COMPANY PROFILE / PUBLIC INFORMATION
Danggeun (Karrot)
Profiles are based on public information. Inclusion does not indicate an available investment opportunity or an offer to buy or sell securities.
What They Do
Danggeun, known internationally as Karrot, operates a neighbourhood platform for second-hand goods, local jobs, community groups and nearby businesses. Its model connects local activity with targeted advertising. The company is expanding into payments, parcel-enabled purchases and overseas markets. That expansion creates a different investment question from the profitability of the parent business alone. [1]
Competitive Edge
NEIGHBOURHOOD NETWORK EFFECTS Location-based communities can make listings and business advertising more relevant as participation grows. The March 2026 results release cited more than 21 million monthly active users. It also reported 190 million used-goods transaction connections in FY2025; connections are not a measure of transaction value. [1] A PROFITABLE PARENT BUSINESS FY2025 standalone operating profit reached KRW 67.1bn on revenue of KRW 269.0bn, a calculated margin of 24.9%. Consolidated profitability was materially lower, so the parent figures should not be used as a proxy for the whole group. [1] LOCAL ADVERTISING REACH The company reported 37% growth in advertisers and 29% growth in advertising campaigns in 2025, supporting the case for a scalable advertising platform. [1]
Why We’re Watching
We are watching how a profitable neighbourhood platform converts investment in payments, commerce and international markets into sustainable group earnings. The difference between standalone and consolidated operating profit makes capital allocation a central question. Dealsite reported an approximately KRW 2.7tn implied equity valuation in a secondary transaction completed in September 2026, with TS Investment identified as a buyer. This is a reported historical transaction, not a current quote or evidence that shares are available through LASQUAD. Share class, rights and transaction terms must be checked before comparing it with other valuations. [2]
Key Risks
ADVERTISING DEPENDENCE An advertising-led model is sensitive to local-business budgets, advertiser returns and user engagement. EXPANSION COSTS International operations and new businesses can require sustained funding before reaching scale. The gap between parent and group profit includes subsidiaries and consolidation adjustments; it should not be labelled entirely as overseas losses. [1, 3] PRIVATE-MARKET LIQUIDITY A reported secondary transaction does not establish a continuously available price. Share rights, transfer restrictions, parcel size and a seller’s circumstances can all affect pricing. [2] EXIT UNCERTAINTY This profile does not assume a listing date, venue or valuation. Investors should assess the business without relying on an IPO outcome. TRUST AND COMPETITION Fraud prevention, payments security and the quality of local listings are central to retention. Competing marketplaces and advertising platforms can pressure growth.
Publicly Reported Metrics
FY2025 CONSOLIDATED NET INCOME KRW 23.0bn. The financial graphic separately identifies consolidated and standalone results. [1] HISTORICAL FUNDING & SECONDARY CONTEXT August 2021 Series D: KRW 178.9bn raised at a reported valuation of approximately KRW 3tn. September 2026 secondary: approximately KRW 2.7tn implied valuation, reported by Dealsite on 13 October 2026. These are different transactions with potentially different rights and terms. [2] REPORTED INVESTORS Funding-round participants have included Goodwater Capital, SBVA, Altos Ventures, Kakao Ventures, Strong Ventures and Capstone Partners. TS Investment was reported as a secondary buyer in September 2026. Current holdings and ownership percentages have not been verified; historical participation is not a current cap table. [2]
FY2025 financials · Secondary transaction reported September 2026
[1] Danggeun — FY2025 annual results, 27 March 2026. https://about.daangn.com/company/pr/archive/당근-2025년-연간-실적-발표/ [2] Dealsite — funding history and September 2026 secondary transaction, 13 October 2026. https://dealsite.co.kr/articles/170416 [3] Money Today — subsidiary funding and expansion, 27 March 2026. https://www.mt.co.kr/future/2026/03/27/2026032715152371246 Financial figures are rounded company-reported results. Consolidated and standalone scopes are shown separately. Margins are calculated. Secondary valuations are media-reported historical observations, not executable quotes.
AT A GLANCE
Founded
July 2015
Headquarters
Seoul, South Korea
Last Updated
19 October 2026