Canary and Caffeinated Capital invested USD6m in Mara, a Brazilian grocery shopping platform offering items at wholesale price to low income communities. Mara was founded by 99 co-founder Ariel Lambrecht.

(TechCrunch) – Mara, a São Paulo-based startup that aims to “reinvent” the grocery shopping experience for the underserved in Latin America, has raised $6 million in a funding round co-led by Canary and Caffeinated Capital.

This round caught my attention for a few reasons. For one, Mara was founded by Danilo Mansano and Ariel Lambrecht, the latter of whom was one of the co-founders of 99, a mobility startup that became the first unicorn in Brazil after being sold to Didi for $600 million in 2018. 

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