❌Founded in 2014, South Korea-based online grocery startup Kurly announced that its initial public offering had been canceled

📉With the investment that Kurly received in the last months of 2021, the company’s value increased to 3.3 billion dollars. Currently, it is reported that the company value has experienced a 78% decline and is around $ 669 million.

The company explained its decision: “Due to the uncertainties in the global economy and the consequent loss of confidence in investors, we have decided to postpone our public offering on the Korean Exchange.”.

Details of Kurly’s strategic decision and plans are in the news below! We wish you pleasant reading. 🙌

Source of news 

https://techcrunch.com/2023/01/04/online-grocery-startup-kurly-scraps-ipo-amid-market-uncertainty/