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Brazil
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Purina launched a new edition of its ‘Unleashed’ acceleration program to attract petcare startups from around the world and, for the first time, from Brazil and Mexico.
This move marks the beginning of Zapping’s international expansion strategy, and builds on Brazil’s advanced technological infrastructure and large audience.
Nubank reported a significant increase in its loan from IFC, with the total amount recently raised to USD$265.1 million.
The main objective of BID Lab and EIT Climate-KIC is to support startups that are working to create, execute and deliver solutions to reduce carbon emissions on the planet.
The Brazilian startup continues to grow and seeks to revolutionize mobility in the world; it received another capital injection that boosts its objectives.
Nuu plans to expand its reach to 6,000 retail locations. The women-founded startup will primarily use the new funds to drive their marketing and sales initiatives for their sustainable food options.
Brazil’s retail industry shows signs of robust growth, with a 72% increase in job offers in the first quarter of 2023. Raia Drogasil leads the hiring wave, closely followed by Lojas Renner.
The Brazilian automotive fleet management startup will use the capital to expand its team, improve sales efficiency and optimize its product, with plans to grow tenfold by the end of the year.
With this capital, Praso will fuel its national expansion and integrate Floki’s artificial intelligence for the restaurant industry.
Brazil dominates with a staggering income of USD $5.3 billion, followed by Mexico with USD $1.9 billion, demonstrating the vital role of these markets in Meta’s business strategy with WhatsApp.