99minutos Secures $82M for Latin American Expansion and Sustainability Push
99minutos, a leading logistics service provider for e-commerce businesses across Latin America, has secured $82 million in Series C funding. The round was led by Oak HC/FT, with continued support from Kaszek and Prosus Ventures.
The fresh capital will fuel 99minutos' expansion plans. The company aims to scale innovative business models and enter new geographic areas within Latin America. While specific countries have not been disclosed, the region offers ample opportunities for growth.
Sustainability is also a key focus. 99minutos intends to invest in electric vehicles, reducing its carbon footprint and contributing to a greener future for logistics in the region.
With $82 million in Series C funding, 99minutos is poised for significant growth. The company will explore new business models, expand geographically, and embrace sustainability through electric vehicles. This funding round underscores investors' confidence in 99minutos' potential to shape Latin America's e-commerce logistics landscape.
