Oasis Market Raises KRW 30B Series C+ Led by Viva Republica

Oasis Market Raises KRW 30 Billion in Series C+ Funding

South Korean grocery delivery company Oasis Market (오아시스마켓) has raised KRW 30 billion in a Series C+ round led by Viva Republica (비바리퍼블리카), the operator of Toss. The funding was announced on September 17, 2026.

What Oasis Market Does

Oasis Market operates an early-morning grocery delivery service in South Korea. The company sources fresh food directly and sells it through multiple channels:

• Its own online mall
• Offline stores
• Partner platforms, including Toss Shopping

Founded in 2011, Oasis Market carries roughly 7,000 items. It is notable among Korean e-grocers for being one of the few that is profitable.

The Toss Connection

The Series C+ round is a strategic investment from Viva Republica, which operates the Toss super-app. Alongside the investment, Oasis Market opened its first dedicated store on an outside platform inside Toss Shopping in 2026. That move places the grocery brand directly in front of Toss's user base while deepening the commercial relationship between the two companies.

Deal Summary

• Company: Oasis Market (오아시스마켓)
• Round: Series C+
• Amount: KRW 30 billion
• Announced: September 17, 2026
• Lead investor: Viva Republica (비바리퍼블리카)
• Investors: Viva Republica (비바리퍼블리카)

Why It Matters

Oasis Market's combination of direct sourcing, early-morning delivery, and a mix of online, offline, and partner channels has produced a rare outcome in Korean e-grocery: profitability. The strategic backing from Viva Republica ties that model to one of the country's largest consumer platforms, giving Oasis Market a distribution channel inside Toss Shopping and aligning the grocery operator with a major financial technology player.

For observers tracking consolidation and strategic investment in Korean commerce, the round signals continued appetite for grocery models that pair fresh supply chains with platform distribution rather than relying on standalone delivery economics.

Outlook

With the new capital and the Toss Shopping storefront, Oasis Market is positioned to expand its reach beyond its own properties while maintaining the direct-sourcing model that underpins its assortment of roughly 7,000 items. The company's track record of profitability distinguishes it from much of the Korean e-grocery field, where scale has often come at the cost of margins.