Orchata raises $4M, aims to build a ‘Gopuff for Latin America’ – TechCrunch
Summary
The products offered include fresh fruits, beverages, bread, medicines and household items, Garcia told TechCrunch. The first wave was a traditional supermarket where you could spend hours, leading to the second wave of food delivery companies, including major companies in the region.Colombian Lucky Pierrot, for example, was raised in July Series F funding $ 500 million with a $ 5.25 billion valuation In a round led by T. Lowprice and a Chilean corner shop Acquired by Uber In 2019. “This is similar to what’s happening all over the world, but there’s a great opportunity to bring convenience to becoming a Latin American gopuff and we want to build it first in the region.” Said Garcia. He’s working on something and will be running capital on a larger scale.” Both Mateen and Lewy agree that similar apps will emerge because food delivery is a huge market, but Horchata has the obvious advantage of owning a customer experience from start to finish. The company also has multiple use cases, including consumers shopping for a week and those who notice something left behind while cooking for teens who need food for a party.