Amid the restaurant industry downturn, transaction volume quadrupled in two years, solidifying its position as the leading food distribution platform.
Expected to turn a profit this year… "We will create a platform that enables innovation, profit, and mutual growth."
Enterprise food tech company Marketboro (CEO Sa-seong Lim) announced on the 5th that its food ingredient open market for restaurants, ‘Sikbom,’ recorded a transaction amount of 234.1 billion won last year, a growth of approximately 52% compared to the previous year.
The transaction amount of Sikbom, which was approximately 56 billion won in 2023, increased to 153.7 billion won in 2024 and 234.1 billion won last year, showing a record growth of approximately four times in two years even amid the restaurant industry recession.
In the spring season, major food distribution companies such as CJ Freshway, Hyundai Green Food, SPC, Sajo, and Nonghyup Auction Center have opened stores, and this year, they plan to further solidify their position as the number one B2B food distribution platform through discussions with other major distribution companies.
The number of Sikbom members, which was 80,000 in 2023, nearly tripled to 230,000 at the end of last year, and Sikbom is creating its own competitiveness through an overwhelming number of products exceeding 200,000, price comparison, and a 'Fresh Delivery' service that delivers products from multiple sellers to your refrigerator early in the morning at once.
Marketboro's "Marketbom," Korea's leading food distribution management SaaS, is also transforming payment culture. The share of prepayments within Marketbom has increased from approximately 10% in 2022 to 14% (approximately KRW 430 billion annually). This demonstrates Marketboro's efforts to reduce credit transactions, a long-standing practice in the food market, are bearing fruit.
Driven by the growth of Sikbom and Marketbom, Marketboro's cumulative transaction volume reached approximately 13 trillion won. The 13 trillion won worth of transaction data accumulated by Marketboro will be utilized as data for future AI solutions.
Lim Sa-seong, CEO of Marketboro, said, “The B2B food distribution market can also be sufficiently transformed through digital transformation,” and “This year, in particular, the company will prove that it can create profits, innovation, and mutual growth with sellers through the brokerage platform business alone by turning a profit.”
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