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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.

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Zapt is now Trela; aims to remove the middleman from group food shopping

March 10, 2022

In Trela’s case, it is developing a way for Brazilian neighbors to connect groups of people to suppliers, particularly for food purchases with the goal of eliminating the middleman so purchases can be made directly. The company is competing against grocery stores by connecting the ends of the supply chain to give neighbors themselves the buying power of a small restaurant or grocery store so that they can share in the cost of food — in some cases between 20%. and 60% in lower costs. Since the seed round in... Read More >

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How SA’s Wamly is changing the way companies interview for vacant positions

March 10, 2022

South African startup Wamly is changing the recruitment processes of companies by providing them with one-way video interview software that does away with the need for one-on-one interviews, allowing them to interview more people and better candidates, faster. Founded in 2018 by Francois de Wet, Wamly allows companies to recruit candidates by sending out a custom link, that will allow the candidates to perform a one-way video interview, just like in real life, but without the need for the employer to be present, allowing the company to interview a lot... Read More >

CDPI Emerging Markets