News
SBI Investment Portfolio Company Foodpang Posts First Quarterly Profit Since Founding… Launching K-Food’s Global Expansion with SF Express
- Foodpang, an SBI Investment portfolio company operating a B2B food ingredient brokerage platform, achieved an operating profit in the second quarter of 2026, its first quarterly profit since its founding in 2016, after improving profitability by raising the share of products traded directly with suppliers to more than 80% and cutting delivery costs by 8.6% through outsourced logistics.
- With some 30,000 products on offer, Foodpang is strengthening its partnership with SF Express Korea to take K-food global, and, having raised about KRW 16 billion to date, has launched a new KRW 10 billion investment round.
- Starting with Southeast Asian markets such as the Philippines and Singapore, the company plans to expand into North America and the Middle East, while diversifying its revenue base by also pursuing a senior care food business.
The full article is available at the link below.
https://www.thebell.co.kr/front/newsview.asp?click=F&key=202608121359438880105510