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Merqueo is the first online savings supermarket in Colombia. A venture that seeks to change the way people make their market at the best price and without leaving home.
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iFood acquires SiteMercado as e-grocery competition intensifies
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 […]
Here’s what happened during our first year + giveaway results!
Contxto – “Information is still obscure. We’re here to fix that.” Those were the first few words I wrote on our WordPress admin panel exactly one year ago. Over the last twelve months, we’ve grown from a team of two to nine people. This year has been an emotional rollercoaster, full of ups and downs, […]
Female-led EWA Capital promotes gender inclusion in Colombia with latest fund
Contxto – Patricia Saenz from Mountain Nazca Colombia and Paula Arango from Raise Equity are two founding partners behind EWA Capital, Colombia’s first VC fund with female leadership. Together, they intend to raise US$30 million in Latin America as part of its latest fund vying for gender inclusion in the startup ecosystem, launched last Thursday. […]
Merqueo steps into physical retail branches
Contxto – By now, we all know big retailers are trying to find their way into the online market. That’s not news. What I find extremely interesting and, honestly, a little funny is how tech companies are now turning into retailers. In Summary Merqueo, the online grocery-delivery company, expects to end the year with its […]
Merqueo gets US$14 million in Series A investment round to revolutionize grocery shopping
Contxto – A budding online grocery startup from Colombia, Merqueo, just raised US$14 million during a Series A round with Portland Private Equity leading the way. Portland Private Equity possesses over 20 years of experience strengthening emerging markets. Endeavor Catalyst, Mountain Nazca Colombia, as well as Velum Ventures participated in this round. This new capital […]