Mexico’s Justo grocery app lands US$65 million funding round

Founder Ricardo Weder also spoke of ambitions to expanding to other countries in Latin America such as Colombia, Brazil and Chile, but gave no time frame.

RIO DE JANEIRO, BRAZIL - Mexican grocery delivery startup Justo has raised US$65 million in a funding round led by U.S.-based equity firm General Atlantic and plans to expand in Mexico this year, the company said.

Founded a year and a half ago, the startup saw the coronavirus pandemic boost demand for online deliveries of goods ranging from fresh foods to cleaning supplies.

Unlike apps such as Cornershop and Rappi that send couriers to pick up food from brick-and-mortar stores, Justo keeps its own stock of goods, which it sends direct from its warehouses to customers . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?