fulfillment

Startups

“E-commerce Fulfillment Provider TechTaka Secures $9.5M in Funding”

TechTaka, a South Korean online shopping fulfillment startup that provides third-party logistics services for e-commerce sellers, has raised $9.5 million (12.6 billion KRW) in a Series B round of funding from a sole investor, Altos Ventures. The outfit helps e-commerce sellers manage the supply chain, from warehousing, order packing and shipping, so that TechTaka users can focus on product and marketing. His expertise and interests in logistics and optimization led him to start TechTaka to offer quick and reliable logistics services. (Coupang has its own fulfillment centers, and Naver bolsters its fulfillment service in collaboration with logistics and fulfillment companies like TechTaka.) “We tested our service in the U.S. by introducing Korean e-commerce sellers to Amazon, starting in May 2023,” Kim said.

Ava Patel
February 19, 2024

Uncategorized

Fulfillment Remains in Demand: GreyOrange Completes $135M Funding Round

Headquartered roughly 20 miles north of Atlanta, in suburban Roswell, Georgia, GreyOrange was founded in 2011 – the year before Amazon’s Kiva deal shook the industry. GreyOrange announced a $140 million Series C in 2018 and today announced that it has closed out a $135 million growth financing Series D. Anthelion Capital led the round, which also featured returning investments from Mithril, 3State Ventures and Blume Ventures. Over the years, it has been working to build a full stack solution for warehouse, fulfillment and 3PL needs. That includes Kiva-like AMRs (autonomous mobile robots), forklifts and bin systems for picking, coupled with its own first-party (“hardware-agnostic”) fleet management software. CEO Akash Gupta noted that this round will – in part – go toward delivering systems to customers.