99minutos clocks in fresh capital for logistics infrastructure in Latin America
99minutos, a logistics service company for e-commerce vendors across Latin America, is making fast work out of attracting funding. It announced today $82 million in Series C funding, led by Oak HC/FT, with participation from existing investors Kaszek and Prosus Ventures. 99minutos has 5,000 employees working from Mexico, Colombia, Chile and Peru, and Patjane aims to reach between 8,000 and 10,000 by the end of the year. It is also working with over 120,000 customers, mainly business-to-business companies. Revenue grew three times year over year.