Shopper, a Brazilian subscription delivery platform for consumer products, raised R$10m from Canary, former Renner CEO José Galló, Juscelino Martins of Grupo Martins and 99/Yellow co-founder Ariel Lambrecht. Shopper raised…
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Mexico is fast emerging as the new battleground for the global transport wars, from rideshare and delivery to e-scooters and mopeds: In the past year, Chinese heavyweights Didi Chuxing (rideshare),…
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Canary Raises R$160m Fund (em português)
March 3, 2018Canary raised R$160m for its first fund. Investments include fintech SmartMEI, HR platform Gupy, IT startup Terramagna, used car marketplace Volanty, online factoring platform Rapidoo, and IDwall, a validation and…
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Didi Chuxing has agreed to acquire control of Brazil’s 99
January 4, 2018Didi Chuxing plans to acquire a majority stake in Brazilian rideshare startup 99 for ~US$600m. This officially puts 99 in unicorn territory. Didi and Riverwood Capital invested over US$100m in…
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State of the Industry: 2017 VC Deal Activity & Highlights
October 31, 2017The entrance of major global investors into a string of recent early and expansion stage rounds in Latin America is contributing to record investment dollars in Latin American startups.
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The global transport wars are heating up in Latin America with major investments from new Asian players. A few months after Chinese transportation giant Didi Chuxing announced a US$100m co-investment…
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Japan’s Softbank Injects US$100m in 99
May 24, 2017Japan’s Softbank and Riverwood Capital bought a minority stake in 99 (formerly 99 Taxis), a Brazilian rideshare company, for US$100m. Investors in 99 include Didi Chuxing, Riverwood Capital, monashees+, Qualcomm…
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Didi Chuxing Leads ~US$100m Investment in 99 (em português)
January 4, 2017(Valor Econômico) Chinese transportation giant Didi Chuxing led an investment in Brazilian rideshare company 99 (formerly 99 Taxis) of over US$100m. The investment round also included participation from monashees+, Qualcomm…