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Memebox tops investor funding among startups

PUBLISHED : April 06, 2017 - 16:02

UPDATED : April 06, 2017 - 16:02

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[THE INVESTOR] Memebox took first place in raising investment among South Korean startups last year, industry data showed April 5.

According to the data by startup platform Platum, the company attracted a total of 143 billion won (US$127 million) from investors including major tech firms and venture capitals last year.

The company not only sells relatively cheap Korean beauty products ranging from cosmetics to facial masks but also has recently launched in-house brands.

Woowabrothers -- which operates the country’s most popular food delivery mobile app Baedal Minjok took second place by closing 57 billion won in funding, the data showed.

By Song Seung-hyun and newswires (ssh@heraldcorp.com)

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