When was Mesh Korea founded?

Mesh Korea was founded in 2013 and raised its 1st funding round 2 years after it was founded.

Where is Mesh Korea located?

Mesh Korea is headquartered in Seoul, South Korea.

How many employees does Mesh Korea have?

As of Mar 31, 2026, the latest employee count at Mesh Korea is 85.

Is Mesh Korea a funded company?

Mesh Korea is a funded company, having raised a total of $29.9M across 3 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Jan 08, 2015.

When was the latest funding round of Mesh Korea?

Mesh Korea's latest funding was a $***** Series B round on Jul 27, 2018, with participation from 1 investor.

Where does Mesh Korea rank among its competitors?

Mesh Korea ranks 1st amongst 5 active competitors, only 1 of which is funded., of which only ChainLogis is funded and secured an undisclosed amount in Dec, 2023.

Who are the top competitors of Mesh Korea?

Mesh Korea's top competitors include ChainLogis, Battong and Parcelnet. Among them, ChainLogis secured the most recent funding round in December, 2023.

Mesh Korea - 2026 Company Profile, Team, Funding & Competitors

Q: Is Mesh Korea an acquired company?

Mesh Korea got acquired by Hy on Feb 24, 2023.

Company Details

MeshKorea provides an on-demand crowdsourced delivery network & software for businesses. The company owns and operates 'Vroong', an on-demand delivery platform where users looking to send any parcel can place a request for delivery. Partner delivery agents can accept such requests using an app on their mobile phones. Users can also track their parcel on a real-time basis. Operates under 3 divisions, 'Vroong Prime' - an on-demand delivery service, 'Vroong Urban Logistics' - an on-demand last-mile delivery platform and 'Vroong Fresh' - a cold-chain transportation service. Additionally, the company also offers 'Vroong TMS', a transport management solution to stores in order to enable dispatching, routing and order management.

Key Metrics

Founded Year

2013

Location

Seoul, South Korea

Stage

Acquired

Total Funding

$29.9M in 3 rounds

Latest Funding Round

Series B, Jul 27, 2018, $*****

Investors

Hyundai Motor Company & 10 more

Ranked

1^st among 5 active competitors

Employee Count

85 as on Mar 31, 2026

Similar Companies

Dispatch & 456 more

Exit Details

Acquired by Hy (Feb 24, 2023)

View Mesh Korea's full profile

Mesh Korea got acquired by Hy on Feb 24, 2023 at an acquisition amount of $*****.

Click here to take a look at Mesh Korea's acquisition in detail

Mesh Korea has raised a total funding of $29.9M over 3 rounds. Its first funding round was on Jan 08, 2015. Its latest funding round was a Series B round on Jul 27, 2018 for $*****. 1 investor participated in its latest round. Mesh Korea has 11 institutional investors.

Here is the list of recent funding rounds of Mesh Korea:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 27, 2018	4195017	Series B	2314897	7637752	8997416	8012036
Feb 22, 2017	2616697	Series B	7709368	5167036	6712011	SBI Investment Korea & 2 more
Jan 08, 2015	4464559	Series A	8564071	6863649	Seoul Investment Partners & 3 more	1961261

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View details of Mesh Korea's funding rounds and investors

The founders of Mesh Korea are JB Rhyu and Hee-Soo Lee.

Here are the details of Mesh Korea's key team members:

JB Rhyu: Founder & CEO of Mesh Korea and founder of 1 other company.
Contact Info: 1 email address
Hee-Soo Lee: COO & Co-Founder of Mesh Korea.

View details of Mesh Korea's Founder profiles and Board Members

Mesh Korea's employee count trend

Mesh Korea has 85 employees as of Mar 26. Here is Mesh Korea's employee count trend over the years:

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Top competitors of Mesh Korea include ChainLogis, Battong and Parcelnet. Here is the list of Top 10 competitors of Mesh Korea, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Mesh Korea 2013, Seoul (South Korea), Acquired	On-demand delivery services for businesses	$29.9M	Hyundai Motor Company, Kolon Investments & 9 others	46/100
2nd	ChainLogis 2018, Seoul (South Korea), Series A	Tech-based provider of courier services for companies	$983K	OLIVE YOUNG, KT Investment & 3 others	32/100
3rd	Battong 2018, Seoul (South Korea), Funding Raised	App-based marketplace for crowdsourced last-mile deliveries	-	D.CAMP	24/100
4th	Parcelnet 2016, Seoul (South Korea), Funding Raised	Offers a platform providing B2B delivery services	-	Nextrans	22/100
5th	Naldo 2013, Seoul (South Korea), Deadpooled	On-demand B2B delivery App	-	Qualcomm Ventures, SBVA	19/100
6th	Baemin Connect 2015, Seoul (South Korea), Unfunded	App-based platform providing on-demand B2B delivery services	-	-	16/100