Techtaka raises $9.5M from Altos Ventures

Techtaka, a South Korean startup specializing in online shopping fulfillment, has raised $9.5M (12.6B KRW) in a Series B round of funding from sole investor Altos Ventures.

• Streamlining Supply Chains: Offering third-party logistics services for e-commerce sellers, Techtaka handles the entire supply chain process—from warehousing to order packing and shipping—allowing users to concentrate on product development and marketing.

• Innovative Solutions: Techtaka provides a cutting-edge SaaS operating system to optimize online vendors’ supply chain and logistics operations, enhancing efficiency and customer satisfaction.

• Dynamic Leadership: Founded by Soo Young Yang (CEO) and Kyung Wook Lee (CTO), both seasoned professionals with backgrounds at tech giants like Amazon and Coupang, Techtaka commenced its fulfillment service, ARGO, in March 2021.

• Global Expansion: With plans to expand beyond South Korea, Techtaka is establishing partnerships with marketplaces and sales channels in the U.S. and Southeast Asia, aiming to facilitate Korean vendors’ access to global markets.

• Technological Advancements: Integrating artificial intelligence into its operations, Techtaka analyzes shipment patterns to predict stocks, orders, and sales, while its AI-powered camera detects operational errors, enhancing overall efficiency by 20%.

Techtaka has also collaborated with LG CNS to introduce collaborative robotic services into its warehouses, optimizing operations and efficiency. The startup plans to launch a Robot-as-a-Service (RaaS) business model to further streamline warehouse operations.