The Venture Codex Logo

The Venture Codex

Velymonkeys

8, Gangnam-daero 53-gil, Seoul, Seocho-gu, South Korea

Overview

Blimonkeys' Macaron platform is a one‑stop retail service that supports Korean beauty brands' entry, distribution, sales and marketing in India. The platform offers community features and product trial programs and lists roughly 380 Korean brands for purchase. Macaron began service in July 2019 and has accumulated about 750,000 registered users with MAU of 700,000. The business reached its first monthly profit in October 2022 and has been growing roughly threefold year over year. The company has conducted over 60 Indian cosmetics certifications and reduced certification lead time from more than six months to about 45 days through its own systems. It has signed as a key distributor with some 60 K‑beauty brands and plans to use the momentum to further accelerate Korean brands' expansion into India.

Total raised
$9M
Funding rounds
1
Latest round
Series B
Latest activity
Aug 2024

Industries

  • Beauty
  • Cosmetics
Visit website

Recent funding

  1. Series B

    Aug 2024

    $9M

Team

No current team members are available.