Business

Nuvemshop buys logistics startup Mandaê

With the acquisition, the unicorn enters the logistics market for small and medium-sized companies

Nuvemshop buys Mandaê
Photo: Courtesy
Ler em português

E-commerce platform Nuvemshop (also known as Tiendanube in Latin America) announced the acquisition of log tech startup Mandaê this Friday. Founded in 2014, Mandaê provides e-commerce logistics solutions for SMEs. Nuvemshop will integrate the startup‘s operation. The deal value was not disclosed.

With the acquisition, Nuvemshop joins a news market: logistics for small and medium e-commerce businesses. According to the press release, Nuvemshop will continue to operate as an open platform, working with other logistics providers in its ecosystem. In turn, Mandaê will keep its current partners and customers in addition to Nuvemshop.

READ ALSO: Investments made by Argentina’s NXTP Ventures, a pioneer in LatAm venture capital, start to pay off

“Acquiring Mandaê and integrating the teams is part of our strategy to deliver more and better solutions to retailers”, says the CEO and co-founder of Nuvemshop, Santiago Sosa. “With the association of the two companies, we will strengthen our service offer, but we will continue with our open platform DNA, integrating several companies – logistics and other categories – so that entrepreneurs can choose the best solution for their business needs”.

Nuvemshop: expanding unicorn

In August, Nuvemshop closed a $ 500 million Series E round and became one of the most valuables Latin American unicorns. With over a 90,000 retailers connected to its platform, the next step for the company is expansion. Nuvemshop projects a business growth of more than 20 times over the next 5 years.

“We know that we still have a long way to go and that logistical solutions are key to the success of online businesses, but one thing is certain: we will continue to accelerate e-commerce in Brazil and Latin America”, adds Sosa.

READ ALSO: Tembici raises $80 million to speed up new business line focused on bike delivery

“Logistics is one of the main challenges for e-commerce in Latin America and, for years, Mandaê has helped thousands of merchants to ship millions of packages faster, more efficiently and economically — advantages that help them to grow. We’re excited to be part of the team, but even more excited to be able to help Nuvemshop retailers achieve success with logistics”, says Mandaê CEO and co-founder Marcelo Fujimoto.

Get the best insights about Latin America market in your inbox