Prosus Ventures has returned to back the on-demand delivery service, helping the company’s total funding reach nearly $129m.

Mexico-based last-mile delivery platform 99 Minutos secured $82m in series C funding yesterday from investors including Prosus, the internet group formed by media and e-commerce conglomerate Naspers.

Growth equity firm Oak HC/FT led the round, which included venture capital firm Kaszek Ventures, while Prosus took part through its Prosus Ventures subsidiary. The deal lifted the company’s total funding to almost $129m, according to TechCrunch.

Founded in 2014, 99 Minutos has built a last-mile delivery app that caters to users in…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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