Posted inArgentina, Deals, M&A, News

Why Mercado Libre & Despegar are destined to opposite fates

Contxto – Like a classic romantic novel, Despegar and Mercado Libre seem to be destined to inversely correlated fates, at least for the time being. Travel is being hit mercilessly hard by global markets while e-commerce seems to be gaining traction even with previously unattended users.  Last week Mercado Libre and Despegar—both Argentine titans—released their […]

Posted inArgentina, Chile, Colombia, e-commerce, M&A, Mexico

Mercado Libre goes shopping, buys software startup Lagash

[wd_hustle id=”InArticleOptin” type=”embedded”/] Contxto – Users on Mercado Libre’s site aren’t the only ones who complete purchases. The e-commerce giant has done some shopping of its own this week. Yesterday (11) the company announced it bought Argentine software development startup, Lagash. But the parties didn’t disclose the price tag on the acquisition. However, I’d venture […]

Posted inArgentina, Blockchain, Cryptocurrencies, News, Technology

MercadoPago and Xapo, two Latin American companies joining Facebook’s Libra Association

Contxto – The recent announcement of Facebook’s newest crypto-project, Libra, has provided much to talk about. While many think that this initiative is reserved for big-tech and foreign companies, that’s not necessarily the case. In summary There are two Latin American companies partnering with Facebook and joining the Libra Association Board. These include MercadoPago and […]

Posted inArgentina, Deals, e-commerce, News, Startups, Venture Capital

MercadoLibre raises US$750 million from Paypal, plans to grow in Mexico

Contxto – The Argentine e-commerce giant, MercadoLibre, recently launched a press release announcing the offering of US$1 billion of common stock. On top of that is the company’s 30-day option for initial underwriters to acquire an additional US$150 million of equity. Paypal has already signed up. Fresh capital Paypal has already announced its commitment to […]