About Mesh Korea
Mesh Korea is a company based in Seoul (South Korea) founded in 2013 was acquired by Hy in February 2023. Mesh Korea has raised $29.92 million across 3 funding rounds from investors including Hyundai Motor Company, SBI Investment Korea and KBD Capital. Mesh Korea operates in a competitive market with competitors including ChainLogis, Baemin Connect, Naldo, Battong and Parcelnet, among others.
- Headquarter Seoul, South Korea
- SectorsTransportation, Automotive & Logistics
- Website meshkorea.net
- Social LinkedIn
- Acquired by Hy (Feb 2023)
- Total Equity Funding$29.92M (USD)
in 3 rounds
- Latest Funding Round$20.06M (USD), Series B
Jul 2018
- InvestorsHyundai Motor Company
& 8 more
- Acquired byHy
(Feb 2023)
Funding Insights of Mesh Korea
Mesh Korea has successfully raised a total of $29.92M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $20.06 million completed in July 2018. 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 $29.92M
- Total Rounds 3
- Last Round Series B — $20.06M
- First Round $4M
(Jan 2015)
- Investors Count 8
All 3 funding rounds of Mesh Korea with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2018 | $20.06M | Series B | – | Hyundai Motor Company | – |
| Feb 2017 | $5.86M | Series B | – | – | |
| Jan 2015 | $4M | Series A | – | Seoul Investment Partners, Shinhan Capital | – |
9 investors in total: 9 institutional.
Investors in Mesh Korea
Mesh Korea has secured backing from 9 investors, including institutional and venture fund investors. Prominent investors backing the company include Hyundai Motor Company, SBI Investment Korea and KBD Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Sector-agnostic VC firm investing in geographies such as South Korea | 1986 | sbik.co.kr | Seoul, South Korea | |
- | – | seoulip.com | - | |
- | – | solbornvi.com | - | |
- | – | egpartners.co.kr | - | |
Passenger vehicles including sedans, SUVs, and electric models are manufactured. | 1967 | hyundai.com | Seoul, South Korea | |
Offers financial services including auto loans, corporate finance, and investments to customers. | 1972 | kdbc.co.kr | Seoul, South Korea | |
- | – | humaxdigital.com | - | |
Corporate advisory firm | – | shcap.co.kr | Ansan-si, South Korea | |
- | – | hyfresh.co.kr | - |
Investor details for Mesh Korea
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
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Timeline of Mesh Korea
4 dated milestones of Mesh Korea across 10 years, from founding to its latest funding, stage changes and deals.
- Founded Mesh Korea is founded.
- Funding First funding round of $4.0M.
- Funding Latest funding round, Series B, of $20.1M.
- Exit Acquired by Hy.
Competitors of Mesh Korea
Mesh Korea 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 ChainLogis, Baemin Connect, Naldo, Battong and Parcelnet, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| chainlogis.com | 2018 | Seoul, South Korea | $982,803 | – | Tech-based courier services are provided for companies and individuals. | |
| baeminriders.kr | 2015 | Seoul, South Korea | – | – | App for delivering orders and earning money via flexible delivery tasks. | |
| naldo.co.kr | 2013 | Seoul, South Korea | – | – | Operates an on-demand B2B delivery app for efficient logistics solutions. | |
| battong.com | 2018 | Seoul, South Korea | – | – | Crowdsourced last-mile deliveries are enabled via an app-based marketplace. | |
| parcelnet.co.kr | 2016 | Seoul, South Korea | – | – | B2B delivery services are managed via an online-to-offline platform. |
Detailed competitors of Mesh Korea
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Mesh Korea
Complete news archive for Mesh Korea
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Mesh Korea
10 companies that operate in the same segment as Mesh Korea (Logistics Technology & Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Ride-hailing and on-demand delivery services are aggregated via mobile app. | 2012 | Singapore, Singapore | USD 9.09 B | USD 3.37 B | 11,270 | |
Food and grocery deliveries are facilitated through an app-based platform. | 2013 | San Francisco, California, United States | USD 2.47 B | USD 10.72 B | 23,700 | |
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.54 B | USD 2.46 B | 4,490 | |
Integrated logistics services including parcel delivery and warehousing are provided. | 2011 | Gurugram, Haryana, India | USD 1.25 B | USD 1.12 B | 62,070 | |
Online marketplace offering multi-category grocery products | 2015 | Barcelona, Catalonia, Spain | USD 1.16 B | – | – | |
E-commerce tools for shipping, marketing, and financial services are provided. | 2012 | Gurugram, Haryana, India | USD 344.42 M | USD 135.47 M | 800 | |
App based platform offering on demand delivery and ride-hailing services | 2010 | Jakarta, Jakarta, Indonesia | USD 4.72 B | – | – | |
Express delivery logistics solutions are provided for businesses and individuals. | 2015 | Bengaluru, Karnataka, India | USD 246.8 M | USD 447.86 M | – | |
AI-powered cloud-based vehicle tracking solutions are offered for fleet owners. | 2015 | San Francisco, California, United States | USD 915 M | USD 1.62 B | 3,500 | |
Wolt is operated as a delivery platform for food and groceries. | 2014 | Helsinki, Finland | USD 827.96 M | – | – |
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Frequently Asked Questions about Mesh Korea
Mesh Korea was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Mesh Korea is headquartered in Seoul, South Korea.
Mesh Korea is a funded company, having raised a total of $29.92M across 3 funding rounds to date. The company's 1st funding round was a Series A of $4M, raised on Jan 2015.
MeshKorea provides an on-demand crowdsourced delivery network software for businesses. The company owns and operates Vroong, an on-demand delivery platform where users looking to send any parcel can place a request for delivery. Partner delivery agents can accept such requests using an app on their mobile phones. Users can also track their parcel on a real-time basis. Operates under 3 divisions, Vroong Prime - an on-demand delivery service, Vroong Urban Logistics - an on-demand last-mile delivery platform and Vroong Fresh - a cold-chain transportation service. Additionally, the company also offers Vroong TMS, a transport management solution to stores in order to enable dispatching, routing and order management.
Mesh Korea's top competitors include ChainLogis, Battong and Parcelnet.
Mesh Korea has 9 investors. Key investors include Hyundai Motor Company, SBI Investment Korea, KBD Capital, HUMAX, and Seoul Investment Partners.
Yes. Mesh Korea was acquired by Hy in February 2023.