Colombian online supermarket Merqueo secures $22 million in funding

Oluwajuwonlo Afolabi -

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.