7.1 Flagship Partner
Last updated
Last updated
A Korea-based logistics company deleo will be dKargo’s flagship business partner. Established in 2015, deleo is a startup company specializing in cross-border logistics service. Kakao Investment, Lotte Global Logistics, and major venture capital firms are deleo’s shareholders. deleo recently raised a series C funding with the company valuation of KRW 100 billion. deleo has a competitive edge in cross-border logistics service and also has formed a strategic alliance with the U.S. Postal Service (USPS). deleo’s network of postal carriers, logistic companies in major global locations and logistic service users, combined with its cross-border logistic infrastructure will lay important groundwork for dKargo’s platform to form partnerships. deleo will be a key driver in the early stage of business but since dKargo aims to build an open platform, deleo will eventually become an equal partner of dKargo as that of other dKargo’s partners.
Through its strategic partnership with the USPS, the world’s largest postal service, deleo has the authority to directly print USPS-approved official shipping labels via USPS e-VC. As USPS’s official wholesaler and authorized customs agency, deleo has a competitive advantage to provide fast and accurate customs clearance and also save the cost of logistics within the United States. deleo provides the same delivery process as the Express Mail Service (EMS), the USPS delivery service, whichcosts 65% less than the EMS. This allows deleo to have a unique advantage in cross-border logistics between the United States and Korea. Furthermore, deleo provides outstanding service over its competitors in cross-border logistics routes other than the US-Korea route by connecting the system unit of the world’s major logistics companies and national postal services.
deleo is running outbound B2B, outbound B2C, Inbound B2C, and inbound C2C logistics businesses. deleo established a joint venture firm Easygo with Kakaopay and Lotte Global Logistics and Easygo plan on scaling both domestic and international C2C/B2C logistics services. Furthermore, deleo’s affiliated company Box o’ Bliss has emerged as a key player in Korea’s rapidly growing overseas direct purchase market.
deleo is also closely partnering with large companies via its own logistics services. For instance, Korea’s major logistics service provider such as Lotte Global Logistics, and global retail companies network such as eBay, Macy’s, Bloomingdale's, Neiman Marcus, Olive Young, and Etude House. Data provided by deleo and Box o’ Bliss will be utilized at each stage of dKargo’s business development and thereby deleo will increase the business value of dKargo as a core business partner from the early stage.
KakakoPay Express is another key partner of dKargo from the early stage.
Centered on Kakaopay, an easy payment service provider from Korea’s No.1 mobile platform Kakao, KakaoPay Express has launched a logistics service together with deleo and Lotte Global Logistics. deleo formed strategic partnerships with USPS and Lotte Global Logistics is one of Korea’s major logistics service provider.
Kakaotalk provides a familiar user interface to more than 50 million of its active users. This can help KakaoPay Express provide flexible logistics service through Lotte Global Logistics’ location points such as domestic convenience stores and logistics systems, along with deleo’s expertise in cross-border logistics. deleo will oversee and process all logistics data, acting as an important facilitator to promote the dKargo platform.
KakaoPay Express aims to provide professional and efficient logistics service to 50 million active users on the Kakao platform. KakaoPay Express is one of the services from kakaopay, which provides the best user experience optimized for C2C logistics service by enabling more than 80% of Koreans on Kakaotalk to naturally use the entire process of logistics from payment to delivery. Together with Lotte Global Logistics, which owns Korea’s top-tier freight traffic and has more than 8,000 convenience stores as delivery location points all over Korea, KakaoPay Express can offer the best logistics experiences. KakaoPay Express aims to become a market leader in C2C logistics using its competitive advantages. In the long term, KakaoPay Express will become a logistics service provider that offers an array of logistics services.
