Zubale/Handout via REUTERS Acquire Licensing RightsMEXICO CITY, Nov 30 (Reuters) - E-commerce startup Zubale is setting its sights on expanding throughout Brazil and Mexico with a fresh $25 million capital injection, the company said on Thursday.
In Mexico, the startup already operates in 90 cities and is eyeing another 40 over the next two years, said Monroy.
He added that Zubale plans to first boost the technology behind its gig service in Mexico, Latin America's second-largest economy, to increase both workers' productivity and earnings.
Zubale is also going to "speed up market penetration" of its software in Mexico, where the products are "still really green," Monroy said.
The $25 million investment announced on Thursday comes from backers such as QED Investors and NFX, and follows a $40 million Series A funding round last year.
Persons:
Sebastian Monroy, Zubale, Thiego Goularte, Goularte, Monroy, Kylie Madry, Rashmi
Organizations:
Reuters, REUTERS Acquire, MEXICO CITY, Carrefour, Sao Paulo, Thomson
Locations:
Sao Paulo, Brazil, Handout, MEXICO, Mexico, Sao, Rio de Janeiro