Visa’s exclusive interview in the first issue of our magazine; the Brazilian spending habits explained by our columnist on economics Diego Amorim; another Brazilian startup to raise capital from Softbank; NBCUniversal’s new streaming service and much more in this week’s review.
If last week’s news made Brazilian retailers cry us a river after the arrival of Amazon Prime in the country, this week the horizon glittered with a few rays of sunshine. Two positive results were released this week: Mastercard revealed that Brazilian e-commerce grew by 15% in July and Brazil’s Week took place as a new sales event promoted by the government, reaching an increase of 7.9% on revenues in September, in comparison with the same period on previous months.
Still on Latin America’s major economy, the week also had important announcements for the Brazilian market – DHL, the German logistics company, has announced big plans for the country, saying that it will double its express deliveries in Brazil by 2023. This is a strategic timing for DHL, given the privatization announced for Brazil’s postal service, Correios.
And Softbank doesn’t seem to be moving away from Brazilian players anytime soon: The Japanese giant has increased its shares in Banco Inter’s capital, up from a prior 10% to 14%. One of the main investors of Inter, Softbank holds now 35 million units of the company.
As for other sectors, not only fintechs and banks are surfing a rising wave: featuring technology with products and services seems to be a trend that is here to stay – and proof of it is the booming sector of foodtechs. This week, the second-largest food processing company in Brazil, Marfrig, announced that it will start exporting Brazilian vegetarian meat to Japan, China, the US, and Argentina. The company already has a partnership with Burger King in Brazil.
Meanwhile, in Colombia, the superapp Rappi has introduced pit stops for its partners or “Rappitenderos” in its home country, in an investment of $ 178 thousand. The startup’s plans go hand in hand with rising labor-regulation concerns that are emerging with businesses based on the digital economy. And beyond Latin American borders, this week also unveiled that Nasper’s company Prosus, investor of players like the Brazilian iFood, is now the biggest internet company in Europe. Nasper is a big hit in the tech sector, and is known for the most successful venture capital investment in history.
That’s not all: Check out this week’s overview and don’t forget our extra tip for the weekend:
4 – The drivers of real change
The greatest business stories of those who are trailblazers in the Latin American market, told in a whole new format. An interview with Fernando Teles, from Visa; the successful journey of Rappi, Microsoft, and other savvy players in Latam, Americas Market Intelligence on the venture capital landscape in the region – and more.
Read the first edition of our digital magazine, filled with exclusive content of only what matters most in the Latin American market. Click the image and subscribe!
3 – The Brazilian way of spending
Gathering the money first, to only then buy a good or service is, almost always, too much to ask for a Brazilian consumer. Why? Our columnist, Diego Amorim, explains Brazilian spending habits and the cultural aspects that impact directly on purchasing behavior. Read the full article.
2 – Softbank leads a new investment in Brazilian startup MadeiraMadeira
The home products startup MadeiraMadeira is the latest target of Softbank. The Japanese fund led the biggest investment that the Brazilian company has ever received: $ 110 million. During the same funding round, Light Street Capital and Flybridge Capital Partners, both of which have invested in Uber and Rappi, have now also invested in MadeiraMadeira.
1 – Peacock is NBCUniversal’s own streaming service
There has never been a busier time in the streaming industry. What was once – not long ago – a land of an absolute king – has just gained a new competitor: NBCUniversal has also joined the dispute with its own streaming service, Peacock, to be launched in April 2020.
Some big comedy hits like “The Office” and “Parks and Recreation” are among the acquisitions of the new service.
LABS+1: Shark Tank reached its 3rd season in Colombia
The business TV show has flown sky-high in Latin America, reaching 17 countries in the region. And among them, one of the most promising Latin American hub-techs, Colombia, where the audience is able to watch the third season of the show, which was launched earlier this month.
In addition to the traditional business stories, this season brings one big new story: a new woman investor is joining the team, Alejandra Torres Dromgold. With an insider’s perspective on how innovative new businesses in the country could be, Shark Tank shows Colombia in a way that you have never seen before and that for sure you cannot miss.