Nuvemshop follows mega funding round with Mandaê acquisition
Latin American e-commerce platform, Nuvemshop, has announced the acquisition of Mandaê, a logistics platform for small and medium online businesses.
Financial terms of the deal, which represents the former’s first direct step into the logistics market, were not disclosed.
It follows a $500 million Series E round of funding that valued Nuvemshop at $3.1 billion.
“Acquiring Mandaê and integrating our teams is part of our strategy to deliver even greater solutions to merchants across the supply chain ecosystem,” says Santiago Sosa, CEO and Co-founder, Nuvemshop
“With this merger, we will strengthen our services offering, as well as continue with our open platform DNA, incorporating various companies in logistics and other markets so entrepreneurs may choose the best solution that meets their needs.”
“Our goal is to have more variety and quality within our ecosystem, to cater to retailers of different sizes, segments and regions.”
Rodrigo Rivera, Chief Strategy Officer at Nuvemshop, pictured above, adds: “Combining scale and a focus on what entrepreneurs and their consumers really need, we will improve their buying experience, enable new business models and improve results for entrepreneurs who choose to partner with us.”
Marcelo Fujimoto, CEO and co-founder of Mandaê, comments: “Logistics is one of the main challenges for e-commerce companies in Latin America, and for years, Mandaê has been helping thousands of merchants to ship millions of packages faster, more efficiently and more cost-effectively — advantages that help them compete and grow.”
“We are thrilled to be part of the team, and to be able to help Nuvemshop merchants achieve success with logistics.”
