Jüsto

Mexican grocery e-commerce company Jüsto announced it has acquired Freshmart, the main online supermarket in Peru. It is the first exit for Utec Ventures, the Peruvian VC firm that has financed Freshmart. Among its other investments is food delivery service Manzana Verde. With this acquisition, Freshmart is expected to accelerate its growth in Peru and […]

Delivery platform Rappi has partnered with Jüsto, the digital supermarket, to offer the best supermarket offer to users in Mexico. This partnership will make it easier for Rappi users in Mexico City, Guadalajara, Puebla, and Querétaro to order Jüsto products in the Supermarket or Express section of the Rappi app. Jüsto wants to be the […]

Cargamos, a Mexican last-mile logistics company, announced that it received a complementary round of $ 7 million dollars. It now totals $ 11 million dollars in seed capital that it will use to accelerate the company’s initial growth stage. Investment firm Nazca Ventures led this seed round. Other investors include the investment arm of FEMSA, […]

Contxto – Thanks to the coronavirus pandemic, many households in Mexico bought their groceries online for the first time. An odd experience for some, a neat one for others, and if you’re Mexican Justo, it’s primetime for raising funds and scaling. Last Thursday (1) news broke that the online grocery delivery startup closed an additional […]

Contxto – Latin America is filled with fintechs who have eyes on the ground and tech to identify users and businesses that are eligible for a loan. That helps explain why some of the world’s biggest companies have been forging partnerships with these startups recently. Last Monday (21), Uber Eats announced that it will be […]

Contxto – Tech companies in Latin America compete not only to obtain a larger market share and investments. Attracting and retaining the best talent is also a key ingredient to success. And this week, LinkedIn published its ranking of top startups that people want to work at in Mexico.  LinkedIn crunches through a lot of […]

Welcome to our new The Exclusive deep dive content about our Latin American ecosystem. We’re giving our registered newsletter users a sneak-peek of these soon-to-be paid for articles. powered by Typeform Contxto – You may think a deep-dive into pet startups—pettech—in Latin America might be a bit on the niche side. But, consider this: What […]

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 – Spanish food delivery platform Glovo is tapping out of many parts in search of profitability, including Latin America. Yesterday (16), news broke that Berlin-based Delivery Hero bought Glovo’s operations in Latam a deal for up to €230 million (~US$272 million). As a result, the German company will strengthen its presence in Panama, Costa […]

Contxto – Uruguayan-founded, German-owned PedidosYa is upping its ante in the Dominican Republic. The startup recently announced the launch of its dark grocery store in the Caribbean country.  The startup had enabled this service in Montevideo in May of this year and it aims to open seven more locations before year’s end. Well, well, somebody’s […]