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K Cube ventures and Stone Bridge Capital invest into Korean O2O laundry service startup Washon

Mobile, Game and Technology investment specialist, K Cube Ventures and Stone Bridge Capital have invested US$860k (KRW 1b) into Washon, a laundry service operator. Washon is an on-demand laundry service allowing its users to select collection and return times that are most convenient for them. This O2O (online to offline) came to fruition after Chae J00 Byung, an experienced laundry operator joined forces with IT professionals with experiences working with Naver, Oracle…

Fashion O2O Brich secures second investment through Hana Financial Investment
435일 전

Brich, an O2O service delivering the latest Korean fashion trends online, has secured an investment from Hana Financial Investment. The company was launched a year ago, and to date has raised US$860k (KRW 1b) from Hana Financial Investment and Mashup Angels. The Brich team members include those from other e-commerce companies like, WeMakePrice, G Market and Qoo10 and bring with them experience and technical ability. Users of Brich’s service are able to…

Additional US$4.3m investment for tailored men’s fashion O2O startup ‘Stripes’

Stripes, an O2O startup offering tailored men’s fashion has secured additional investment US$4.3m. On the 2nd November, the company, determined to become a comprehensive brand for men’s fashion launched its first oversea branch in Singapore. Lee Seung Jun from the company commented, “After studying the Asian market, we determined a high consumer preference towards Korean products”. The company plans on further oversea launches following the acquisition of ‘Dream Factory’ a manufacturer of luxury…

Kakao needs a new revenue stream, plans to expand into delivery service
504일 전

Kakao Corp. (KOSDAQ 035720) today reported third quarter financial results under Korean-IFRS. Kakao’s consolidated revenue for the quarter was KRW 229.6 billion with mobile businesses making up 56%. For the third quarter, Kakao focused on actively identifying and promoting new ideas and business opportunities. This led to uniform growth in mobile businesses, and consolidated revenue for the quarter grew 1.4% QoQ and 3.5% YoY. Kakao’s commerce platform showed the greatest growth in…

Now Kakao delivers fresh oranges into your house
505일 전

Kakao will launch a pilot program called Kakao Farmer to deliver mandarin oranges produced in Jeju Island todeliver it to consumers when it is in its most delicious state. The pilot operation that began Tuesday will only be offered for three months. A 11-pound box (5kg box) of mandarin oranges will cost around $13 including delivery fees and the tangerines can be purchased through Kakao platform with kakao pay. Additionally Kakao has…

Korean tourism company ZaiSeoul wins $2.5m investment
558일 전

ZaiSeoul is a Korean Travel business specifically catering for Chinese tourist requirements through their travel service platform. On the 18th September, ZaiSeoul confirmed an investment from NICE group for US$2.5m (KRW 3b).  Since 2011, ZaiSeoul has distributed a discount coupon like magazine in Korea and China. The magazine distributed monthly, services Chinese tourists with travel information including accommodation, restaurants, tourist attractions, shopping and other travel related contents. In total, the magazine has distributed…

Removal service Zimcar, secures investment with support of local council
581일 전

Zimcar is an innovative house removal service developed by ‘Five Thirty’ who are located in the Cultural Creation Hub of PanGyo in the KyungGi province of Korea.  Recently, with the assistance of the Kyung Gi local council, Five Thirty have secured investments from ‘Big Bang Angels’. To celebrate this success, a signing ceremony was held on the 26th of August at the Kyung Gi Culture Creation Hub in PanGyo and was attended…

‘K Cube Ventures’ invests into O2O home care company ‘Doctor House’

  On the 4th of August, ‘K Cube Ventures’ a specialist in mobile, internet and special technology investments, revealed that it had invested into ‘Brat Village’, an O2O (online to offline) home care service provider.  A key member in the ‘Brat Village’ startup is Mr. Sung-Min Park who was a founding member of ‘Easy Taxi’ and previous to this of ‘Limo Taxi’. ‘Doctor House’ developed by ‘Brat Villlage’ is a mobile service…

O2O commerce proivider YAP Company secures investment from New World Group
612일 전

  The YAP Company is a Korean startup providing O2O commerce platform using an independent hybrid beacon technique. Recently, New World Group (Hong Kong) has combined with Korean investors, to provide YAP Company with a combined US$34.8m (KRW 42b) investment. YAP’s platforms, deliver essential information and benefits that are tailored according to the users time, location, circumstances, and necessities. YAP single-handedly embodies the entire transaction process of payment settlements requiring coupons, mobile stamps, and…