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Colombian online supermarket Merqueo secures $22 million in funding

Merqueo, [https://merqueo.com/] a Colombia-based digital supermarket has secured $22 million in its new funding round from IDB Invest, a subsidiary of the Inter-American Development Bank and Blue like an Orange, a private investment firm. * The funds will help the startup to expand into Brazil and improve its technological

Oluwajuwonlo Afolabi profile image
by Oluwajuwonlo Afolabi
Colombian online supermarket Merqueo secures $22 million in funding
Photo by gemma / Unsplash

Merqueo, a Colombia-based digital supermarket has secured $22 million in its new funding round from IDB Invest, a subsidiary of the Inter-American Development Bank and Blue like an Orange, a private investment firm.

  • The funds will help the startup to expand into Brazil and improve its technological platform.
  • IDB Investment of $4 million in the round will help the business to further support job creation and purchases from local suppliers in small and medium sizes enterprises (SMEs).
  • Merqueo has bagged $88 million in funding since it launched in 2015.
Oluwajuwonlo Afolabi profile image
by Oluwajuwonlo Afolabi

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