Latest news with #SamilPwC
Reuters
3 days ago
- Business
- Reuters
Struggling retailer Homeplus gets approval for sale plan from South Korean court
SEOUL, June 20 (Reuters) - A South Korean court approved on Friday grocery retailer Homeplus's plan to sell the struggling company, in a move that the court said was aimed at providing funds to repay creditors and to ensure job security for employees at the company. In March, MBK Partners, a private equity firm which owns the company, filed for a court-led restructuring of Homeplus, marking a setback to the firm's marquee, $6.1 billion deal made more than a decade ago. A spokesperson for MBK said on Friday it will support the successful sale of the company and plans to write off 2.5 trillion won ($1.83 billion) worth of common shares that it holds in the company as part of the sale. The Seoul Bankruptcy Court approved a plan to appoint accounting firm Samil PricewaterhouseCoopers to manage the sale, which will take two of three months, the court said in a statement. The court said the sale would help channel funds into the company and pay back debts to its creditors, while guaranteeing the job security of Homeplus employees and protecting partner firms by avoiding bankruptcy. ($1 = 0.7424 pounds) ($1 = 1,369.2100 won)
Yahoo
21-04-2025
- Business
- Yahoo
South Korean table ordering firm t'order targets $50m in series C round
South Korean table-ordering service provider t'order has launched its Series C fundraising round, aiming to secure $50m from domestic and global investors to scale its data-driven foodservice technology and accelerate its international expansion. The company, currently valued at approximately $220m, has appointed Samil PwC (PricewaterhouseCoopers Korea) as its exclusive financial advisor for the round. The identities of the participating institutions in the Series C round remain undisclosed, but the round has sparked interest from a variety of investors, including venture capital firms, private equity firms, and financial institutions. t'order has installed over 260,000 tablets nationwide with monthly GMV (gross merchandise volume) exceeding $317m. With a cumulative transaction volume of over $7.4bn processed to date, t'order has transformed into a comprehensive digital operating system for restaurants. This transformation has led to marked improvements in operational efficiency, the unlocking of new revenue streams, and an enhanced customer experience. The company's successful integrations with major POS providers Toast and Clover have also set the stage for its entry into the US market. The growth driver for t'order is its in-tablet advertising business, which generates over three billion ad impressions monthly. The advertising platform engages customers during their average 85-minute dwell time at restaurant tables. t'order is collaborating with large enterprise advertisers to create real-time, data-driven ad campaigns that leverage factors such as table size, product type, location, and demographic profiles. In 2024, t'order raised $23m in its Series B round, with backing from Korea Development Bank, LB Investment, No & Partners, and Eugene Investment & Securities. The funds were utilised to fuel product innovation, develop advanced table-ordering devices, and enhance R&D for AI-driven personalisation and data analytics, as well as to scale nationwide deployment. With the Series C funding, t'order aims to offer personalised insights and decision-support tools to restaurateurs by leveraging its extensive dataset and it also aims to strengthen its leadership. "South Korean table ordering firm t'order targets $50m in series C round" was originally created and published by Verdict Food Service, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Korea Herald
17-04-2025
- Business
- Korea Herald
t'order Launches $50M Series C to Scale Data-Driven Foodservice Tech and Accelerate Global Expansion
SEOUL, South Korea, April 17, 2025 /PRNewswire/ -- t'order, a leader in the Korean restaurant tech space, has officially launched its Series C fundraising round, targeting $50 million USD from both domestic and global investors. While the identities of participating institutions remain undisclosed, the round has attracted significant interest from a range of investors, including leading venture capital firms, private equity firms, and financial institutions. To guide the process, t'order has appointed Samil PwC (PricewaterhouseCoopers Korea), the nation's largest accounting and advisory firm, as its exclusive financial advisor. Founded in 2019, t'order has quickly become Korea's leading table-ordering platform, transforming the dining experience with its cutting-edge, fully digital ordering and payment system. The company has installed over 260,000 tablets nationwide, driving a monthly GMV (gross merchandise volume) exceeding $317 million USD, positioning itself as a dominant force in Korea's restaurant tech sector. With more than $7.4 billion USD in cumulative transaction volume processed to date, t'order is poised for continued growth and innovation. Currently valued at approximately $220 million USD, t'order has evolved into a comprehensive digital operating system for restaurants, driving significant improvements in operational efficiency, unlocking new revenue streams, and enhancing the overall customer experience. t'order has successfully completed integrations with major POS providers Toast and Clover, paving the way for its U.S. market entry. These integrations provide a seamless experience for North American restaurant operators and chains, further strengthening t'order's position in the global market. A key growth driver for t'order is its in-tablet advertising business, which delivers over 3 billion ad impressions monthly across more than 25 million orders. This advertising channel is gaining significant attention as a powerful offline medium, engaging customers during the average 85-minute dwell time at restaurant tables. t'order is also collaborating with large enterprise advertisers to develop real-time, data-driven ad campaigns based on factors such as table size, product type, location, and demographic profiles, ushering in a new era of targeted in-venue marketing. In 2024, t'order raised $23 million USD in its Series B round, backed by Korea Development Bank, LB Investment, No & Partners, and Eugene Investment & Securities. The funds were used to accelerate product innovation, develop advanced table-ordering devices, enhance R&D for AI-driven personalization and data analytics, and scale nationwide deployment. With this Series C round, t'order aims to strengthen its leadership in Korea while expanding into new verticals and international markets. Leveraging its extensive dataset, the company plans to provide personalized insights and decision-support tools to restaurateurs, solidifying its position as a category-defining player in global foodservice tech.
