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Quinio raises $40m in new funding

LatAm based e-commerce aggregator secured $40m in new funding led by Northgate Capital.

“This shift created a more challenging environment for e-commerce aggregators who benefited strongly from the rapid acceleration seen during 2020 and 2021. We expect the market to settle down a bit during this year and get back to pre-COVID growth rates for 2023.”

Tags

latam, ecommerce