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What makes a delivery app like Rappi successful in Latin America?
Contxto – The Colombian delivery app, Rappi, is making headlines for many reasons. Whether because it raised US$1 billion in funding from SoftBank or because of their booming footprint, this on-demand delivery platform is setting an example for a new generation of entrepreneurs. Undoubtedly, Rappi has taken Latin America by storm. It is a very common sight […]
Fit Home Pro brings the gym to your door
Contxto – To stay fit as they self-isolate, users around the world have turned to at-home workouts. But there’s likely more than one person out there who misses the equipment from their local gym. So rather than buying the weights and resistance bands, startup Fit Home Pro lets users register and rent the equipment through […]
PedidosYa launches dark grocery store in Uruguay
Contxto – Many grocery delivery platforms boast getting goods delivered to your doorstep in one to two hours. But Uruguayan PedidosYa wants to do so in 20 minutes. With its service, “Market,” it recently set up a dark grocery store in the Tres Cruces neighborhood in Montevideo. No cashiers, just PedidosYa’s shoppers shifting through the […]
eBay to disperse over US$220,000 to help Mexican SMEs
Contxto – eBay announced last week that it will use MXN$5 million (over US$220,000) to help small and medium-sized enterprises (SMEs) through its “Mi Negocio 24/7” platform. This initiative offers vendors a full-suite of tools and advice to help them launch and run an online business. Naturally, they can showcase their products through Mi Negocio, […]
Vegan leather startup, Le Qara, among finalists at MIT $100K Entrepreneurship Competition
Contxto – The end of the MIT $100K Entrepreneurship Competition for the “Launch” category took place yesterday (21). Eight participants from around the world presented their pre-recorded pitches. Afterwards, they answered judges’ questions about their projects. The winner could earn US$100,000 to help their startup go to market. Naturally, the event was celebrated at a […]
Fintech ADDI raises US$15 million through Quona Capital
Contxto – Funding may be tight within the current Covid-19 context, but some startups are still closing equity deals. This is fintech ADDI’s case. Yesterday (21), the loaning startup announced it received a capital injection for US$15 million in an investment round led by Quona Capital. Other contributors include Foundation Capital, S7 Ventures, as well […]
Delivery apps of Colombia unite! Competing last-mile and mobility apps unionize
Contxto – Death and trastes (dirty dishes) seem to be the only certainties in life during the Covid-19 pandemic. Everyone is looking to keep afloat as best they can, but where there is a struggle to survive there are clashes between competing interests. Related article: Cornershop and Domicilios.com to clash with Rappi for Colombia What […]
The Everywhere Office wants businesses to make the most of wasted space
Contxto – The slick coworking offices startups have come to know and love are sadly empty these days. And rightly so, since the coronavirus (Covid-19) pandemic has moved businesses and their staff to work remotely. With the uncertainty this is creating, many startups may have opted to not renew long-term leases as they cut back […]
Ualá experiences massive growth—but even that has its drawbacks
Contxto – Argentine fintech Ualá has had a lot on its plate as of late, courtesy of Covid-19. Ten months ago it hit a major milestone by dishing out one million of its pre-paid cards in Argentina. But this month, it announced it’s distributed over two million of these cards, mostly among users outside the […]
VTEX has top tips on how to reshape e-commerce during Covid-19
Contxto – Yes, yes, you’ve heard it at least a dozen times already. Coronavirus (Covid-19) is accelerating the uprise of e-commerce. But that’s not all. Self-isolation means users have grasped the utility of ordering something from the comfort of their couch. In addition, they’ve also sought out more meaningful experiences that give them a sense […]