KKOTFARM is a B2B floral logistics company striving to transform the traditional floral market of over 40 years. In its first year of service launch, the company achieved KRW 1 billion in revenue and currently operates nationwide floral logistics centers in Seoul and Busan. With a market share of approximately 10%, a total order volume of 260,000, and a reorder rate in the 70% range, it possesses a significant customer base, vital for B2B services.
The company operates two main businesses. It addresses the inconvenience faced by flower shops across the country, which traditionally had to physically purchase flowers and dealt with manual transaction records. KKOTFARM aims to solve this through its in-house developed floral e-commerce platform 'KKOTFARM' and the fresh flower kiosk 'KKOTFARMKI'. Its innovative approach has garnered recognition, leading it to secure approximately KRW 15 billion in Pre-Series A investment in the latter half of 2020, with the backing of four organizations, including D·CAMP, Future Science and Technology Holdings, Lotte Accelerator, and the Korea Credit Guarantee Fund.
Founded in 2019 and headquartered in South Korea, KKOTFARM is making substantial strides in revolutionizing the floral industry, evident in its rapid expansion and substantial financial backing.
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