Riogrande builds and scales local consumer brands through incubation and targeted acquisitions, focusing on home, kitchen and beauty categories sold on marketplaces like MercadoLibre and Amazon. The founders — Tono Mandly, Federico Naides and Ivan Amelong — started the company in Mexico City in 2021 and come from Rocket Internet and Delivery Hero backgrounds. After participating in Y Combinator, Riogrande says it has taken several home brands from zero to $1M in revenue within two months. The company aims to run a smaller, more intensive portfolio (about 30 brands) rather than hundreds, targeting roughly $30M in revenue per brand. Riogrande doubled its revenue in the past year, is already profitable, and says it can comfortably shift between growth and profitability. Management targets $1 billion in topline with 35% EBITDA margins as its long-term goal.

Total raised

$12M

Funding rounds

1

Latest round

Seed

Latest activity

Mar 2022