Argentine Startup Clicoh Acquires Chilean Logistics Firm Rayo
The acquisition looks to consolidate clicOH’s leadership in e-commerce logistics across the region.
Martín Arancibia, founder of Rayo, emphasizes that this merger is not just a financial exit but a strategic enhancement to become a stronger entity in the market.
Rayo, founded in 2017 by Martín Arancibia and Juan Andrés Cabrera, has been a key player in the Chilean and Mexican logistics scene for seven years, specializing in technology-driven express delivery and digitalization to streamline large corporate clients’ inventory management and online sales integration.
This approach has effectively met the e-commerce sector’s demanding delivery pace.
The company reported:
- over 100,000 monthly deliveries,
- servicing 17 cities in Chile
- with more than 1,000 unique couriers,
- and a significant presence in five Mexican cities.
In February 2024, Rayo achieved a financial break-even point, illustrating its sustainable growth and operational success.
Post-acquisition, Rayo founders Arancibia and Cabrera will not only maintain their executive roles in Chile but also assume new corporate leadership positions within clicOH. This integration aligns with clicOH’s mission to deliver same-day and next-day shipping across Latin America, mirroring standards set by giants like Amazon and Mercado Libre.
clicOH’s growth, which saw a 420% increase last year achieving over 7 million deliveries, is propelled by in-house technology development and a robust client portfolio including major brands.
This acquisition follows clicOH’s recent purchase of LOGYSTO, enhancing its comprehensive logistics solutions across Colombia.
Agustín Novillo Saravia, CEO and co-founder of clicOH, states, “Rayo’s leadership in logistics transformation in the region is evident. We are proud to integrate their expertise as we elevate logistics to the next level across Latin America.”
Martín Arancibia comments on the integration, “We quickly realized our true challenge was to gain the trust of the major market players. Finding a cultural fit with clicOH, we decided that joining a team looking at a bigger picture in Latin America was the best step forward for us.”
The merger is expected to further enhance clicOH’s operations, integrating Rayo’s established infrastructure and market penetration in Chile and Mexico into clicOH’s broader Latin American strategy.
