Mexican online delivery-only supermarket Jüsto raised $70M in debt and equity. General Atlantic led the $50M equity portion while HSBC México led the $20M debt.
Jüsto will use the funds to grow primarily in Mexico and enhance its operations and e-commerce model across the region.
Jüsto operates in Mexico, Brazil, and Peru as Latin America’s only vertically integrated online grocer. Jüsto optimizes demand forecasting, minimizes waste, and streamlines daily operations, by leveraging artificial intelligence and data analytics
Founded in 2019 by Ricardo Weder, Jüsto employs proprietary software to design and deploy technology tailored to operational processes, including assortment and inventory management.
Read more on Businesswire.
