발란 (BALAAN)

발란 (BALAAN) is a rapidly growing platform in the luxury fashion market, solving industry problems through the innovation of distribution structures and IT technologies. Founded in 2015, the company has achieved significant milestones, including securing ₩100 billion in Series A funding in December 2019, with cumulative investments totaling ₩120 billion. Notably, in November 2020, the company successfully attracted strategic investments from NAVER. BALAAN's unique proposition encompasses a vast array of luxury brands, with over 80,000 products, ensuring faster new arrivals than department stores, competitive pricing, and swift 3-day delivery from Europe to customers' doorsteps. The company prides itself on offering exceptional post-purchase services, including inspection and free exchange, return, and repair services.

As evidenced by various accolades and partnerships, such as the strategic investment from NAVER, BALAAN has garnered attention and recognition in the industry. The company has collaborated with Alibaba, establishing the 'BALAAN Luxury Hall' and expanding its reach beyond Korea to tap into the vast Asian fashion market. Moreover, BALAAN prioritizes supporting the growth of its employees, offering competitive compensation, stock options, bonuses, flexible work hours, state-of-the-art equipment, unlimited autonomous leave from the first year of employment, educational support, diverse meal options, and an annual ₩1 million BALAAN Point support for purchasing domestic luxury goods at the lowest prices.

With a strong emphasis on combining fashion and IT, BALAAN's innovative approach, strategic partnerships, and commitment to employee welfare position it as a compelling investment opportunity in the global e-commerce, fashion, and retail industries. The recent ₩25.00B Series C investment at 14 October 2022 further underscores investor confidence in the company's potential for sustained growth and innovation. As BALAAN continues to disrupt the luxury fashion market, it offers an enticing prospect for venture capital firms and investors seeking exposure to the dynamic intersection of luxury retail and technology in Asia.