About Barogo
Barogo is a company based in Seoul (South Korea) founded in 2014.. Barogo has raised $100.52 million across 3 funding rounds from investors including Korea Investment Holdings, Yogiyo and LB Investment. Barogo has completed 1 acquisition, including Dronix. Barogo offers products and services including Delivery Platform and Rider Network. Barogo operates in a competitive market with competitors including Grab, Homerlogistics, Buying.com, Habitat Logistics and DeliverLogic, among others.
- Headquarter Seoul, South Korea
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Sectors
Consumer
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$100.52 M (USD)
in 3 rounds
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Latest Funding Round
$71.67 M (USD), Series C
Jun 10, 2021
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Investors
Korea Investment Holdings
& 9 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Barogo
Barogo offers a comprehensive portfolio of products and services, including Delivery Platform and Rider Network. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for order brokerage and delivery management
Network of riders for executing parcel and food deliveries
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Funding Insights of Barogo
Barogo has successfully raised a total of $100.52M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $71.67 million completed in June 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series C — $71.7M
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First Round
First Round
(28 May 2018)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Series C - Barogo | Valuation | 11st , LB Investment |
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| Jul, 2019 | Amount | Series B - Barogo | Valuation | Shinhan Capital , Time Polio Asset Management |
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| May, 2018 | Amount | Series A - Barogo | Valuation | Yogiyo |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Barogo
Barogo has secured backing from 10 investors, including institutional and venture fund investors. Prominent investors backing the company include Korea Investment Holdings, Yogiyo and LB Investment. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Growth-stage private equity investments are targeted across multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital investments are directed toward SMEs by STIC Ventures.
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Founded Year | Domain | Location | |
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Investment holding firm established in Seoul in 2003.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Barogo
Barogo has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Dronix. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Cybersecurity services are provided to clients in South Korea.
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2013 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Barogo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Barogo Comparisons
Competitors of Barogo
Barogo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Grab, Homerlogistics, Buying.com, Habitat Logistics and DeliverLogic, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Ride-hailing and on-demand delivery services are aggregated via mobile app.
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| domain | founded_year | HQ Location |
Food delivery for restaurants
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| domain | founded_year | HQ Location |
Decentralized e-commerce platform
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| domain | founded_year | HQ Location |
Provides a platform for delivery management solutions tailored to restaurants.
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| domain | founded_year | HQ Location |
Software for online ordering, delivery management, and customer support in food industry.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Barogo
Frequently Asked Questions about Barogo
When was Barogo founded?
Barogo was founded in 2014 and raised its 1st funding round 4 years after it was founded.
Where is Barogo located?
Barogo is headquartered in Seoul, South Korea.
Is Barogo a funded company?
Barogo is a funded company, having raised a total of $100.52M across 3 funding rounds to date. The company's 1st funding round was a Series A of $18.55M, raised on May 28, 2018.
What does Barogo do?
Barogo was founded in 2014 in Seoul, South Korea, where on-demand B2B hyperlocal food delivery services are provided. A consumer-facing console enables real-time ordering, while a web-based interface allows businesses to manage delivery operations centrally. Multiple hubs and a network of crowdsourced delivery agents are operated across South Korea. Clients such as McDonalds, Burger King, and KFC are served through this infrastructure.
Who are the top competitors of Barogo?
Barogo's top competitors include Grab, Homerlogistics and Buying.com.
What products or services does Barogo offer?
Barogo offers Delivery Platform and Rider Network.
How many acquisitions has Barogo made?
Barogo has made 1 acquisition, including Dronix.
Who are Barogo's investors?
Barogo has 10 investors. Key investors include Korea Investment Holdings, Yogiyo, LB Investment, Korea Technology Finance, and 11st.
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