Merqueo Raises $50M in Series C Funding
- Merqueo, a Mexico City-based full-stack delivery scale-up, raised $50m in series C funding
- The round was led by IDC Ventures, Digital Bridge and IDB Invest supported by MGM Innova Group, Celtic House Venture Partners, Palm Drive Capital
- The company plans to use this capital to grow in Latin America, hire and scale its team across Mexico
- The company is a full-stack grocery delivery company owning and controlling the entire vertical supply chain using its proprietary technology
- Its catalog encompasses up to 10,000 products including fresh fruits and vegetables, imported products, liquors, household items
- Mc Allister, an industry expert, also co-founded Domicilios.com, one of Latin America’s most successful food delivery companies, bought by Delivery Hero in 2017
