Quinio Jumps Into World Of E-Commerce Aggregators With $20M Seed

Company

About

A new company is entering the crowded e-commerce aggregator space to acquire and scale high-performing Latin American brands selling on MercadoLibre, Shopify or Amazon. The company will kick off the new year with 10 brands representing $10 million revenue run rate. And although the company is initially looking at acquiring 30 brands, Gavito estimates there are 100,000 sellers across Latin America that fit its strategy among a market worth $105 billion. The company will also expand its staff — at 33 people today — to over 100 by the end of next year as it begins looking for brands outside of Mexico in Chile, Colombia, Brazil and Argentina. That has enabled Quinio to realize double-digit growth each month so far.