Jüsto, a Mexico City, Mexico-based online grocer, raised USD $70M in Equity and Debt financing.
The USD $50M equity round was existing investor General Atlantic with participation from others, while the approximately USD $20M debt facility was arranged by HSBC México.
The company intends to use the funds to continue the execution of its growth strategy, primarily in Mexico, further enhance operational efficiencies, and push the boundaries of conventional e-commerce models across the region.
Founded in 2019 by CEO Ricardo Weder, Jüsto is an online grocery platform operating throughout Latin America. The company designs, develops, and deploys the technology to support different processes within the organization, from assortment and inventory management to operations and logistics. Its business model is fully online, without physical stores, and delivers directly to the customer’s home.
The company offers a vast catalog of products, both from top brands and local producers, all at competitive prices.
The company has operations in Mexico, Brazil, and Peru.
FinSMEs
17/10/2024