Azwemake (CEO Sooyoung Son) , operator of Qmarket, a digital transformation integrated management solution, announced on the 22nd that it had successfully secured Series C2 funding. This investment includes both new and existing shares, and the size of the investment was undisclosed.
The investment round involved strategic investors (SIs) SoluM, Xplo Investment, and Plan H Ventures, while Korea Alternative Investment Asset Management participated as a financial investor. Existing investor HGI continued its follow-up investment with three consecutive rounds. This round of funding is considered a rare achievement for a domestic platform and SaaS company, even amidst a shrinking venture capital market.
Azwemake operates Qmarket, a same-day delivery online grocery service, connecting consumers within a 3km radius with mid- to large-sized offline supermarkets to provide a 3-hour delivery service.
Investors highly praised Azwemake's AI-based automated price optimization solution and its proven track record in distributing a wide variety of low-margin food ingredients. Through collaboration with SoluM, the company plans to advance an integrated solution that combines electronic shelf labels (ESL) with AI-based pricing technology to automate both price decision speed and accuracy.
With this investment, Azwemake plans to pursue new business development, value chain advancement, R&D based on the paid Qmarket Partners platform, and initiatives to promote direct transactions of agricultural, livestock, and fishery products. CEO Son Soo-young stated, "Building on the trust of new investors and existing shareholders, we will collaborate to advance 'New-Retail-Tech' and achieve meaningful results both domestically and internationally."
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