Naver's corporate venture capital (CVC) D2SF announced on the 15th that it has made a follow-up investment in the artificial intelligence (AI) logistics startup "TechTaka." This is the third time D2SF has invested in TechTaka, following a seed investment in 2020 and a Series A investment in 2021.
TechTaka operates a logistics center locally based in its U.S. subsidiary. Naver D2SF noted that it plans to serve as a bridge to assist technology startups in achieving global success.
TechTaka has developed and is operating its own platform "Argo," which integrates the e-commerce logistics process, including product, order, and delivery management. After attracting its first investment from Naver D2SF in its early stages, it joined the Naver Fulfillment Alliance (NFA). Fulfillment refers to handling all logistics processes from product receipt, storage, order, packaging, delivery, to returns. TechTaka offers the "Naver Delivery" (N delivery) service, achieving a same-day shipping rate of 99.98%. It has also improved real-time inventory accuracy to 99.96% as it grew.
TechTaka recorded a profit based on contributory profit (the amount remaining after deducting variable costs from sales) in 2023. Last year, the shipping volume grew about threefold compared to the previous year. During this period, the fulfillment order volume quadrupled, and the number of client companies also more than doubled. TechTaka established a North American subsidiary last year and opened two logistics centers locally. This year, it plans to expand its business to include Amazon Fulfillment (FBA) and TikTok Shop.
Yang Sang-hwan, head of Naver D2SF, said, "TechTaka has been a strategic partner that has closely collaborated with Naver since its inception," and expressed hope that "it will achieve rapid and stable growth in the global logistics market."