Kurly, a startup that operates a grocery delivery service in Korea, said today that it has closed an upsized Series D round that reached a total of $113 million.
The company announced the round in April when it was $88 million led by investors that include Sequoia China, however it has now increased by $25 million. That’s thanks to an injection from China’s Hillhouse Capital, a firm which counts Tencent, Meituan and JD.com among its most successful investments.
Launched in 2015 by former Goldman Sachs and Temasek analyst Sophie Kim, its Kurly Market service is designed to provide groceries and produce to customers who don’t have the time or interest to visit regular retail stores for their shopping.
Kurly Market delivers orders by 7am each morning with customers given until 11pm the previous day to place their order.
Korea is the place for speedy deliveries, if that’s your thing. Coupang, a company backed by SoftBank’s Vision Fund that’s widely seen as ‘the Amazon of Korea’ — and valued at $9 billion, to boot — has built out an impressive network that allows same- and next-day delivery for its “millions”of customers.
Coupang CEO Bo Kim told TechCrunch last year that his company was “approaching” $5 billion in revenue for 2018 with 70 percent annual growth. Additionally, he said, one in every two adults in Korea have the Coupang app on their phone and, having started out in Amazon-like areas, Coupang is doubling down on fresh produce with its own cold chain logistics network.
That represents a direct challenge to Kurly, which differentiates itself by operating through its own brands, unlike Coupang, which runs using a marketplace model to connect retailers with consumers. Kurly is also focused on convenience over cost savings, indeed its service began in Seoul’s high-end Gangnam neighborhood but has since expanded more widely.
Still, investors are bullish on Kurly and its laser focus on produce and groceries.
Kurly said its revenue grew three-fold year-on-year to reach $131 million in 2018, although it did not provide profit/loss figures.
“The latest round of investment is a major endorsement of the progress we’ve made differentiating ourselves in the market through our cold-chain fulfillment infrastructure and unique offering of premium, curated products. Our focus is on further strengthening our relationships with our suppliers, developing our fulfillment infrastructure and continually improving our customer experience,” Kim said in a statement.
12 Best Uses For Old Computer Keyboards
Maybe you want to wear your love of keyboards on your sleeve, but earrings and charm bracelets are just a little too ostentatious for your taste. Enter the subtler and more stylish buttons and cufflinks. Not only is this a more discreet way of keeping your old keyboard close, but it’s also among the easiest projects we have for you.
You’ll only need a few supplies, at least one of which you already have at hand. There aren’t any scissors or saws, and you won’t be using any power tools. All you need is your old keyboard, an adhesive like epoxy, and the base of a cufflink or button, both of which you can find at your local craft store or online.
Before you get started, however, take a moment to inspect your keyboard. Consider the wide array of buttons, each with its own special function. Now choose your favorites. Those are the keys you want to carefully remove. If you’re making cufflinks, you’ll need at least two keys. If you’re making buttons, the sky’s the limit.
Now take out a flathead screwdriver — the only tool you’re going to need — and pop the keys you’ve chosen off of the keyboard frame. Once you’ve got them all liberated, generously apply adhesive to the back side of each key and jam the cufflink or button base right in there. Wait for it to cure and you’re ready to attach them to your favorite threads.
28% Of Car Lovers Most Want To Own This Banned Vehicle
In a SlashGear poll with 590 U.S. respondents, 27.97% said they would love to own Lamborghini Diablo Strosek. The Italian supercar is not street legal in the U.S. because it’s too fast. If pushed to the limit, the Lamborghini Diablo can exceed 200 mph — this made it the fastest car when it was released in 1990. But it was a German designer known as Vittorio Strosek who modified it and made it even more difficult for it to pass the FMVSS regulations. Because of the 25-year rule, you’re only allowed to import a Lamborghini Diablo that was produced between 1990 to 1997.
The second most popular option in the poll was the Porsche 959, which was picked by 25.25% of the respondents. Just like Lamborghini Diablo, Porsche 959 is super-fast but it doesn’t exceed 200 mph — the best it can do is 198 mph in the Sport variant. However, the real reason Porsche 959 was never sold in the U.S. is that the automaker didn’t want to have its very expensive cars crash tested by NHTSA. Despite the Porsche 959 quickly selling out after it was released, the manufacturer was making a loss selling the car — and if NHTSA crash tested a minimum of four cars, it would have lost more money.
Besides that, 19.83% of the participants said they would prefer Honda ATC and 16.95% wanted Nissan GT-R Skyline. The Smart Crossblade was the least popular option at 10%.
The Reason Why NYC Destroys Hundreds Of Dirt Bikes And ATVs Each Year
In 2021, eight people were killed by dirt bikes or ATVs, and the New York Police Department, along with then-Mayor Bill de Blasio, went on a crusade to get rid of illegal vehicles, according to The City. By the end of the year, the city had seized and subsequently destroyed approximately 500 bikes. As many as 3,000 were ultimately crushed under the tracked wheels of a bulldozer in 2021 (via The City).
When new Mayor Eric Adams took office on January 1, 2022, he continued the fight. By June, they had seized over 2,000 bikes — almost 80% over the number they took by that time the previous year. And there’s no sign of letting up, with the police nabbing more than 250 on a single Sunday in August.
The dirt bikes and ATVs are not street legal to begin with, lacking several required features like turn signals, brake lights, and mirrors. According to the New York Department of Motor Vehicles, any 1985 or newer motorcycle must be equipped with directional or turn signals that show amber to the front and red or amber to the rear. It must also have an adjustable rear view mirror, a red stop lamp on the back, and a headlamp on the front of the vehicle. None of these things are found on a vast majority of the illegal vehicles that, as Mayor Adams put it, are continuing to terrorize the city.
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