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Mercado Livre announces investment in Kangu logistics startup
- The company's strategy is to be less depended to Correios.
By: SiiLA News
09/04/2020 Mercado Livre announced this week an investment in the Kangu startup, one of its logistics partners. The amount of the transaction hasn't been disclosed. Renato Pereira, corporate development director at Mercado Livre, informed that the investment in Kangu was driven by its high performance as a logistics partner over the last twelve months.
"Kangu stood out as a partner that can adapt to the changes and growth that the Mercado Livre demands. In one year, we went from 500,000 orders per day to 1 million", said the executive to Exame. The company's strategy is to be less depended to Correios.
Read the full story (in Portuguese).
Source: E-commerce Brasil
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