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
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Sectors
Transportation, Automotive & Logistics
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Phone
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Website
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$29.92 M (USD)
in 3 rounds
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Latest Funding Round
$20.06 M (USD), Series B
Jul 27, 2018
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Investors
Hyundai Motor Company
& 8 more
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Employee Count
Not available
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Acquired by
Hy
(Feb 24, 2023)
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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.
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.
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Sector-agnostic VC firm investing in geographies such as South Korea
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Investor details for Mesh Korea
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Investments & Acquisitions by Mesh Korea
Investment portfolio details for Mesh Korea
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Financial Statements - Mesh Korea
Detailed financials for Mesh Korea
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Mesh Korea Comparisons
Peer comparison for Mesh Korea
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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.
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Tech-based courier services are provided for companies and individuals.
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App for delivering orders and earning money via flexible delivery tasks.
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Operates an on-demand B2B delivery app for efficient logistics solutions.
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Crowdsourced last-mile deliveries are enabled via an app-based marketplace.
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B2B delivery services are managed via an online-to-offline platform.
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Detailed competitors of Mesh Korea
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Latest news on Mesh Korea
Complete news archive for Mesh Korea
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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.
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.