Grace, a Korean aggregator of international health and beauty brands, raised USD 5m in Series B funding.
SKS Capital made the investment being the lead investor in the round.
The company intends to use the funds to expand business operations and pursue growth opportunities in the region, focusing on scaling operations, hiring personnel, and developing new service offerings.
Led by founder Abraham Cho, Grace is the largest supplier of Olive Young, Korea’s largest health and beauty retailer, and supplies to online channels and over 50,000+ offline point of sales in Korea. The company has been growing its business by partnering and exporting Korean brands to over 60 countries via B2B and D2C channels.
FinSMEs
25/04/2023