Investment

Kangu raises $1.2M Seed Round led by NXTP Ventures

LatAm ListKangu, the Brazilian e-commerce logistics network, recently announced a $1.2M (R$6M) seed round led by NXTP Ventures with participation from various angel investors, including Américo Pereira Filho, former FedEx Brazil President.

The e-commerce market in Brazil is rapidly growing as more companies look to streamline the traditionally slow and impracticable services that have struggled as demand increased due to the growth of digital commerce. Kangu uses a vertically integrated network of drop-off and pick-up points to solve the infrastructural problems that leave small retailers at a disadvantage in the market.

“Kangu emerged to contribute to the Brazilian logistics market in the distribution of products, mainly in large urban centers,” said Ricardo Araujo, co-founder of Kangu.

The startup connects small online sellers, e-commerce companies, transporters, third-party logistics providers, and consumers through a growing network of over 700 drop-off and pick-up points throughout Brazil. The platform allows all parties to handle the delivery, return, and transport of all online purchases quickly and efficiently.

“By placing the final consumer at the center of the decision, we have become an excellent option for the drop-off services of e-commerce sellers, order pick-up and reverse logistics of products that can be posted or picked up very close to the home or workplace, as well as scheduled delivery services,” explained Araujo.

Read more in the press release.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: