LatAm List – Rayo is a Chilean delivery platform that focuses on “ultra-express” corporate deliveries, promising dispatch in under two hours. The company already processes over CLP$1B (US$1.5M) in orders yearly with over 25K deliveries per month.
The technology allows users full control over their deliveries, which can be used to serve clients or to support multiple locations of a single store. Rayo offers real-time tracking and constant updates about the delivery process to both the sender and receiver.
Rayo already operates in almost every region of Chile and plans to expand into other countries in Latin America in 2019. The company started with just US$400K in funding from Chile’s development agency, CORFO, and plans to reach breakeven by the end of next year.
Read more in El Mercurio.