The Venture Codex Logo

The Venture Codex

Meru

Av. Insurgentes Sur 2453, Col. Tizapan, Del. Alvaro Obregon, Mexico City, Not specified, Mexico

Overview

Meru operates a marketplace and app that connects local and foreign manufacturers to the supply chain, initially focusing on China–Mexico sourcing and working with quality‑certified factories. The platform guarantees deliveries and aims to remove intermediaries and price asymmetries, allowing customers to select and purchase products in minutes. It has fintech partners to assist with financing and handles logistics, billing, and follow‑up processes. The company participated in Y Combinator's winter 2021 batch and was founded in 2020. Meru reports more than 10,000 registered users, seven product categories, and has scaled from six employees in August (at launch) to 210 employees across China and Mexico. It is growing revenue 40%–50% monthly and plans to use new capital to add verticals and categories, advance technology, and scale the team as it pursues becoming the "Alibaba" of Latin America.

Total raised
$15M
Funding rounds
1
Latest round
Series A
Latest activity
Dec 2021

Industries

  • Automotive
  • Consulting
  • E-Commerce
  • Information Technology
  • Supply Chain Management
Visit website

Recent funding

  1. Series A

    Dec 2021

    $15M

Team