Seoul, South Korea & Dubai, UAE — June 10, 2025

Staping, a pioneering K-beauty online platform and cosmetics developer, today announced a strategic partnership with FasterCapital through its LaunchUp program. This collaboration aims to accelerate Staping’s growth trajectory in the global K-beauty market, leveraging FasterCapital’s global network, capital-raising expertise, and startup acceleration resources. Focused on expanding its innovative AI-powered shopping platform and acquiring indie beauty brands, Staping targets a $2 billion valuation within five years, with a strong emphasis on global exports and market leadership.

Market Opportunity & Problem Statement
The global beauty industry is undergoing rapid transformation, with South Korea’s beauty market valued at $12.6 billion and expected to grow steadily through 2027. K-beauty has emerged as a dominant global force, surpassing traditional luxury brands in key markets such as the US and Japan. Despite this growth, indie beauty brands face challenges in scaling internationally due to fragmented distribution channels and high platform fees. Staping addresses these inefficiencies by creating a unified, low-cost online platform that aggregates over 3,000 indie Korean beauty brands, enabling seamless global sales and export opportunities.

Startup Solution & Differentiation
Staping’s innovative K-beauty platform integrates advanced AI and machine learning technologies, including a proprietary content-based image search engine and personalized product recommendations. The platform offers differentiated services such as influencer video reels, low sales commissions (50% lower than competitors), and comprehensive seller management tools. With 15 years of experience in online shopping platforms and a growing user base, Staping also plans to acquire 10 indie beauty companies as subsidiaries, expanding its product portfolio and export reach to over 150 countries. Its “Little Eve” character cosmetics line further enhances brand appeal, especially among MZ generation consumers in Asia.

FasterCapital Partnership Value
Through the LaunchUp program, FasterCapital provides Staping with strategic mentorship, global market access, and capital-raising support tailored for high-potential tech startups. Known for its rigorous selection process, FasterCapital’s partnership validates Staping’s business model and accelerates its path to becoming a unicorn in the K-beauty sector. The collaboration includes guidance on scaling operations, investor relations, and leveraging FasterCapital’s extensive network to penetrate key international markets, particularly in Southeast Asia, Latin America, and North America.

Executive Quotes
Hesham Zreik, Founder and CEO of FasterCapital:
“Staping represents the future of K-beauty commerce by combining cutting-edge AI technology with a scalable platform that empowers indie brands worldwide. Their vision aligns perfectly with FasterCapital’s mission to back innovative startups that disrupt traditional industries. We are excited to support Staping as they scale globally and redefine beauty retail.”
Sung Chu, Kang, CEO & Founder of Staping Co., Ltd.:
“Our partnership with FasterCapital is a pivotal milestone in realizing our vision to build the world’s leading K-beauty platform valued at $2 billion. With FasterCapital’s expertise and resources, we can accelerate our product development, expand our global footprint, and create unparalleled value for indie beauty brands and consumers alike.”

Growth Trajectory & Future Plans
In the near term, Staping plans to launch an upgraded online beauty shopping platform in 2025, onboard 3,000 indie brands, and acquire 10 high-performing beauty companies as subsidiaries. The company aims to exceed $1 billion in sales within five years, driven by domestic and international market expansion into Japan, China, India, and the US. Staping is actively raising $5 million in seed funding to fuel product innovation, marketing, and global export operations. The long-term vision includes a public listing with a $2 billion valuation and becoming the top K-beauty platform for MZ generation consumers worldwide.

About Staping Co., Ltd.
Founded in 2018 and headquartered in Seoul, South Korea, Staping Co., Ltd. operates an AI-powered K-beauty online shopping platform and develops cosmetics through partnerships with world-class ODM manufacturers like Cosmax. With a focus on indie beauty brands and innovative product lines such as “Little Eve,” Staping is committed to delivering quality, affordability, and global accessibility in the beauty industry. For more information, visit www.staping.co.kr.

About FasterCapital
FasterCapital is a global startup accelerator and venture capital firm specializing in early-stage technology companies. Through its LaunchUp program, FasterCapital provides selected startups with capital, mentorship, and access to a worldwide network of investors and industry experts. With a proven track record of scaling disruptive innovations, FasterCapital empowers entrepreneurs to accelerate market entry and maximize growth potential.