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Quinio jumps into world of e-commerce aggregators with $20M seed

By ET Bureau - December 10, 2021 1 Mins Read

Quinio, a Mexican-based company, announced today that it has received $ 20 million in debt and equity rounds that will be used to add more than 30 products to its portfolio.

The company was founded last year by Juan Gavito, Iker Garay and Gavito’s brother, Santiago Gavito. CEO Juan Gavito, formerly in digital marketing, and Santiago Gavito have independent financial and business backgrounds, while Garay expands startups.

Quinio is not focused on any specific categories, but follows mid-range brands that generate between $ 100,000 and $ 20 million a year. Following the acquisition, the Quinio team focused on increasing sales, efficiency and improving cost structures.

Read More: techcrunch

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