SHUKET

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SHUKET - overview

Established

2018

Location

Incheon, -, South Korea

Primary Industry

Software

About

Based in South Korea, SHUKET is an innovative e-commerce platform that simplifies the grocery ordering and delivery experience for both retailers and consumers, enhancing operational efficiency and customer convenience. SHUKET, founded in 2018 in Incheon, South Korea, specializes in connecting grocery stores with consumers through its mobile application. The company operates independently without known subsidiaries or parent companies. There have been no reported pivots in business strategy since its inception.


The founder's history is not detailed in the available information. Shuket offers a mobile application designed to streamline the ordering and delivery process for grocery stores and their customers. The app allows consumers to place orders for groceries from various local stores, facilitating a seamless shopping experience without the need for manual inventory management. Orders placed through the app are automatically linked to the store's Point of Sale (POS) system, ensuring that order processing is efficient and that no orders are missed.


This product caters to a diverse clientele, primarily small to medium-sized grocery stores, and end-users are everyday consumers looking for convenient shopping solutions. Shuket's services are primarily available in South Korea, enhancing accessibility for both retailers and consumers across urban and suburban areas. Shuket's revenue model is based on transactional fees generated through the sale of goods ordered via its mobile application. Retailers partner with Shuket to utilize the platform, which allows them to expand their customer base and enhance service delivery without incurring substantial upfront costs.


Transactions are structured primarily as a commission on sales facilitated through the app, aligning the interests of both the company and its retail partners. The company capitalizes on various payment methods within the app, including credit card payments and popular mobile payment options like KakaoPay and Naver Pay. This multi-faceted payment structure supports a streamlined transaction process, enhancing user satisfaction and encouraging repeat business from both retailers and consumers.


Primary Industry

Software

Sub Industries

Sales & Marketing Software, Software

Website

www.shuket.co.kr/

Verticals

E-commerce, Mobile Apps

Total Amount Raised

Subscriber access only

SHUKET - financials

Fiscal Year EndedDec 31, 2019Dec 31, 2020Dec 31, 2021Dec 31, 2022Dec 31, 2023
Revenue (USD)767,794,000915,652,000---
% Revenue Growth (YoY)-19.3%---
EBITDA (USD)-----
Operating Income (USD)49,949,000(552,712,000)---
Operating Margin6.5%(60.4%)---
% EBITDA Margin-----
NET Income (USD)51,209,000(549,099,000)---
% Net Margin6.7%(60.0%)---
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