Merqueo, which operates an on-demand full stack delivery service in Latin America, has received $50 million in a Series C funding round.
IDC Ventures, Digital Bridge and IDB Invest lead the slot round. This includes participation from MGM Innova Group, Celtic House Venture Partners, Palm Drive Capital and existing shareholders. The financing has allowed the Colombian startup Bogota to raise $85 million since its inception in 2017.
Miguel McAllister, CEO and co-founder of Merqueo, knows a thing or two about the Latin American delivery space. and also co-founded Dominicilios.com It is a Latin American food delivery company acquired by Berlin-based Delivery Hero. and later merged with Brazilian Ifood.
McAllister describes Merqueo as a "playful online supermarket with a one-stop grocery delivery service" that comes directly from big brands and local suppliers. avoid middlemen and “Direct from the Dark Shop Chain” (Dark Stores are traditional retail stores that have been converted into local fulfillment centers.”
Merqueo offers more than 8,000 products, including fresh food. packaged goods, household goods, beverages and frozen products It currently operates in more than 25 cities in Colombia, Mexico and Brazil, and more.