Vroong, the delivery platform, recently secured an additional KRW 10 billion investment led by Shinhan Investment Corp, marking a total of KRW 40 billion raised externally this year. This latest funding will be used to accelerate technological upgrades and enhance service stability, reinforcing Vroong’s leadership in the competitive delivery market.
Earlier in March 2025, Vroong raised KRW 30 billion from Shinhan Investment Corp through a third-party allotment, which strengthened its financial stability and expanded its rider network, crowdsourcing platform Vroong Friends, and partnership infrastructure to meet growing demand. Despite the overall delivery market slowdown, Vroong maintained over 50% market share in the large franchise B2B segment and achieved about 10% year-on-year growth in delivery completions. The combined funds will bolster technological development and operational efficiency to sustain growth amid challenging market conditions.
