Mexican e-commerce platform 99 minutos has announced a new fundraising round of $82 million dollars (mdd), which was led by OAK HC/FT, with the participation of existing investors Kaszek and Prosus Ventures.
The last round of financing that the startup received was in 2021, with which the operation and business of 99 minutos tripled.
With the new funds from this Series C, the company will be able to execute a three-pronged strategy to scale new business models, expand throughout Latin America, and invest in new sustainability initiatives in line with low-carbon emission goals – including the purchase of vehicles electrical.
A new offer to continue growing your business will be Punto 99, a new collection/delivery network (pick up and drop off) focused on new services to cover the entire fulfillment process.
It will also launch a route tracking and optimization SaaS solution for its customers.
99 minutos was founded by Alexis Patjane in 2013 as a last-mile delivery service for online stores. It was one of the first Latin American companies to guarantee delivery in less than 99 minutos, which explains its name.
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