Quantify Incubator and Maum Investment announced on the 22nd that they have jointly invested in IICA, a fulfillment company in the fashion and beauty sectors. This investment was executed through Quantify Maum Private Investment Fund, jointly managed by the two companies. The specific investment size was not disclosed.
IICA operates its own AI-based fulfillment platform, PINGO, and plans to fully pursue the advancement and commercialization of the platform through this investment.
Pingo automates the entire process, including receiving, inventory management, delivery, and returns, thereby increasing logistics efficiency and enabling clients to focus on their core businesses. It also offers features such as a dedicated MD and CS team, integration with approximately 550 e-commerce platforms, and an AI-based sales, profit and loss, and inventory management dashboard.
IICA is comprised of members with experience in operating shopping malls and brands, including CEO Kim Chan-yeop, a graduate of Esmod Paris. IICA seeks to differentiate itself in the market by providing fulfillment solutions specialized for the fashion and beauty industries.
Based on this investment, the company plans to strengthen its service capabilities and scalability by ▲securing a 1,000-pyeong fulfillment center, ▲expanding new brand partnerships, and ▲hiring key personnel.
This investment marks Quantimaum Private Investment Association's second this year, following a strategic investment in the halal cosmetics brand "RadK" last August. The association plans to continue identifying and supporting promising startups through its own IR events and partnerships with strategic and financial investors (SIs and FIs).
“The fulfillment platform that IICA is building has the potential to become a new industry standard,” said Jeong Ji-taek, CEO of Quantify Incubator. “We will support continued growth by linking it with our network and follow-up investments in the future.”
“We hope that IICA will grow into a market-leading company,” said Kwak Jin-woo, CEO of Maum Investment. “We will continue to invest and support more startups to provide them with growth opportunities.”
Kim Chan-yeop, CEO of IICA, said, “Through this investment, we will accelerate the commercialization of the SaaS solution for the fulfillment platform ‘Pingo.’ We will grow into a partner that provides infrastructure so that fashion and beauty brands can secure competitiveness beyond logistics.”
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