Tuesday, November 29, 2022

Meru.com takes in new capital toward its goal of being LatAm’s ‘Alibaba’

By ET Bureau - December 06, 2021 1 mins read

Meru.com has announced $15 million in Series A funding. The round was co-led by Valor Capital and EMLES Ventures and included individual investments from a group of founders. To date, the company raised $17 million.

Meru’s technology includes a marketplace and app that connects local and foreign manufacturers to the rest of the supply chain with a simple process and no price asymmetries, initially working between China and Mexico.

The company was part of Y Combinator’s winter batch in 2021, and the new funding will assist Meru to become a one-stop shop for small businesses with the ultimate goal of becoming the Alibaba of Latin America.

Read More: techcrunch

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