Musinsa - About the company
Musinsa is a series C company based in Seoul (South Korea), founded in 2001 by Cho Man Ho. It operates as an Online community-driven platform for fashion products. Musinsa has raised $474M in funding from investors like Peak XV Partners, KKR and IMM Investment, with a current valuation of $2.4B. The company has 152 active competitors, including 8 that are funded. Its top competitors include companies like StockX, Brandi and Rapo Labs.
Sectors and market segments that Musinsa operate in
Musinsa serves in the Retail market segments.The primary business model of Musinsa is:Company Details
Online community-driven platform for fashion products. The company allows users to browse and shop across various products such as t-shirts, hoodies, bottom wear, dresses, footwear, cosmetics, and other accessories for both men & women from various brands.
- Social
- Email ID
- *****@musinsa.com
- Phone Number
- +82 **********
Key Metrics
Founded Year
2001
Location
Seoul, South Korea
Stage
Series C
Total Funding
$474M in 3 rounds
Latest Funding Round
Post Money Valuation
$2.4B as on Jul 19, 2023
Investors
Ranked
2nd among 152 active competitors
Employee Count
1,244 as on May 31, 2026
Legal entities associated with Musinsa
Musinsa is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Musinsa Co., Ltd. CIN: 211-88-79575 , South Korea, Active | Jun 24, 2012 | - | - | - |
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Musinsa's funding and investors
Musinsa has raised a total funding of $474M over 3 rounds. Its first funding round was on Nov 11, 2019. Its latest funding round was a Series C round on Jul 19, 2023 for $190M. 2 investors participated in its latest round. Musinsa has 17 institutional investors.
Here is the list of recent funding rounds of Musinsa:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jul 19, 2023 | $190M | Series C | $2.4B | - | ||
Mar 16, 2021 | $115M | Series B | $2.2B | 6.5x | - | |
Nov 11, 2019 | $169M | Series A | $1B | 4.7x | - |
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Musinsa's founders and board of directors
Founder? Claim ProfileHere are the details of Musinsa's key team members:
- Cho Man Ho: Founder & CEO of Musinsa.
- Han Moon-il: Co-CEO of Musinsa.
- Kang Jung Gu: Co-CEO of Musinsa.
View details of Musinsa's Founder profiles and Board Members
Musinsa's employee count trend
Musinsa has 1,244 employees as of May 26. Here is Musinsa's employee count trend over the years:
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Musinsa's Competitors and alternates
Top competitors of Musinsa include StockX, Brandi and Rapo Labs. Here is the list of Top 10 competitors of Musinsa, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | StockX 2016, Detroit (United States), Series E | Online marketplace offering multi-category second-hand products | $495M | 75/100 | |
2nd | Musinsa 2001, Seoul (South Korea), Series C | Online community-driven platform for fashion products | $474M | 72/100 | |
3rd |  Brandi 2013, Seoul (South Korea), Series C | Online marketplace for multi-category fashion products | $56.6M | 52/100 | |
4th |  Rapo Labs 2020, Seoul (South Korea), Series B | Online fashion application that assists ladies in purchasing clothing | $26.1M | 45/100 | |
5th | Online marketplace offering multi-category fashion products | - | 45/100 | ||
6th |  The Korean Fashion 2019, Seoul (South Korea), Unfunded | Online store offering a variety of fashion apparel and accessories | - | - | 42/100 |
7th |  CANMART 2003, Busan (South Korea), Unfunded | Online retailer offering multi-category fashion products for women | - | - | 42/100 |
8th |  Codibook 2011, Seoul (South Korea), Unfunded | Online retailer of multi-category fashion products | - | - | 41/100 |
9th |  Queenit 2021, Seoul (South Korea), Funding Raised | Online retailer offering multi-category fashion products | - | 41/100 | |
10th | Half Club 2000, Seoul (South Korea), Unfunded | Online fashion retailer | - | - | 41/100 |
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Musinsa's Investments and acquisitions
Musinsa has made 4 investments in companies including Art Busan and Laundrygo. Musinsa has also acquired 2 companies including StyleShare and 29cm.Here is the list of investments & acquisitions:
Filter this list
Filter this listDate of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Aug 09, 2023 | Investments | 2012 | Busan (South Korea) | |
Nov 21, 2022 | Investments | 2019 | Seoul (South Korea) | |
Apr 11, 2022 | Investments | 2020 | Stockholm (Sweden) |
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Reports related to Musinsa
Here is the latest report on Musinsa's sector:
News related to Musinsa
Filter this listMedia has covered Musinsa for a total of 32 events in the last 1 year, 21 of them have been about company updates and 2 about partnerships.
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Musinsa Enhances Fashion Shopping with AI-Powered Trend Curation Servicemk.co.kr•Jun 04, 2026•Musinsa
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Musinsa posts Q1 operating profit of 19.0 billion won, up 8.2 percent on yearDigitalToday•May 27, 2026•Musinsa
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Musinsa Stores See Sales Surge Fueled by International Tourists During Holiday RushThe Korea Times•May 08, 2026•Musinsa
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Musinsa Expands to Tokyo, Signaling Global Demand for Korean MinimalismThe Korea Times•May 06, 2026•Musinsa
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