Mexican startup buys online stores across Latin America and is now landing in Brazil

Valoreo announced funding from Kaszek Ventures and the addition of Hernán Kazah, Mercado Libre's co-founder, to its board of directors. The Mexican startup will use the funds to expand in countries such as Argentina, Brazil, and Colombia.

RIO DE JANEIRO, BRAZIL -  E-commerce was one of the segments that benefited the most from the pandemic. In Brazil alone, revenues from online stores grew 41% and totaled R$87.4 (US$16.1) billion. Several startups are looking to create their own e-commerces, or provide tools for those who are in the business.

Valoreo is among them, purchasing and leveraging online stores as its strategy. The Mexican startup is looking to serve entrepreneurs throughout Latin America - and is now landing in Brazil.

The announcement came along with an investment of undisclosed value from Kaszek Ventures. The fund . . .

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