TECHTAKA Secures $9.5M Investment from Altos Ventures for ARGO Fulfillment Innovation
TECHTAKA, a software-centric fulfillment company in Korea, has received an investment of 12.6 billion KRW (approximately $ 9.5 million) from Altos Ventures. The company’s founder and CEO, Sooyoung Yang, established TECHTAKA in May 2020, drawing on his experiences at Amazon and Coupang to operate ARGO, a service offering software-based third-party logistics (3PL) and fulfillment.
TECHTAKA ‘s ARGO service aids in both warehouse operations and sales for sellers. It enables real-time tracking of product locations and recommends optimal workflows and packaging methods. By adopting ARGO, existing warehouse owners can achieve rapid delivery within 1-2 weeks without the need for complex procedures. E-commerce sellers are also able to streamline their systems from warehousing to dispatch, ensuring on-time delivery rates.
In 2022, ARGO was recognized for its stability and technological prowess, joining the ‘Naver Fulfillment Alliance (NFA).’ By July 2023, it had launched the Naver Guaranteed Arrival Program, consistently achieving a same-day dispatch rate of over 99.9%.
Furthermore, ARGO has secured a total of 357,000 square meters of space through various logistics partners. A recent addition is a 17,000-square-meter logistics center in Dongtan, positioned close to Daejeon, a major logistics hub. This strategic location is expected to further expedite logistics handling, especially for shipments under the Naver Guaranteed Arrival Program.
As consumers grow accustomed to quick delivery, the demand for sophisticated fulfillment services has risen among both sellers and logistics companies. ARGO has addressed this demand by leveraging data and systems to maximize dispatch efficiency and reduce delivery costs.
Kyungchan Song, a partner at Altos Ventures who spearheaded this investment, remarked, “By effectively shortening order processing times with high-quality software development, TECHTAKA allows sellers to offer services of superior delivery quality in terms of price and time, and it ensures stable delivery for purchasing customers.” He also noted, “The investment decision was based on the TECHTAKA team’s potential to enhance efficiency in the logistics and e-commerce market and their capacity to actively respond to customer needs.”
Sooyoung Yang, CEO of TECHTAKA, expressed, “This investment will enable us to incorporate robotics technology to provide efficient fulfillment services and to build a stable operating system that ensures swift delivery for our customers. Additionally, we aim to improve the quality of our existing Amazon FBA warehousing service in the U.S. and expand our local hub centers to offer end-to-end services for sellers looking to enter international markets.”
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