 28, 2021, Oasis Market raised 10 billion KRW in total, with 5 billion KRW each from lead investors Korea Investment & Securities and NH Investment & Securities. This investment valued the company at over 700 billion KRW ($611 million). Oasis Market partnered with these same underwriters for its planned IPO, later listing on Kosdaq in February 2023 at a market value of 967.9 billion to 1.25 trillion KRW.
Jul 2021Undisclosed stageUnison Capital (lead)$44M$654MOasis Market is a South Korea-based grocery delivery platform founded in 2011, initially operating as an offline organic food retailer before launching an online early morning delivery service in 2018. It positions itself as one of Korea's major players in the space, competing with Market Kurly and focusing on healthy, organic products including vegetables, side dishes, and beauty items. The company claims to be the only profitable grocery delivery service in Korea, emphasizing a solid profit-generating structure. In July 2021, Oasis Market raised 50 billion KRW (approximately $44 million) from Unison Capital in a private equity round, achieving a post-money valuation of 750 billion KRW, nearly doubling from 315 billion KRW three months prior and marking a fivefold increase from 140-152.6 billion KRW in April 2020. This brought cumulative external investments to around 86.6-92.6 billion KRW, plus parent company GeoSoft contributions totaling about 112.6 billion KRW by late 2021. Unison Capital served as the lead investor. The funding supported strategic expansion, including plans for US market entry, channel diversification, and operational scaling. Subsequent rounds built on this momentum: October 2021 investment of 10 billion KRW from Korea Investment & Securities and NH Investment & Securities at 1.01 trillion KRW valuation, followed by another 10 billion KRW from Home&Shopping in early 2022 at 1.02 trillion KRW post-money, maintaining unicorn status. These investments positioned Oasis Market for an IPO, with securities firms as underwriters.
Mar 2021Undisclosed stagePenta Stone Investment; Cornerstone Investment Partners; Must Ventures$13M$292M-
Dec 2020SeedKakao Investment (lead)$5M$146MOasis Market is a fresh food delivery company that received investment from Kakao Investment. In late 2020, the company was valued at 218 billion KRW in a funding round, with the conversion rate set at 455,835 won per share. The investment was part of Kakao's broader investment strategy in logistics and marketplace businesses within its ecosystem.
Jun 2020Undisclosed stageKorea Investment Partners$20M-Oasis Market is a South Korean grocery delivery platform founded in 2011. It has raised a total of approximately $87.04M over 8 or 9 rounds from 9 investors, including Korea Investment & Securities, NH Investment & Securities, Home and Shopping, Unison Capital, and strategic investor Kakao Investment. Investors include entities like E-Land Retail in a Secondary Market round of $26.28M on June 7, 2022. Later developments include Oasis considering the acquisition of struggling e-commerce platform 11Street in 2024, potentially to support a second IPO attempt after canceling one in 2023 due to poor market valuation amid economic slowdown. By 2021, the company's valuation exceeded $650 million, indicating growth in the competitive grocery delivery sector.
Apr 2020Undisclosed stageKorea Investment Partners (lead); TONY Investment$10M$125MOasis Market is a Korean e-commerce platform specializing in dawn delivery of fresh food, organic goods, and house brands, launched in 2018 as an expansion from Oasis's offline organic stores founded in 2011. The company received 12.6 billion KRW investment from Korea Investment Partners in 2020. Oasis has maintained profitability for 13 consecutive years through efficient inventory management via time sales at offline stores. Korea Investment Partners, referred to as Hantupa PE, became Oasis's second-largest shareholder after the 2020 investment and held 15.1% stake as of recent reports. Later developments include a failed 2023 Kosdaq IPO attempt targeting over 1 trillion KRW valuation but receiving 600-700 billion KRW demand forecast, followed by plans for another IPO after acquiring Timon for 18.1 billion KRW to become a comprehensive e-commerce player.

Who has invested in Oasis Market?

10 investors have backed Oasis Market across its funding rounds, including Korea Investment Partners, NH Investment & Securities, Korea Investment & Securities, Kakao Investment, TONY Investment and Unison Capital.

Lead investors include Home & Shopping, Korea Investment & Securities, NH Investment & Securities, Unison Capital, Kakao Investment and 1 other investor.


