Mesh Korea

Mesh Korea is a highly IT-oriented logistics company with unprecedented nationwide last-mile logistics infrastructure. Established in 2013, the company creates new value with its logistics brand called ‘VROONG’, not only by connecting each information, but also through its existing delivery services. ‘VROONG’ provides three services: ‘VROONG Prime’ premium delivery services, ‘VROONG TMS’ integrated logistics management solution, "VROONG Fresh' premium fresh food delivery services and ‘VROONG Collection’ premium delivery magazine. Mesh Korea provides new business model to delivery riders, companies and store owners and establishes integrated logistics system for increasing customer satisfaction by leading the Fourth Industrial Revolution with ‘VROONG TMS.’ Currently, the company has closely partnered a number of conglomerates and big franchises, such as CJ Korea Express, Shinsegae, E-mart, Lotte Mart BGF Retail, Lotteria, Pizza Hut and others. And the company provided ‘VROONG TMS’ to E-mart and Ticket Monster, and signed a contract of ‘VROONG TMS’ with Honestbee, one of the biggest online supermarket in Singapore. The company has attracted total of approximately KRW 75 billion funding, as of October, 2017, which indicates that Mesh Korea is perceived as one of the promising companies in the logistics industry. [Company History] 2017 • Attracted Series D round of funding, total USD 38.9 million from Naver and Humax. • Received acceptance of the Korea’s first comprehensive two-wheeler insurance for delivery • Won the Minister’s Prize of the Ministry of SMEs and Startups in the distribution sector at the Korea Digital Management Innovation Awards 2017 • Selected as a 2017 Red Herring Asia Top 100 Winner • Selected as a company for ‘2017 Global SaaS Incubating Projects’, the Ministry of Science, ICT and Future Planning • Concluded contracts with KFC, BonIF, BBQ, Lotte Super, Ediya on last-mile logistics 2016 • Attracted Series C round of funding, total USD 7.06 million from Humax and others. • Attracted additional Series B round of funding, total USD 5.91 million from KDB Capital, Humax and Kukje Pharma. • Won the Minister’s Prize of the Ministry of Land, Infrastructure and Transport at the Korea Logistics Awards • Awarded the Gold Prize from K Shop & LMF Korea 2016 Innovation Awards • Concluded exclusive contracts with Honestbee and Ticket Monster(TMON) on offering ‘VROONG TMS Engine’ • Concluded exclusive contracts with McDonald’s, CJ Korea Express Co., Ltd. on last-mile logistics • Concluded contracts with Lotteria, Pizza Hut, Kyobobook, Lotte Mart, Mister Pizza, ORGA WHOLE FOODS, CJ Foodville on last-mile logistics 2015 • Attracted Series A round of funding, total USD 2.2 million from Shinhan capital, Seoul Investment partners and Daum Kakao • Attracted Series B round of funding, total USD 3.53 million from KDB Capital, SBI Investment • Attracted additional Series B round of funding, total USD 1.76 million from Humax • Selected as a company for global consulting supporting business from Born2Global • Concluded an exclusive contract with E-mart on ‘VROONG TMS’ • Concluded contracts with Shinsegae, E-Mart, Burger King, BGF Retail(CU Convenience Store) on last-mile logistics • Concluded a MOU contract on same-day delivery system with Ticket Monster(TMON) 2014 • Selected as 2014 KOTRA Global Finalist • Selected as a featured app from Google PLAY 2013 • Converted to a corporation, ‘Mesh Korea’: attracted USD 1.14 million seed funding, the largest seed round • Awarded the Grand Prize at the KSVC (Korea Student Venture Competition) • Selected as a finalist and a member of National Team at the Stanford E-Bootcamp, the World Venture Competition 2012 • Registered an Individual Business Registration and commenced the business in January 2012