SK Networks has contributed to a $160m series E round for Market Kurly, an online grocery platform that will use the money to open a larger fulfilment centre in Seoul.

South Korea-based online grocery delivery service Market Kurly has obtained ₩200bn ($160m) in a series E round featuring SK Networks, an energy, steel and automotive subsidiary of conglomerate SK Group, DealStreetAsia reported on Friday.

DST Global led the round, which also included Hillhouse Capital, Sequoia Capital China, Fuse Venture Partners, Translink Capital and Aspex Management. The company did not confirm its valuation but reports suggested it may have achieved unicorn status.

Market Kurly operates an online supermarket that offers products…

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Thierry Heles

Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.