E-commerce marketplace Linio had raised $230m from investors including Tengelmann, Access Industries and Rocket Internet.
Department store operator Falabella has paid $138m to acquire Mexico-based online marketplace Linio in a deal that enabled retail group Tengelmann and diversified conglomerate Access Industries to exit.
Incubated by e-commerce holding company Rocket Internet and launched in 2012, Linio operates an online platform enabling businesses to sell a diverse range of consumer goods including electronics, toys, cosmetics and even cars.
The company operates in Argentina, Mexico, Chile, Peru, Colombia, Venezuela, Ecuador and Panama, and generated $137m in revenue in…
