Barogo to use 80 billion won funding in putting up storage facilities

Barogo will use the amount to establish storage facilities to deliver products ordered online across Seoul and its surrounding cities.

Delivery platform operator Barogo has secured 80 billion won through its series C funding round, surpassing the firm’s initial target of 50 billion won.

Barogo will use the amount to establish storage facilities to deliver products ordered online across Seoul and its surrounding cities. It is set to hire 100 new employees, including developers and those in nontechnical sectors, to advance the company’s delivery services.

Among those that joined the funding round as strategic investors were e-commerce firm 11st, which poured in 25 billion, and retail conglomerate CJ Group, which allotted 10.5 billion won.

Other financial investors are Korea Investment Partners, YG Investment, LB Investment, STIC Ventures, and Shinhan Venture Investment.


Japan travel news, japan travel guides, japan holiday destinations and japan reviews

LATEST NEWS

NEWS RELATED

IBM finalises Turbonomic acquisition

IBM has closed its acquisition of Turbonomic, a developer of application resource management and network performance management software, and is preparing to combine it with other IBM technologies to provide clients with application-centric AIOps, or artificial intelligence for IT operations, offerings. IBM did not disclose the cost of the acquisition.…

Read more: IBM finalises Turbonomic acquisition

Macquarie Telecom opens new high security Canberra data centre

Macquarie Telecom has officially opened its new high security data centre in Canberra, Intellicentre 5 Bunker (IC5). The facility aims to support Australia’s data sovereignty and national cybersecurity, as well as digital skills development. It has a number of physical, virtual security and compliance credentials to manage highly classified government…

Read more: Macquarie Telecom opens new high security Canberra data centre

Sydney MSSP Nueva Solutions scores international deal with Anytime Fitness Asia

Sydney-based MSSP Nueva Solutions has landed a deal with Anytime Fitness Asia to provide email and endpoint security as a managed service. Nueva co-founders and directors Ferdinand Tadiaman and Cameron Cumming told CRN in an interview that Inspire Brands Asia found its newly acquired Anytime Fitness premises across nine countries…

Read more: Sydney MSSP Nueva Solutions scores international deal with Anytime Fitness Asia

Hong Kong market rises as tech stocks rally, after White House signals Biden-Xi talks

Hong Kong stocks rose on Friday for the second day this week buoyed by technology shares tracking rallies on Wall Street, after the White House signalled direct talks between US President Joe Biden and Chinese President Xi Jinping were on the cards. The Hang Seng Index rose 0.6 per cent…

Read more: Hong Kong market rises as tech stocks rally, after White House signals Biden-Xi talks

Perth telco Pentanet raises $20 million to expand 5G network, cloud gaming infrastructure

Perth-based telco Pentanet has announced it has completed a placement for $20 million to fund its expansions of its cloud gaming and telecommunications infrastructure rollouts. The placement comes following the company’s acquisition of 5G spectrum for its fixed wireless network and a partnership with Nvidia to bring its GeForce Now…

Read more: Perth telco Pentanet raises $20 million to expand 5G network, cloud gaming infrastructure

BHP signs agreements with AWS, Azure

Mining giant BHP has signed long-term agreements with cloud leaders Amazon Web Services and Microsoft Azure. The company said the cloud technology would help improve safety, productivity, and reliability across its globally operated assets. AWS will power BHP’s digital transformation efforts by providing capabilities in data analytics and machine learning…

Read more: BHP signs agreements with AWS, Azure

Chinese pork giant WH Group fires chairman’s son from board over aggressive behaviour

WH Group, the world’s biggest pork producer, has removed the chairman’s son from the board and terminated his employment, citing his aggressive behaviour against the company. Wan Hongjian, 52, son of the chairman and CEO Wan Long, 80, was stripped on Thursday of his roles as executive director, deputy chairman…

Read more: Chinese pork giant WH Group fires chairman’s son from board over aggressive behaviour

How One Artist Turned Food Packaging To Art: An Endeavour By Bita Mokhtar Masoumi

Written by: James Carnell There is no doubt that your favorite chips or candy company is spending thousands, if not millions, of dollars on the packaging of their food. Colors, graphics, shapes and designs are carefully curated to grab your attention and increase your desire. So, how strange is it…

Read more: How One Artist Turned Food Packaging To Art: An Endeavour By Bita Mokhtar Masoumi

Benefits That Cryptocurrencies Can Offer Sports Fans

Chinese retail investors reminded about embracing value investing by ‘Millionaire Yang,’ ex-factory worker lionised by Beijing

Goldman Sachs Report Labels Bitcoin as an Investable Asset – Can It Spur Confidence?

Hong Kong’s overly cautious coronavirus policymakers must seek to drown out the ‘noise’

Dell Apex can be 50 percent ‘less expensive’ vs. AWS, public clouds

Microsoft Teams unleashes new hybrid work features

Virgin, Westpac, ANZ, CommBank hit by widespread net outages

Optus co-develops battery solution with Eltek to improve communications resiliency

OTHER NEWS