Chiper, a Colombian e-commerce startup, raised a $53M Series B funding round led by Tiger Global and Nosara Capital. Additional investors included Endeavor Catalyst, inQlab, Alter Global, and Interplay.
Chiper is an e-commerce platform for corner shops. The platform enables corner shop owners to buy their stock online, opening up the market for small retailers throughout Colombia and Mexico.
Corner shops play a huge role in Latin America where many people in the outlying areas rely on them for all their daily groceries. Chiper serves more than 40 million customers with over 3 million products that they can order and receive the next day to their door.
Co-founder and CEO José Bonilla described Chiper as “like Amazon, but for corner shops”.
The platform has so far raised a total of $78M and plans to use the new funding to launch into Brazil. Chiper is also looking to make around 200 new hires and add 2 million products to its site.
Read more on Bloomberg.
