GIC Bets on Growing Korean Delivery Food App

Posted on 12/21/2018


For long-term institutional investors, the Southern Korean peninsula remains an attractive e-commerce destination for patient capital. Woowa Brothers Corporation is a South Korean food delivery startup. The delivery app company raised US$ 320 million from Singapore’s GIC Private Limited, venture capital firm Sequoia Capital, and Hillhouse Capital. Hillhouse Capital led the US$ 320 million round […]