Kurly, Inc., a Seoul, Korea-based provider of an online grocery service, raised $88m in Series D funding.
Sequoia Capital China led the round with existing investors. Global Venture Partners, a new international investor, participated in the round.
The company intends to use the funds to retain scale the business rapidly and to speed up its development, including a key transition to AWS Cloud Native and the construction of a processing platform for large-scale data management.
Led by Sophie Kim, CEO, Kurly provides an online premium grocery service, Market Kurly, which delivers orders placed by 11 am by 7 am the next morning, including fresh produce harvested that same day.