What is Karrot? Karrot Review, Features

Karrot was originally a second-hand trading platform tailored for programmers in Pangyo Tech Valley, but it began to expand its business in January 2018 and became a community-based trading platform, aiming to use the ties of social relations to encourage and drive neighbors to join this "game."

Business Scope

1. South Korea;

2. United Kingdom.

Serve

1. Buy and sell second-hand items;

2. Exchange second-hand items.

Features

1. The search range for sellers is limited to 6 kilometers, which simplifies the transaction process, mitigates transaction risks, and reduces dependence on logistics and distribution;

2. There are various payment methods. Buyers can contact sellers directly and choose the payment method.

Development History

-The company was founded in 2015 by Gary Kim and Paul Kim, who also worked at KakaoTalk, South Korea's largest messaging application platform. Before the establishment of "Danggeun Market", the most popular online second-hand market in South Korea was the Joonggonara website, but it did not have a mobile application.

-In November 2019, "Danggeun Market" launched Karrot, a second-hand goods trading application designed for smartphones in the UK. One of its most unique features is that it only displays listings of sellers within a six-kilometer radius (this range will be moderately expanded for more remote areas).

-In April 2020, it received $33 million in Series C funding, led by Goodwater Capital and Altos Ventures, with participation from Kakao Ventures, Strong Ventures, SoftBank Ventures and Capstone Partners. To date, the company's total financing has reached $40.5 million. The number of users has exceeded 7 million.