Oasis Market Investors

Investors in Oasis Market by funding rounds participated
InvestorHQRoundsRoleFirst check
Korea Investment PartnersSouth KoreaSeoul2LeadApr 2020
TONY InvestmentSouth KoreaSouth Korea1ParticipantApr 2020
Korea Investment & SecuritiesSouth KoreaSeoul1LeadOct 2021
Unison CapitalJapanTokyo1LeadJul 2021
Home & ShoppingSouth KoreaSeoul1LeadFeb 2022
NH Investment & SecuritiesSouth KoreaSeoul1LeadOct 2021
Penta Stone InvestmentSouth KoreaSeoul1ParticipantMar 2021
Cornerstone Investment PartnersSouth KoreaSeoul1ParticipantMar 2021

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by Oasis Market

Oasis Market has acquired 1 company to date.

Last acquisition by Oasis Market was on June 23rd 2025. Oasis Market acquired TMON for $13M.


Latest Acquisitions by Oasis Market

TMON
Description
TMON is a Seoul-based e-commerce platform that dominates South Korea's daily deals market across goods, local services, and travel verticals. Launched in 2010 as Ticket Monster, it partners with 15,000 merchants to offer 47,000 stock-keeping units, with mobile transactions comprising 70 percent of its volume in 2014. The company expanded into full e-commerce by acquiring WeMakePrice in 2021, bolstering its position against competitors like Coupang. TMON reaches diverse age groups through flash sales on electronics, restaurant deals, and vacation packages.
HQ CountrySouth Korea
HQ City
Seoul
Deal Date23 Jun 2025
Valuation$13M
EV/Revenue
EV/EBITDA

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Oasis Market Competitors

Oasis Market competitors include listed companies like Hepsiburada and Bxn Holding, and private ones like HexClad, Rothy's, SellerX and Womai.

Public and private companies comparable to Oasis Market
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
HexCladUnited StatesLos Angeles, CAPrivate--$1B-
Rothy'sUnited StatesSan Francisco, CAPrivate$211M-$1B4.7x
SellerXGermanyBerlinPrivate--$1B-
WomaiChinaBeijingPrivate--$1B-
HepsiburadaTurkeyTurkeyPublicly listed$1.7B($51M)$957M0.3x
Bxn HoldingChinaChinaPublicly listed$771M$100M$836M0.8x

Oasis Market Public Comps

Oasis Market is still privately-owned, but its public comps include Moonpig Group, Hepsiburada, Jumia Technologies AG, Brainbees Solutions, Boozt, Chancemate, GoodRx, Bxn Holding, CEWE Group and Apotea.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Moonpig Group$501M$140M2.3x2.3x8.2x8.2x
Hepsiburada$1.7B($51M)0.5x0.3x(15.8x)28.7x
Jumia Technologies AG$189M($51M)4.8x4.2x(17.8x)(26.4x)
Brainbees Solutions$866M$29M1.1x1.0x31.8x23.1x
Boozt$845M$71M1.1x1.0x13.0x10.3x
Chancemate$160M$19M3.7x4.3x30.9x28.1x
GoodRx$797M$173M1.8x1.8x8.1x5.5x
Bxn Holding$771M$100M0.8x0.8x6.4x6.0x

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Common questions about Oasis Market

When was Oasis Market founded?Oasis Market was founded in 2011.
Where is Oasis Market headquartered?Oasis Market is headquartered in Seongnam, South Korea.
Is Oasis Market publicly listed?No, Oasis Market is a private, VC-backed company.
What is Oasis Market's valuation?Oasis Market was last valued at $1B in its secondary sale in June 2022.
How much funding has Oasis Market raised?Oasis Market has raised $108M across 7 funding rounds.
What was Oasis Market's last funding round?Oasis Market's last funding round was a $8M strategic investment round in February 2022, led by Home & Shopping.
Who are Oasis Market's investors?Oasis Market's investors include Korea Investment Partners, TONY Investment, Korea Investment & Securities, Unison Capital, Home & Shopping, NH Investment & Securities, Penta Stone Investment, Cornerstone Investment Partners, Kakao Investment and Must Ventures.
Which companies are comparable to Oasis Market?Companies comparable to Oasis Market include HexClad, Rothy's, SellerX, Womai, Hepsiburada and Bxn Holding.
How many companies has Oasis Market acquired?Oasis Market has acquired 1 company, including TMON.
What was the largest acquisition by Oasis Market?The $13M acquisition of TMON in June 2025 is the largest acquisition Oasis Market has made to date.

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