The delivery agency platform Vroong has secured an investment of approximately 21 million USD (30 billion KRW) from Shinhan Securities.

The payment for the new shares was completed on the 14th of this month, following the board’s resolution on the issuance of new shares through a third-party allotment on the 17th of last month. The designated recipient of the shares is Shinhan Securities or a third party designated by the company.

Through this investment, Vroong aims to enhance its financial stability while strengthening its competitiveness in the delivery agency market. The company plans to expand its infrastructure—including riders, the crowdsourcing platform “Vroong Friends,” and its partner network—to meet the growing market demand for deliveries and the increasing reliance of corporate clients on its services. Additionally, Vroong intends to expand its R&D investment to enhance its technological capabilities while also focusing on improving corporate productivity and service quality.

Kim Hyung-seol, CEO of Vroong, stated, “As order-matching platforms continue to grow, many delivery agencies are struggling with declining delivery volumes and financial difficulties. This investment is significant as it acknowledges Vroong’s growth potential, which has been demonstrated by its expanding market share in the corporate sector and strengthened position in the delivery market.”

Meanwhile, Vroong, which was acquired by hy in 2023, has maintained stable growth despite the downturn in the delivery industry. Last year, the company saw an over 10% increase in delivery volume compared to the previous year.