Yello O2O, one of mobile lifestyle platform provider Yello Mobile's key verticals, announced that it has raised KRW 25 billion from Q Capital Partners.
Yello O2O provides end-to-end solution for O2O (online-to-offline) businesses, mainly focusing on the accommodation, healthcare and payment sectors. With a both B2C and B2B focus, Yello O2O operates in value chains allied with key players in the O2O market.
The new funding will support Yello O2O’s continued investment in strengthening its accommodation and healthcare O2O value chains. With strategic M&A plans, the company also considers pioneering a new value chain, a strategy to maximize business synergy among subsidiaries and to accelerate its growth momentum.
“This investment drives Yello O2O to expedite completing its mission to lead the O2O market and to show continued growth,” said Tae-young Choi, CEO of Yello O2O.