SoftBank leads financing round for Brazil's Olist

SoftBank leads financing round for Brazil's Olist

Equity Brazil Japan

Japan's SoftBank Group has arranged BRL190m ($47.1m) in financing for the Brazilian e-commerce marketplace aggregator Olist, the companies said in a joint statement.Olist's third round of funding also involved existing investors Redpoint eventures and Valor Capital, the companies said.Olist plans to use the money to increase the number of clients to 100,000 from 7,000 within two years. It could also add financial products and strike up partnerships with other SoftBank portfolio companies like th

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial