UK-based VC Nosara Capital led a USD53m Series B for Chiper, a Colombian supplier management platform for independent merchants, with participation from Tiger Global, Endeavor Catalyst, InQlab, Alter Global and Interpay. Chiper raised a USD12m Series A in October 2020 from KASZEK, monashees and WIND Ventures, the CVD fund of Chilean energy company Copec.
(TechCrunch) – Mom-and-pop corner store owners in Latin America manage relationships with over 100 different suppliers, on average, often traveling long distances to pick up inventory, so they aren’t able to regularly restock.
Most of these relationships are largely managed manually and on paper, but Chiper developed an e-commerce ecosystem for corner stores that is shifting that relationship into the digital realm.
The Colombia-based company is taking on some of that inventory burden by providing access to inventory at lower prices and often same-day delivery on thousands of products.
Read more at TechCrunch.