Techtaka has integrated with Naver’s SmartStore and plans to expand its partnerships with marketplaces and sales channels in the U.S. and Southeast Asia. The company, which has a warehouse in Seattle, is also helping Korean vendors sell their products on Amazon and plans to integrate with global marketplaces like Amazon and Shopify. The startup has incorporated AI into its system to analyze shipment patterns and detect operation mistakes. It also plans to launch a Robot-as-a-Service business model in partnership with LG CNS to optimize warehouse operations.
Key takeaways:
- Techtaka, a South Korean e-commerce logistics startup, has raised $9.5 million in a Series B funding round from Altos Ventures. The company provides third-party logistics services for e-commerce sellers, including warehousing, order packing, and shipping.
- The startup has integrated with Naver’s SmartStore, a leading e-commerce platform in South Korea, and has seen a significant increase in revenues and customers since the partnership. It currently has over 170 customers in South Korea.
- Techtaka is planning to expand its services to the U.S. and Southeast Asia, and is already helping Korean vendors sell their products on Amazon. The company also plans to integrate with global marketplaces like Amazon and Shopify.
- The latest funding will be used to advance its technology, scale its service for online merchants, and hire staff. The company uses AI to analyze shipment patterns and optimize warehouse and delivery routes, and claims to have saved time in the supply chain process by 20%.