Posted inCentral America

Delivery Hero buys Glovo ops in Latin America for up to US$272 million

Contxto – Spanish food delivery platform Glovo is tapping out of many parts in search of profitability, including Latin America. Yesterday (16), news broke that Berlin-based Delivery Hero bought Glovo’s operations in Latam a deal for up to €230 million (~US$272 million). As a result, the German company will strengthen its presence in Panama, Costa […]

Posted inColombia

Rappi to launch (zero fee) platform for restaurants. But, is it really free?

Contxto – Colombian Rappi wants to take its relationship with restaurants to a new level. Yesterday (23), the startup announced the launch of “Propio,” a platform for eating establishments to manage their sales and deliveries.  “We’ve taken our technology and placed it at the service of large and small-sized restaurants so they can have their […]

Posted inCentral America

Hugo pilots drone deliveries and launches delivery-only grocery store

Contxto – Salvadoran Hugo has been very busy throughout 2020. Last we wrote about the delivery startup, it closed its Series A and launched Hugo Ventures to invest in tech startups—particularly for those from the Central American region. More recently, it’s been pilot testing drones to complement its logistics operations and it launched hugoMarket, an […]

Posted inMexico

IDB Lab and DILA’s newest regional fund will connect previously disparate corners of the ecosystem

Contxto – Venture capital (VC) fund, DILA Capital, has announced that it is teaming up with IDB Lab in order to launch DILA IV, a pan-Latam fund looking to develop and integrate the regional startup and VC ecosystem. IDB Lab is the innovation laboratory of the Inter-American Bank of Development Group, a Washington-based development finance […]

Posted inArgentina, Brazil, Chile, Colombia, Ecuador, Mexico, News, Panama, Paraguay, Peru, Startups, Uruguay

Top 10 tech hubs of Latin America in 2020

Contxto –  It’s that time of the year again! StartupBlink has published the latest edition of its Global Rankings Report. The moment has come to see which are the top tech hubs of Latin America. For those of you who are new to this ranking, StartupBlink, developed an algorithm which ranks startup ecosystems across the […]