Pandas operates a marketplace that lets small businesses in Latin America source Asian-origin inventory directly from manufacturers, cutting multiple intermediaries and high fees. The company was founded three months ago by Rio Xin and Marcos Esterli, who bring McKinsey and regional operational experience. Customers place orders in a few clicks and Pandas handles sourcing, logistics, one-day delivery and customer support. The startup is reporting 100% month-over-month growth and has built a supplier network of roughly 300 out of an estimated 5,000 suppliers in China. With a new $6.3M pre-seed, Pandas plans to expand beyond basic electronics into textiles and home accessories and to scale operations, technology and product development. The company expects to enter most main Latin American markets within three years and will add fintech and analytics features, including financing, over the next 12 months.

Total raised

$6M

Funding rounds

1

Latest round

Seed

Latest activity

May 2022