J\u00fcsto, LATAM\u2019s leading online supermarket with operations in Mexico, Brazil and Peru, has raised $70 million in equity and debt financing.<\/p>\n\n\n\n
The $50 million equity round was led by General Atlantic with participation from others, while the debt financing of approximately $20 million was structured by HSBC Mexico.<\/p>\n\n\n\n
J\u00fcsto intends to use the new financing to continue executing its growth strategy, primarily in Mexico, further improve operational efficiency and redefine traditional e-commerce models in the region.<\/p>\n\n\n\n
J\u00fcsto was founded in 2019 by CEO Ricardo Weder as Mexico’s first fully integrated, 100% digital online supermarket platform and has grown to become a leading online supermarket throughout LATAM America.<\/p>\n\n\n\n
With a potential market exceeding USD $600 billion, the Company is committed to transforming the LATAM supermarket industry.<\/p>\n\n\n\n
As the only first-hand supermarket (1P) operating in all of LATAM, J\u00fcsto uses AI and data analytics to support daily operations, as well as proprietary software<\/em> to manage, select and deliver orders.<\/p>\n\n\n\n Weder said: “This new round of funding highlights the strong confidence our investors have in J\u00fcsto, our team and the unique approach we bring. We are excited to continue deploying our capital to redefine the shopping experience in Latin America through advanced technology and efficient operations.<\/p>\n\n\n\n Zeev Thepris, Vice President, General Atlantic, said: “Mexico and Latin America present an immense opportunity for disruptive digital innovation.<\/p>\n\n\n\n \u201cWe believe that J\u00fcsto’s approach, with its emphasis on technology-enabled customer service will continue to transform the shopping experience for consumers in Mexico.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":" J\u00fcsto, LATAM\u2019s leading online supermarket with operations in Mexico, Brazil and Peru, has raised $70 million in equity and debt financing. The $50 million equity round was led by General Atlantic with participation from others, while the debt financing of approximately $20 million was structured by HSBC Mexico. J\u00fcsto intends to use the new financing […]<\/p>\n","protected":false},"author":58,"featured_media":15655,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4674,3124,4985,74,5,2237,207,3],"tags":[5115,5116,5114,414,5119,5117],"class_list":["post-15654","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ai","category-data","category-digital-solutions","category-digital-transformation","category-intelligent-technology","category-latam","category-tech","category-top-stories","tag-general-atlantic","tag-hsbc-mexico","tag-justo","tag-latam","tag-online-supermarket","tag-ricardo-weder"],"acf":[],"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/posts\/15654","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/users\/58"}],"replies":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/comments?post=15654"}],"version-history":[{"count":1,"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/posts\/15654\/revisions"}],"predecessor-version":[{"id":15656,"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/posts\/15654\/revisions\/15656"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/media\/15655"}],"wp:attachment":[{"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/media?parent=15654"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/categories?post=15654"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/tags?post=15654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}