Cornershop

Today’s Soapbox opinion was written by Jia Li Tan, an Investment Professional at ALLVP. Contxto – On September 16, Mexicans around the world celebrate “Día de la Independencia”; the anniversary of the country’s independence from Spain.  It is the day when the whole of Mexico celebrates and takes a day off work. It was on […]

Contxto – Delivery de Mercado—iFood’s marketplace of restaurants and supermarkets—grew 240 percent last August when compared to March of this year. Evidently, Covid-19 has pushed consumers towards acquiring their edibles online. So to keep up with this momentum, iFood recently acquired SiteMercado—a white-label platform that helps grocery stores digitize their operations to work as an […]

Contxto – Y Combinator is always full of excitement. However, we were all delightfully surprised on Demo Day after being privately contacted by a Mexican startup, Orchata. Turns out, they too had been selected for this year’s Summer Batch.  Thus, the final YC tally stood at: The obvious question is, why did this Mexican startup […]

Contxto – Despite the uncertainty surrounding Cornershop’s corporate governance, nothing seems to be stopping the company from achieving what it sets itself to. According to América Economía, the company—which seems to be operating under Uber’s control now—established a new strategic partnership with Chilean retail consortium, Cencosud. What this means is that the supermarket companies operating […]

Contxto – OMNi is a Costa Rican startup that operates in Central America and the Caribbean. It claims to have developed the first super-app in the region, offering e-bike sharing services, a neobank, and soon ride-hailing and digital payment solutions.  In correspondence with Contxto, David Luza Echeverría, Executive Assistant at OMNi, said he believes that […]

Contxto – As Chilean-Mexican Cornershop looks to scale throughout Latin America, it needs help carrying out background checks for its shoppers. To that end, it partnered with Peruvian Emptor to automate the due diligence process. Through the deal, many manual processes for screening candidates are ditched, according to an announcement made last Wednesday (29). For […]

Contxto – Grocery delivery drama coming your way.  News recently broke that San Fran’s Instacart filed a lawsuit against Chilean-Mexican, Cornershop. The former argues that the latter stole and misused intellectual property from its e-grocery platform. Specifically, Instacart states that Cornershop allegedly ripped off its product catalog to use it as its own. “Cornershop is […]

Contxto – Uber has been looking to acquire startups lately. It’s still awaiting regulatory approval in Mexico to buy Chilean-Mexican grocery delivery startup, Cornershop. More recently it announced it’s buying San Francisco’s Postmates. But it’s not alone in this shopping spree.  Sources at Bloomberg reported on Tuesday (14) that German Delivery Hero may still have […]

Contxto – Sometimes silence speaks volumes, but this has not been the case when it comes to the Uber-Cornershop acquisition saga over the past few days. Since no official announcement has been made, one can but speculate about what is going on. But, as events unfold and the evidence stacks up, it is gradually becoming […]

Contxto – Chilean Zippedi’s robots just got more tricked out. The startup recently added new features to its retail bots to reduce the spread of coronavirus.  Why it’s a big deal: Considering how long “the new normal” will last, these additional services will come in handy for retailers that can become Covid-19 hot spots if […]