E-commerce website Avenida has added Naspers and Tiger Global to its shareholders in a series C round that boosted its overall funding to more than $50m.
Argentina-based e-commerce platform Avenida has raised $30m in a series C round co-led by media company Naspers and investment firm Tiger Global Management, Emprendedores News reported yesterday.
Launched in 2013 out of incubator Quasar Ventures, Avenida operates a website and mobile app for consumers to purchase a diverse range of consumer goods. Products can be delivered to a customer’s home or collected from one of the company’s 11 pick-up locations.
The investment will go towards technology development and expansion efforts.…
