Mesh Korea, an operator of the Vroong delivery service, has raised funding from KB Investment and Korea Development Bank (KDB)’s Scale-up Venture Capital Team.
Retail competition is now so fierce in Korea that overnight delivery is no longer enough. Quick commerce is fast becoming the standard, with goods arriving within an hour of ordering.
Mesh Korea CEO Rhyu Joung-bum, far left, talks with a delivery driver, at the company’s artificial intelligence logistics center in Gimpo, Gyeonggi, on Wednesday.
A model and delivery man for Vroong introduce KT's one-hour delivery service, which has been offered on KT Shop, the company’s official online mall, since July.