Zubale Receives $40 Million to Help Retailers Win E-Commerce Battle
Zubale, the leading software and gig collaborators marketplace to fulfill e-commerce orders in LatAm, raised a 40 million dollar Series A. The investment was led by QED Investors. Notable investors include GFC, Felicis Ventures, Hans Tung (GGV Capital) and existing investors including NFX, Kevin Efrusy (Accel), Wollef and Maya Capital.
The e-commerce market in LatAm is the fastest growing in the world, estimated to be over $100 billion and expected to double by 2025. The retail sector has great challenges in the region to provide reliable and consistent deliveries in less than 60 minutes, and Zubale offers a solution that allows retailers to solve this need and have successful e-commerce initiatives.
“Retailers are experiencing great pressure from consumers to improve the shopping experience in their digital channels, offering the same speed and quality of delivery offered by applications such as Rappi, PedidosYa, iFood or Cornershop. However, providing these levels of service and speed of delivery requires giant tech work and large capital investment for which retailers are not prepared,” says Sebastian Monroy, Co-founder of Zubale.
Photo courtesy of geralt.