5 years ago

Loggi Tecnologia Raises $205 Million in Funding Round Led by SoftBank

  • Loggi Tecnologia, a Brazilian delivery startup backed by SoftBank, has raised 1.15 billion Brazilian reais ($205 million) in its latest funding round, taking the company's valuation close to $2 billion

  • The startup plans to use the funds to invest in technology and expand its network with new logistics centers

  • The funding round was led by SoftBank and included participation from Constellation Investimentos e Participacoes, Velt Partners, and Verde

  • Loggi's daily delivery numbers have more than tripled to 350,000, reaching about 54% of the country's 210 million people

  • The company's growth has been fueled by the robust demand for online delivery during the pandemic

  • Loggi is considering going public in the future.

      • ProblemLogistics and Supply Chain

      "Loggi Tecnologia helps drivers choose between delivery options to avoid traditional lull between mealtimes, increasing delivery numbers and providing a robust demand for online delivery during the pandemic."

      Solution

      "Loggi's technology platform allows drivers to switch between delivery options, increasing efficiency and reducing waiting time for customers."

      Covered on