Hello Nature, an online fresh produce platform connects producers directly with their consumers. On the 30th December, the company revealed that a ‘Series B’ investment amount of US$2.1m (KRW 2.5b) was confirmed from GS Home Shopping and Fast Track Asia. This is the second successful investment into Hello Nature following last year’s investment of US$1.6m (KRW 1.9b) by Softbank Ventures and Mirae Assets. The investment was made possible following the rapid growth…

  On the 25th August, it was revealed that Yogiyo a popular food delivery service app in Korea had received further investment of $35 million from DeliveryHero.  DeliveryHero is a German company that provides online food service solutions internationally. This brings the total investments into Yogiyo to approximately US$55 million. Through this investment  Yogiyo will direct their focus towards achieving the total satisfaction of their customers, through continued development and improvement to products and services….

음식 주문 및 배달서비스 푸드팬더(Food Panda)가  1억 1천만 달러(한화 약 1천 2백억 원) 규모의 투자유치에 성공했다고 발표했다. 이번 투자에는  독일의 ‘스타트업 팩토리’로 유명한 로켓인터넷(Rocket Internet)를 포함해 기존투자자 및 신규투자자가 참여했다. 이번 투자로 로켓인터넷은 52%의 푸드팬더 관련 지분을 보유하게 됐다. 현재 푸드팬더는 2012년에 서비스 론칭 이후 총 2천1백억 원 규모의 투자를 받은 것으로 집계된다. 이번투자와 함께 푸드팬더는 “금년 2월, 아시아, 중동, 멕시코, 인디아 등 7개국의 6개의 음식배달 서비스 회사들을 인수한 데 이어 고객 서비스와 고객…

This is part two of this story. Part 1 here In 2010 when Bong-jin Kim left’ Naver’ (Korea’s primary online search portal), he had no idea about Venture Capital or ‘Exit’. Additionally, he had no interest in global expansion. He built his startup to focus on solving ‘small issues that Koreans face in their daily lives’. Yesturday we discussed how he raised his first three rounds of funding. Today we look at how…

In 2010 when Bong-jin Kim left’ Naver’ (Korea’s primary online search portal), he had no idea about Venture Capital or ‘Exit’. Additionally, he had no interest in global expansion. He built his startup to focus on solving ‘small issues that Koreans face in their daily lives’. That is how Baedal Minjok started. But recently his ‘startup’ raised $36 million USD from Goldman Sachs. He concluded, “if a person like me who had…

It has been announced in Korean media this morning that the country’s leading food delivery service (Baedal minjeok) has secured funding of USD36 million from Goldman Sachs. JaeHyun Lee, in charge of the Korean investmnet said: “Korea is a very exciting market for e-commerce and we are excited to be partnering with Baedal Minjeok, to help them solidify their position in Korea and expand into new markets.” Kim BongJin, CEO of Baedal…

We have covered the blossoming food delivery market in Korea quite extensively on beTECH and while the market is firmly dominated by leaders Yogiyo and Baedal-Minjeok, there’s a new kid on the block, serving the growing apetite in Korea for foreign cuisine. YNot-Takeout has been around for a few months and I caught up with CEO Phil Neiland for an update. Get involved in YNot-Takeout by supporting their indiegogo campaign here. Ynot-Takeout.com…

Food delivery in Korea is among the best in the world, and there are now two heavyweights battling it out for ultimate supremacy. Yogiyo was founded by Team Europe as a quasi-copycat app to the existing local player, and allows ordering by either calling the restaurant directly or by using an in-app quick messaging service. As a foreigner, the addition of the quick messaging service is really handy. It means I don’t…

This Week’s Startup – Woowa Bros.   Woowa Brothers <Baedal Minjok> <Official Website Link> “If you have ever been to South Korea, what is the most surprising part ?” Most of answers to this questions are predictable; foods, people, culture, and nature. But there is one answer unexpected; food delivery service. Food delivery service can be seen almost everywhere in South Korea bringing convenient, city life-style. With one easy phone call, you…