Technology

Brazilian startup Olist will receive more than $40 million from SoftBank

According to Neofeed, the company was valued at over $100 million

Ler em português
  • The investment in the startup of the city of Curitiba is just one of a series of contributions made by SoftBank in Latin America;
  • More than 7,000 merchants currently use the Olist platform.

Brazilian startup Olist, a virtual store that operates within marketplaces such as Mercado Livre and B2W, will receive more than $ 40 million from the Japanese investment fund SoftBank. The information was anticipated by Brazilian business news site NeoFeed. The company was valued at over $ 100 million.

According to the site, more than 7,000 merchants currently use the Olist platform.

ALSO READ: 2019: An investment Odyssey for startups in Latin America

The investment in the startup of the city of Curitiba is just one of a series of contributions made by SoftBank in Latin America that helped the region produce more than 15 unicorns from 2017 – the last one was the global payment fintech EBANX.

So far, the biggest SoftBank contribution in the region has been received by the Colombian Rappi delivery app. Other startups such as Creditas, Loggi, Gympass and Banco Inter are also among the Japanese conglomerate fund’s investments.