TMON (Ticket Monster)
- π¦Became a unicorn2018
- πPeak valuation$1.3 Billion β18
- πBecame a Unitard2024
- πΈLast valuationWiped out
Total raised averaged per day over approximately 14.5 years from founding to bankruptcy or shutdown. This is not measured cash burn. Methodology
The rise & fall
7 moments Β· 2010β2024The key moments.
How it happened
TMON (Ticket Monster) was one of South Korea's pioneering e-commerce platforms, a deals-and-marketplace unicorn that passed through LivingSocial, Groupon and then KKR and Anchor Equity ownership before being acquired by Singapore's Qoo10.
In July 2024 TMON and its sister platform WeMakePrice abruptly stopped paying merchants amid a liquidity crunch tied to Qoo10's aggressive acquisitions; the two owed vendors more than 800 billion won (~$613M), affecting some 60,000 sellers.
Both filed for court rehabilitation, WeMakePrice was later ruled bankrupt, and TMON's value was wiped out β one of the biggest collapses in Korean e-commerce history.
Glassdoor reviews, though few, described low pay and a souring reputation through the company's 2024 collapse.
Employee accounts paraphrase anonymous, unverified reviews posted publicly on Glassdoor β. See our methodology.
Source: Korea Herald / Korea Times / The Register (Korean e-commerce unicorn, ~$782M KKR/Anchor deal 2015, ~$1.2-1.3B peak; acquired by Qoo10; July 2024 liquidity crisis, court rehabilitation, ~818.8B won/$613M unpaid to ~60,000 vendors)
Where they went
- Ryu Kwang-jinCEO (at collapse)Not on record
- Daniel Shinfounder & CEO (founded it in 2010 on a 5m-won budget; chairman until 2017)Founder & CEO at PortOne Global
Current roles as self-reported on LinkedIn, retrieved 2026-08-20. See our methodology.
Disclosed investors (10)
Historical funding participation; lists may be incomplete and do not establish current ownership or investor losses.
* Lead in a funding round Β· Crunchbase β Β· 2026-10-13 Β· Methodology Β· Leaderboard
