Mineis(Charan) has been selected in the ‘retail/logistics’ category as one of Forbes Asia’s 100 most promising companies.
Within just 8 months of its launch, the platform reached 200,000 users. The revenue increased 4.5 times in just one quarter, from December 2023 to March 2024.
The company has grown 9 times compared to its launch month.
Raising 10 billion KRW in series A funding, and bringing its total investment to 15.4 billion KRW.
Over the course of approximately one year, around 9,000 brands have conducted transactions through Charan.
As of the end of July, the app's cumulative user count surpassed 320,000, and the number of app downloads reached 630,000.
Notably, the transaction volume in July saw a 650% increase compared to the launch period. Charan's growth is being driven by Millennials and Gen Z, who are familiar with second-hand transactions.
Sales of over 8 billion KRW were carried over into 2024, successfully achieving an overall transition to profitability.
The increase in customer numbers was driven by a commission-free strategy. The rise in transactions led to more conversions to interior-related projects, resulting in an overall increase in revenue. In 2023, the company achieved an order volume of 24 billion KRW. The contract signing area in the first half of 2023 saw a 133.5% increase compared to the same period last year.