Quinio Jumps Into World Of E-Commerce Aggregators With $20M Seed
PRIVATEDec 08, 2021
Amount Raised
$20 Million
Round Type
Seed
Mexico
Description
A new company is entering the crowded e-commerce aggregator space to acquire and scale high-performing Latin American brands selling on MercadoLibre, Shopify or Amazon.
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Company Information
Company
Quinio
Location
Mexico
About
A new company is entering the crowded e-commerce aggregator space to acquire and scale high-performing Latin American brands selling on MercadoLibre, Shopify or Amazon. The company will kick off the new year with 10 brands representing $10 million revenue run rate. And although the company is initially looking at acquiring 30 brands, Gavito estimates there are 100,000 sellers across Latin America that fit its strategy among a market worth $105 billion. The company will also expand its staff — at 33 people today — to over 100 by the end of next year as it begins looking for brands outside of Mexico in Chile, Colombia, Brazil and Argentina. That has enabled Quinio to realize double-digit growth each month so far.
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Mexico