Woowahan Brothers

Venture Capital
PORTFOLIO

Industry : 

Food Delivery

Investment Year : 

2012

Investment Type : 

Early Stage

Stonebridge believed in the founder Bong Jin Kim to continue to make critical decisions timely and execute well in the multi billion dollar, food delivery market.

Woowa Brothers operates a food delivery app BaedalMinjok that caters to more than 10 million users. BaedalMinjok is the #1 food delivery app in Korea.

Stonebridge Capital invested in at the early stages of the company and followed on investment for the next investment round as well. At the time of the initial investment, BaedalMinjok not only had a robust user base but also had paying restaurant clients that were already dependent on the platform to bring in orders.

Stonebridge believed in the founder Bong Jin Kim to continue to make critical decisions timely and execute well in the multi billion dollar, food delivery market. Woowa Brothers is showing exponential growth in the recent years. They moved on to receive later stage funding from GoldmanSachs and Hillhouse at multi-hundred dollar valuations.