What is Ticket Monster (TMon)? Ticket Monster (TMon) Review

History

TMON was founded in 2010 and was acquired by the US group buying giant Living Social for US$350 million in 2011. In 2013, TMON was sold to Groupon. Last year, TMON announced that it would start operating independently from Groupon . At that time, its valuation was only half of its current valuation.

mascot

The website uses a little monster as its mascot. This little monster can be seen everywhere in major media advertisements. The little monster that changes with different products is a major feature of the website.

Development History

In May 2010, TMON was established.

In 2011, LivingSocial, a US group buying website, agreed on Tuesday to acquire TicketMonster, the largest group buying website in South Korea, in exchange for shares, in order to further expand its Asian market. However, neither party disclosed the transaction price.

In January 2014, Groupon, the largest group buying website in the United States, announced that it had acquired the Korean group buying website Ticket Monster for $260 million. In the $260 million acquisition offer, Groupon paid $100 million in cash and $160 million in stock.

In 2015, the US group buying giant Groupon announced that it agreed to sell its 46% stake in Ticket Monster, South Korea's largest group buying website, to KKR Group and Hong Kong's Anchor Equity Partners for US$360 million.

In 2016, TMON announced that it would begin operating independently from Groupon.

In 2016, TMON's sales were $252 million and its operating loss reached $137 million.

In 2017, TMON received a venture capital of US$115 million. As of this time, TMON's valuation was US$1.5 billion and the amount of financing exceeded US$165 million.

In September 2020, South Korean e-commerce platform giant TMON has received 400 billion won (US$336.2 million) in equity investment from a local private equity fund to boost the company's capital and value for its listing next year.

References

• 1. It is said that Groupon is shrinking its business and will sell its controlling stake in South Korean mobile e-commerce: Y Yiou [cited on 2015-02-01T16:00:00.000Z]
• 2. Ticket Monster (TMon for short) is the largest group buying website in South Korea. It was founded in May 2010 and has related sites in 26 regions in South Korea. It launches 60 group buying transactions every day. In addition to group buying, Ticket Monster also launched some services for family, activities, travel and instant transactions. : Sohu [cited on 2017-04-22T16:00:00.000Z]