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News

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500 Startups LatAm announces Batch 12 for accelerator program

2 months ago

Contxto – 2020 will be a year to remember for many. It’ll be recalled as a time where a full-blown pandemic struck. But for a select number of startups from Spanish-speaking Latin America, it shall also be known as the year they were admitted into one of the biggest accelerator programs.  Yesterday (23), 500 Startups […]

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Kavak sees a new market opportunity for used cars within Covid-19 context

4 months ago

Contxto – A global pandemic isn’t putting the brakes on Kavak, a platform for used cars. In fact, the Mexican startup has recently launched a series of products that address the current circumstances and turn them into promising opportunities. It even opened offices in Guadalajara, Mexico. Car sales on hold? It’s easy to assume that […]

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Rappi launches delivery robots, is it outmaneuvering iFood?

6 months ago

Contxto – Logistics startup Rappi is adding new members to its delivery team. But these additions are different from your typical rappitendero. For one they travel on four wheels rather than two. And rather than carrying the startup’s bright orange backpack, these newbies have it built into their bods. Oh, and they’re not human. As […]

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The cat’s out of the bag! Petlove raises US$48 million with SoftBank

6 months ago

Contxto – There’s probably a lot of tail-wagging going on at e-commerce startup, Petlove. Yesterday (7) the announcement that it raised a R$250 million (about US$48 million) investment with SoftBank was made. The money will be drawn from the venture capital (VC) firm’s Latin America fund and will be closed within the next few weeks. […]

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A Brazilian unicorn just got sent to the Stone Age, thanks a lot Covid-19

6 months ago

Contxto – On April 3, Gympass—the corporate fitness platform that was born more than seven years ago in Brazil—announced some spectacularly bitter news: big layoffs. Do you really need to ask why? If you are reading this from home, which you have not left due to being in quarantine, I think it is quite logical […]

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Unicorn rumble for Colombian turf

6 months ago

Contxto – The Colombian unicorn, Rappi, just got a little premonition that shook its legs. And with good reason. That’s right, turns out the Brazilian Unicorn, iFood and Domicilios.com, Berlin-based and acquired by Delivery Hero, have partnered up. They didn’t only join forces, but they will also do so in Colombia.  This has definitely not […]

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In Brazil, Grow isn’t growing—it’s retreating and making layoffs

8 months ago

Contxto – Grow in Brazil is making a hasty retreat in various parts of the country. The micromobolity giant will be withdrawing its bright-colored e-scooters from 14 Brazilian cities. As a result, the only parts where they’ll be found are in São Paulo, Rio de Janeiro, and Curitiba. As for its yellow bikes; they’ve been […]

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Rappi 101: A quick review of how the last-minute delivery app got to where it is

10 months ago

Contxto – Pay no heed to what seems to be Rappi’s trudge through the murky waters of controversy. On a grander scale, this last-mile delivery company’s growth strategy is going full-throttle. When it comes to rapid regional expansion and collaboration, this scaleup is queen. Not only does it continue to integrate itself with various other […]

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