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- A leading startup in fresh food sector with 200,000 subscribers and 1,000 affiliate producers
- Connects producers and consumers directly so that fresh food is delivered within 24 hours of ordering online
- Plans to strengthen its expertise and competitiveness in the fresh food sector by linking its services with 11st, OK Cashbag, and Syrup
Seoul, Korea, December 15, 2016—SK Planet today announced the acquisition of Hello Nature, an online grocery retailer specializing in the sale of premium eco-friendly foods.
SK Planet has entered into an agreement to acquire 100% stake in Hello Nature. Following the transaction, Hello Nature will operate as an independent affiliated company of SK Planet, with plans to create synergy with SK Planet in the fresh food sector.
Hello Nature connects producers and consumers directly so that fresh food is delivered within 24 hours of ordering online in the metropolitan area. Since launching in 2012, the service has established itself as a leading startup in fresh food sector with 200,000 subscribers and 1,000 affiliate producers, recording 350% revenue increase in the past year.
Hello Nature’s 50 distribution and logistics specialists use its network of producers to supply premium eco-friendly foods in the categories of vegetables, fruits, meats, whole grains, and seafood at affordable prices. It conducts marketing based on data analysis and offers differentiated services such as same-day or next-morning delivery which gained great popularity with customers.
The acquisition of Hello Nature will allow SK Planet to expand its platform beyond online marketplace and establish itself as an innovative commerce service provider that delivers powerful, seamless online and offline commerce experiences.
Moreover, Hello Nature seeks to strengthen its fresh food business and create synergy across SK Planet’s diverse services.
It plans to strengthen its expertise and competitiveness in the fresh food sector by linking its services with 11st and deliver convenience in payment and cross-marketing opportunities by combining its services with with Syrup and OK Cashbag.
Hello Nature will operate as an independent subsidiary to preserve its distinct entrepreneurial spirit and SK Planet plans to establish a support system to transfer its extensive expertise and know-how, with an aim to create impressive synergies and accelerate business growth.