Merqueo operates a full-stack, on-demand online supermarket that sources directly from large brands and local suppliers and delivers from a network of dark stores. The platform offers more than 8,000 products spanning fresh foods, packaged goods, home essentials, beverages and frozen items. It currently operates in more than 25 cities across Colombia, Mexico and Brazil and serves over 600,000 users. The company reports being close to $100 million in run-rate revenue, grew more than 2.5x in 2020, and reached positive cash flow in Colombia, its most mature market. Merqueo has roughly 1,300 employees and says owning the vertical supply chain gives it better margins and healthy unit economics. The startup plans to use new capital to accelerate geographic expansion in Brazil (starting with Sao Paulo) and to build the largest dark-store network in Latin America.

Total raised

$50M

Funding rounds

1

Latest round

Series C

Latest activity

Jul 2021