'Argo' Operator TechTaka Secures 12.6 Billion KRW Investment from Altos Ventures

Operation of Software-Based Integrated Logistics Service Argo

TechTaka, a software-centered fulfillment (integrated logistics management) company, announced on the 20th that it received an investment of 12.6 billion KRW from Altos Ventures. Altos Ventures participated solely in this round of investment.

TechTaka's Dongtan Logistics Center
Photo by TechTaka

TechTaka operates a software-based third-party logistics (3PL) and fulfillment service called ARGO. CEO Yang Soo-young founded TechTaka in May 2020 after working at Amazon and Coupang.

TechTaka’s service ARGO supports both warehouse operations and sellers’ sales. ARGO tracks product locations in real time and suggests optimal work routes and packaging methods. Existing warehouse owners can enable fast delivery within 1 to 2 weeks without complicated procedures by adopting ARGO. E-commerce sellers can also resolve complex systems from inbound to outbound shipments at once and are guaranteed on-time shipping rates.

Through such stability and technological capabilities, ARGO joined the Naver Fulfillment Alliance (NFA) in 2022. In July last year, Naver launched the Naver Arrival Guarantee program, which currently shows an on-time shipping rate of over 99.9%. Additionally, through various logistics partners, TechTaka has secured a total usable space of 357,000㎡. The recently established 17,000㎡ logistics center in Dongtan is expected to process goods arriving through the Naver Arrival Guarantee program faster due to its proximity to the logistics hub in Daejeon.

Korea’s e-commerce market was valued at 226 trillion KRW last year, accounting for 35% of the entire distribution industry. Coupang and Naver have rapidly secured market share by launching arrival guarantee services centered on Rocket Delivery and Smart Store, respectively. As consumers become accustomed to fast delivery, both sellers and logistics companies feel the need for advanced fulfillment services.

CEO Yang Soo-young said, “With this investment, we will introduce robotics technology to provide efficient fulfillment services and establish a stable operation system to guarantee fast delivery to customers. We also plan to enhance the level of existing U.S. Amazon inbound agency services and expand local hub centers to offer comprehensive services for sellers considering overseas market entry.”

Song Kyung-chan, partner at Altos Ventures who led the investment, said, “TechTaka effectively shortens order processing times through high-quality software development, enabling sellers to use delivery services with excellent price and time efficiency, while guaranteeing stable delivery to purchasing customers. We decided to invest because we expect the TechTaka team’s potential in optimizing logistics and e-commerce markets and their ability to actively respond to customer demands.”