Uber Technologies acquired 100% of Cornershop to make the Chilean startup part of its e-commerce long term bet at a reported ~USD3b+ valuation. The deal comes two years after a …
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Company: Heru Investors: Mountain Nazca, Flourish Ventures, Magma Partners, Y Combinator, Xtraordinary Ventures Interview with: Co-Founders Stiven Rodriguez and Mateo Jaramillo A recent study conducted by Flourish Ventures, MEI Facil,…
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Uber will acquire a majority stake in Cornershop, a Mexican on-demand delivery platform, in its first disclosed startup investment in Latin America, subject to regulatory approal. Mexican regulator Cofece nixed…
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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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The Brazilian lower house of Congress voted to approve lighter regulation on car-hailing apps such as Uber and Cabify. The approved amendments eliminated requirements such as needing to use taxi-style…
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Goldman Sachs led a US$20m Series C investment in Brazilian trucking startup CargoX, with participation from Qualcomm Ventures, Soros, and existing investors Valor Capital, Agility Logistics, and Uber co-founder Oscar…
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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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The Brazilian House of Representatives, Câmara dos Deputados, will vote on whether or not to impose federal regulation on the passenger transportation app, Uber. (Valor Econômico) A Câmara dos Deputados…
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(Fortune) The Spanish Uber competitor Cabify, which is currently expanding in Latin America, has raised a US$120m Series C round of investment. The round was led by Japan’s Rakuten at…
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(Baguete) Brazilian shipping startup CargoX has received an undisclosed amount of investment from Valor Capital, Lumia Capital and Agility Logistics to disrupt the cargo shipment market in Brazil, alongside Uber…
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