• Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • Investments
    • Ecosystem & Lists
  • Interviews
  • Events
    • ComeUp
    • NextRise
  • Governments
    • KISA
    • KISED
    • KOCCA
    • KOTRA
    • KTO
    • MSS
    • NIPA
    • SBA
    • SFL
  • Programs
    • SGSC Global Bootcamp 2021
    • LAUNCHPAD
    • COMEUP STARS 120
    • K-Startup Grand Challenge
    • TIPS X beSUCCESS Global Project
    • SFL Global Program
    • KTO Global Showcase
  • Investment Opportunities
    • SGSC Demo Day
    • Launchpad France Demoday
    • TIPS Global Demoday
    • Launchpad USA Demoday
    • Launchpad Indonesia Demoday
  • Submit an Article
  • register
  • login
KoreaTechDesk
No Result
View All Result
KoreaTechDesk
No Result
View All Result
Home Marketplaces & E-commerce

Fresh food delivery e-comm Oasis Market IPO to list on KOSDAQ in February 2023

chloe kim by chloe kim
January 13, 2023
in Marketplaces & E-commerce
0
Oasis market

Oasis Market offers fresh food delivery service.

0
SHARES
326
VIEWS
Share on FacebookShare on Twitter

Korean e-commerce startup Oasis will start the process of listing on the KOSDAQ in earnest. The fresh food delivery service company announced that it would submit a securities report to the Financial Supervisory Service and begin the process of listing on the KOSDAQ.

Oasis will offer 5,236,000 shares through this listing. The public offering price is between 30,500 and 39,500 won, and the total offering amount is between 1,597 and 206.8 billion won. It plans to enter the KOSDAQ market in February after conducting demand forecasting on February 7-8 and going through general subscription on February 14-15. NH Investment & Securities and Korea Investment & Securities co-hosted the event.

Established in 2011, Oasis started with offline stores, and in 2018, it launched ‘Oasis Market’ and expanded its business scope to early morning delivery of fresh foods. Oasis maintains a higher-than-average sales growth rate and surplus management despite not conducting extensive corporate advertising marketing. 

Oasis, which has been operating in the black since its establishment, has grown by about 18.5 times from 19.3 billion won in 2015 to 356.9 billion won in 2021. In the third quarter of 2022, 311.8 billion won in sales and 7.7 billion won in operating profit, up 19.8% each from the same period last year and increased by 78.4%.

The company started its own smart logistics solution Oasis Route that maximizes work efficiency and online/offline synergy as factors for its sustainable growth. The Oasis Route, which increases work efficiency, is applied to a smart integrated logistics center with a combined packaging circulation structure and creates synergy. 

Joon-Hyung Ahn, CEO of Oasis, said, “Oasis is a leading early morning delivery company for groceries with a network, logistics center, and IT logistics solutions. We will expand our business area and leap forward as a smart logistics/distribution tech company representing Korea.”

Also Read,

  • Market Kurly scraps plan to launch IPO in 2023 amidst economic slowdown
  • Korean government launches 100 billion won fund to support food tech startups
  • Seoul Robotics aims for an IPO in 2025, post-Series B funding of $ 25 million
  • Korean startups to showcase technological proficiency at CES 2023 from January 5 to 8 in Las Vegas 
What’s your thoughts?
+1
0
Upvote
+1
0
Clap
+1
0
Clap
+1
0
On fire
+1
0
Meh
+1
0
Clap
+1
0
Tags: E-commerceFresh Food DeliveryIPOKosdaqOasis Market
Previous Post

Korean ministry to invest $12 billion to foster 10 deep-tech unicorn startups by 2027

Next Post

BANF’s Autonomous Truck Tire Monitoring System to revolutionize the tire industry with its smart sensor system

Next Post
BANF

BANF's Autonomous Truck Tire Monitoring System to revolutionize the tire industry with its smart sensor system

0 0 votes
Article Rating
Subscribe
Login
Notify of
Please login to comment
0 Comments
Inline Feedbacks
View all comments
No Result
View All Result

Follow Us

FREE NEWSLETTER

Ecosystem Partners




PRODUCTS

Most Popular

  • 10 K-Dramas to watch for some ‘money matters’

    0 shares
    Share 0 Tweet 0
  • Korean startups fall short on global readiness, finds Open Innovation Trend survey

    0 shares
    Share 0 Tweet 0
  • UNDP-Citi Foundation’s impact startup acceleration programme ‘Citypreneurs 2023’ to promote innovative solutions for urban sustainability

    0 shares
    Share 0 Tweet 0
  • Top Korean Dating apps that can help you make new connections in South Korea

    1 shares
    Share 0 Tweet 0
  • Three Restaurant Apps to try out for a fine dining experience in South Korea  

    9 shares
    Share 9 Tweet 0
  • Fabless semiconductor startup Fadu raises pre-IPO funding, becomes this year’s first Korean unicorn

    0 shares
    Share 0 Tweet 0
  • Quantit secures  30 billion won Series A investment from Smilegate Holdings for AI-based FinTech Asset Management Services

    0 shares
    Share 0 Tweet 0
  • Korean startup launching a nose-print identification for dogs, an alternate to the microchip embedding process

    0 shares
    Share 0 Tweet 0
  • Digital Healthcare startup CenacleSoft secures investment from Naver Cloud for its EMR platform

    0 shares
    Share 0 Tweet 0
  • Korean government pledges to nurture K-Space startups with 50 billion won ‘space fund’

    0 shares
    Share 0 Tweet 0
  • Facebook
  • Instagram
  • LinkedIn
  • Twitter

Copyright © 2023 KoreaTechDesk | About Us | Sponsorships| Terms of Use |Privacy Policy |Cookie Policy Contact: [email protected] DMCA.com Protection Status

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • Investments
    • Ecosystem & Lists
  • Interviews
  • Events
    • ComeUp
    • NextRise
  • Governments
    • KISA
    • KISED
    • KOCCA
    • KTO
    • KOTRA
    • MSS
    • NIPA
    • SBA
    • SFL
  • Programs
    • LAUNCHPAD
    • COMEUP STARS 120
    • K-Startup Grand Challenge
    • TIPS X beSUCCESS Global Project
    • SFL Global Program
    • KTO Global Showcase
  • Investment Opportunities
    • Launchpad France Demoday
    • TIPS Global Demoday
    • Launchpad USA Demoday
    • Launchpad Indonesia Demoday
  • Submit an Article
  • Forums
  • register
  • login

Copyright © 2023 KoreaTechDesk | About Us | Sponsorships| Terms of Use |Privacy Policy |Cookie Policy Contact: [email protected] DMCA.com Protection Status

wpDiscuz
0
0
Would love your thoughts, please comment.x
()
x
| Reply

We hope you enjoy our content, May you please give us Feedback regarding our website!

Single Post Feedback

dgdfgfdgdf

What you think about Koreatechdesk, Share your idea with us!

feedback popup

Invitation submission has been closed

Insert/edit link

Enter the destination URL

Or link to existing content

    No search term specified. Showing recent items. Search or use up and down arrow keys to select an item.