Deals
Vroong Operator Seeking $200 Million Fresh Funds for Expansion
- Firm working with Credit Suisse for the financing round
- Vroong operator targeting a valuation of about $850 million
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Mesh Korea, operator of the Vroong delivery service, is seeking to raise about $200 million to $300 million in fresh capital, according to people with knowledge of the matter.
The Seoul-based logistics startup is working with Credit Suisse Group AG for the planned fundraising, said the people, who asked not to be identified as the information is private. Mesh Korea spokesman Kim Sung-yoon said the company is in discussions with investors and is seeking a valuation of about 1 trillion won ($850 million).