Q Capital greets Yello O2O with funding

Dec 29, 2016 • Robert Lavine

Yello Mobile spinout Yello O2O has received $20.7m from Q Capital Partners that will go to fortifying its healthcare and accommodation offerings.

Yello O2O, a business services spinout of South Korea-based internet company Yello Mobile, has raised ₩25b ($20.7m) from investment firm Q Capital Partners, DealStreetAsia has reported.

Yello O2O provides technology that assists online-to-offline businesses in industries such as healthcare, accommodation and finance, and it plans to use the funding to strengthen its offering in the former two. It also intends to accelerate its M&A activity.

Tae-young Choi, chief executive of Yello O2O, said: “This investment drives Yello O2O to expedite…

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