Quinio’s $40M equity, debt raise shows LatAm is strong market for e-commerce aggregators

Quinio, an e-commerce aggregator that acquires, operates and builds consumer packaged e-commerce brands across Latin America, secured a $40 million boost in both equity and debt.
It’s an interesting time for e-commerce aggregators. Over the past year, the market went from hot, hot, hot to cool, though some aggregators still held on and were even able to close on venture capital deals. For example, OpenStore closed on $32 million in September, while secondhand apparel aggregator Gently took in $2 million of pre-seed dollars and Una Brands bagged $30 million to acquire APAC brands.
Quinio’s co-f

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