Jüsto raises funds for acquisitions

Jüsto raises funds for acquisitions

Equity Funds Mexico Capital Markets Asset Management Project & Infrastructure Finance Commerce Technology

Mexican grocery delivery platform Jüsto plans to use the $152 million it raised in a Series B financing round to fund possible acquisitions in Latin America, CEO Ricardo Weder said in an email to LatinFinance on Thursday. "We will be evaluating different alternatives," Weder said of M&A opportunities in the region. "With this round, we will be strengthening our presence in Brazil, Mexico, Peru and in new cities in Latin America," he said, adding that Jüsto will also use part of the proceeds

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