The Mexican online supermarket Jüsto has raised $152M in a Series B round.
Tarsadia Capital, Citius, Arago Capital, Foundation Capital, and Quiet Capital participated in the round.
This funding will help Jüsto to grow its technology and infrastructure and expand to other countries in Latin America.
The company recorded a 500% growth last year and is looking forward to opening its first physical store in Peru.
Jüsto will invest funds in technologies such as Artificial Intelligence, Data Science, and infrastructure to improve its operations in Mexico, Brazil, and Peru
Their first physical store will be a hybrid: the front will be a regular supermarket, and the back will host the technological infrastructure for online delivery.
The company aims to offer an omnichannel experience for customers.
Although Jüsto’s priority is to consolidate its position in the markets where the company is already present, they are considering expanding to countries such as Colombia and Chile.
The company’s goal is to transform the industry by providing an improved shopping experience and offering fresh produce.
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