S Korean m-commerce firm Ticket Monster raises $115m from Simone Investment, others

Daniel Shin, CEO, Ticket Monster

South Korean mobile commerce firm Ticket Monster Inc. (TMON) has completed a $115-million investment round from new investor Simone Investment Managers and its existing shareholders.

The latest round of funding, where private equity investor Simone Investment put in $44 million, values TMON at about $1.2 billion. The new investment will help support TMON’s high-growth businesses of mobile grocery shopping and online travel, the company said in a statement.

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