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Powered by local stores, JOKR joins the 15-min grocery race with a $170M Series A

TechCrunch

“We are true believers in the fact that the world needs a new Amazon, a better one, a more sustainable one, one that appreciates local areas and products.” The round was led by led by GGV Capital, Balderton Capital and Tiger Global Management. But that local aspect also builds sustainability into the model.

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Jüsto grabs new capital as it expands grocery delivery in Brazil, Peru

TechCrunch

At that time, CEO Ricardo Weder told TechCrunch that the company, which was founded in 2019, weathered the first year of the global pandemic well, seeing 2020 revenue increase 16-fold. The global pandemic helped a lot in terms of grocery adoption in Latin America,” he added.

Peru 92
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Traveling the world, meeting startups: What We learned

The Next Web

But startups are also solving local problems. Startups are aiming for a global, not local market. It was surprising many startups are aiming for a global, not local market. In Rio we stayed with the founders of Resolveai, an Uber clone.

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Tiger Global backs Favo, which is building an easier way for Latin Americans to order groceries online

TechCrunch

million in Series A funding to continue developing its app that takes grocery orders through local social networks. Tiger Global Management led the round, with existing investors GFC, Elevar Equity, Kevin Efrusy, David Velez, FJ Labs and H2O participating. Favo launched in Peru in 2020 and then Brazil.

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Colombia’s Bold raises $55M in Tiger Global-led round to enable digital payments in LatAm

TechCrunch

Bold , a technology company working to enable financial access to electronic payments in Colombia, has raised $55 million in a Series B funding round led by Tiger Global Management. It also plans to use the money to accelerate its geographic expansion into additional markets across Latin America, including Peru, Ecuador and Chile.

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Foreign investors have a bigger role to play in growing Latin America’s startup ecosystem

TechCrunch

Ricardo Sangion previously launched operations for Facebook and Pinterest in Latin America, before joining operator-led global investors TheVentureCity as partner for first-ticket investments in the region. This region has a global outlook, spectacular universities, a diverse population and an army of entrepreneurs. Ricardo Sangion.

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Kushki, an Ecuador-based fintech, raises $86M to build financial infrastructure in Latam

TechCrunch

Some of the functionalities they build enable both local and cross-border payment players in credit and debit cards, bank transfers, digital cash, mobile wallets, and other alternative payment methods. “We The company, which was founded in 2017, already has operations in Mexico, Colombia, Ecuador, Peru, and Chile.

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