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RobinFood all-in with data-driven food services after US$18M investment
Contxto – RobinFood, parent company of Colombian foodtech brand MUY, has landed US$18 million of debt financing from Miami-based MGM Innova Group. This brings RobinFood’s total funding up to US$36 million thus far. The name of the game for RobinFood is to disrupt how food is delivered across Latin America. The company’s model is centered […]
MUY tags US$18M to scale cloud kitchens and restaurants in Mexico
Contxto – MUY is hungry for growth. The startup closed US$15 million almost a year ago, launched into Mexico, and then opened its first contactless restaurant in its native Colombia in early August. And in a recent interview, MUY unveiled its plans to disperse US$18 million for operations in Mexico. Specifically, US$3 million are tagged […]
Mexico is the go-to market for expanding Latin American startups
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 […]
0% human interaction; MUY opens its first contactless restaurant in Colombia
Contxto – Colombian MUY is taking the next step in bringing technology to the food and beverage industry. Last Wednesday, the startup announced the launch of its first contactless restaurant in Bogotá. This store is under pilot-testing in Colombia, however, MUY reports that thus far, users’ response has exceeded expectations. And if results prove favorable […]
Rappi to launch (zero fee) platform for restaurants. But, is it really free?
Contxto – Colombian Rappi wants to take its relationship with restaurants to a new level. Yesterday (23), the startup announced the launch of “Propio,” a platform for eating establishments to manage their sales and deliveries. “We’ve taken our technology and placed it at the service of large and small-sized restaurants so they can have their […]
Foodology tastes victory at Harvard Business School’s New Venture Competition
[wd_hustle id=”InArticleOptin” type=”embedded”/] Contxto – Harvard grads and fellow Colombians Daniela Izquierdo and Juan Azuero have many reasons to celebrate, US$75,000 worth of reasons. The pair co-founded their startup, Foodology, and recently won Harvard Business School’s New Venture Competition alumni track. For that merit, they were awarded US$75,000 to invest into their six-month old startup. […]
The Ultimate Guide to Venture Capital in Mexico [Updated 2020]
Contxto – There is another, less explored, facet of the startup equation. Indeed, no idea gets far without the money to do the walking. This is where venture capitalists (VCs) come in. And as one would expect, Venture Capital in Mexico and the rest of Latin America is no exception. Oft the mighty presences behind […]
Brazilian dark kitchen startup Mimic stirs investor hunger, raises US$9 million
Contxto – Investors are lean and hungry for dark kitchens in Latin America. Brazilian startup, Mimic can attest to that following its raising of R$37.2 million (around US$9 million) in a seed round. Monashees led the investment, with contributions by Canary, and Valor Capital Group following suit. They were also joined by individual investors with […]
Brazilian fintech Creditas gains momentum with new headquarters in Valencia, Spain
Contxto – While many Latin American startups aspire to operate at a global level, the Brazilian fintech Creditas recently found success in Valencia, Spain. Four months into operations and the company has already hired 18 employees at its new Spanish headquarters. Considering that the founder and CEO of Creditas is valenciano, it was only a […]
Jüsto raises one of the highest Latin American seed rounds with US$10 million investment
Contxto – Following the hype with Uber’s acquisition of Cornershop, fellow Mexican grocery delivery startup Jüsto recently raised one of the most valuable seed rounds in Latin American history. With US$10 million worth of seed funding, the online supermarket will continue to offer consumers products at affordable prices. Lacking physical stores, Jüsto operates through B2C and […]