FASSTO, a startup that operates a smart logistics center, announced on the 19th that it has attracted 15 billion won in additional investment from Yuanta Bestment following 80 billion won investment from SK D&D, Shinhan Venture Investment, Korea Development Bank, VIG Partners, and Hana Ventures in April.

Analysts say that this investment shows Pasto’s competitiveness in the Fulfillment (integrated logistics) industry even in a difficult market situation where investor sentiment has recently shrunk.

Shopping baskets with bar codes attached to the conveyor belt of the Yongin 1 Center Picking Tower in Pasto are moving. /Reporter Lee Eun-young
Shopping baskets with bar codes attached to the conveyor belt of the Yongin 1 Center Picking Tower in Pasto are moving. /Reporter Lee Eun-young
Pasto plans to secure 300,000 square meters of fulfillment centers by the end of this year to expand its logistics processing capacity and widen the gap with its competitors.

“We have invested by highly evaluating Pasto’s IT technology and service competitiveness,” said Yuanta Investment. “We also expect synergy such as collaboration with companies with innovative technologies in our investment portfolio.”

Hong Jong-wook, CEO of Pasto, said, “We will further strengthen our market competitiveness by continuously expanding the center and expanding services in the second half of the year based on the 42,500㎡ Yongin 2 Center, which has been certified as the second smart logistics center.”