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Techtaka , a South Korean online shopping fulfillment startup that provides third - party logistics services for eastward - commerce sellers , has raised $ 9.5 million ( 12.6 billion KRW ) in a Series B beat of support from a lonesome investor , Altos Ventures .
The outfit aid due east - commerce marketer manage the supply chain , from warehousing , order packing and shipping , so that Techtaka users can focus on merchandise and marketing . The startup also allow for a SaaS manoeuver scheme to optimize the online vendors ’ supply chain and logistics mental process .
Soo Young Yang ( CEO ) , who had stint at Amazon and Coupang as a software program engineer , and Kyung Wook Lee ( CTO ) , who previously worked at Coupang , plant Techtaka in May 2020 and launch its fulfillment military service calledARGOin March 2021 .
Yang tell TechCrunch that he had firsthand experience at the e - commerce giants of how fast deliverance table service are significant to customer . His expertise and interests in logistics and optimization top him to start Techtaka to offer quick and reliable logistics service of process .
Techtaka offers its drug user next - day delivery ( orders by midnight for packages that arrive the next daytime ) , which is a headstone to attracting customers , accord to Yang . Since July last year , the three - yr - older startup has integrate with Naver ’s SmartStore , which is leading South Korea ’s atomic number 99 - commerce market place along with Coupang . ( Coupang hasits own fulfillment center , and Naver bolster up its fulfillment service in quislingism with logistics and fulfilment companies like Techtaka . ) The startup CFO Steve Kim told TechCrunch its operation notably increase in terms of revenues and customers after partnering with Naver . It currently has more than 170 customer in South Korea .
The kit will continue to thrive its partnerships with market place and sale channels , not just in South Korea but also in the U.S. and Southeast Asia . Techtaka , which has a warehouse in Seattle , has started facilitate Korean vendors deal their product on Amazon , Kim said , adding that it be after to integrate with global marketplaces like Amazon and Shopify .
“ We tested our service in the U.S. by acquaint Korean e - DoC sellers to Amazon , initiate in May 2023 , ” Kim said . “ As soon as we make out the process for an official Amazon spouse , we plan to elaborate this business in the U.S. ”
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The latest capital letter , which brings its total recruit to $ 18 million ( 23.6 billion KRW ) , will enable Techtaka to advance its technology , scale its Robert William Service for online merchandiser and hire staff .
Techtaka has incorporated artificial intelligence into its system of rules to examine lading patterns to enable user to predict stocks , orders and sales . Argo ’s AI technology also recommends promotional material and optimise route for warehouses ( warehouse management system ) and obstetrical delivery ( transportation direction system ) . It discover operation mistakesvia an AI - powered camera . Techtaka claims that its internal research shows the fellowship ’s optimization algorithm saved time in the supplying chain process by 20 % , Yang say .
On top of that , the startup has partner with LG CNS , an IT result arm of Korean electronics giant LG , to get LG ’s collaborative machinelike service , pick up parcels for doer , to the warehouses . Techtaka , in conjunction with LG CNS , plans to launch a RaaS , or golem - as - a - Service , business model to optimize operation in the warehouse , Kim told TechCrunch .
before this calendar month , the startup set up a warehouse representing 17,000 solid metre of storage space in South Korea . It has 76 employees as of today . Its previous angel let in Naver D2SF , Kakao Ventures and Lotte Ventures .
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