December 3rd, 2018São Paulo-based rental marketplace called QuintoAndar raised an amount of $64 million (R$ 250 million) in a fresh funding round. The particular funding round was led by General Atlantic to accelerate expansion in Brazil.
The other backers that participated in the round were Kaszek Ventures, Qualcomm Ventures and QED.
The site...
November 14th, 2018A Brazil based technology conglomerate known as Movile has just raised funds amounting to $400 million. This round was led by existing investors including Naspers and Innova Capital.
The funds have basically been raised for its iFood subsidiary. The company was founded by chief executive officer Fabricio Bloisi which began as a...
June 5th, 2018The American Multinational Retail Corporation Walmart Inc. has announced to sell the majority of its stake that is 80% stake in its Brazilian business operations to a private equity company Advent International Corp. decreasing its existence in countries where it is battling and struggling for profitability.
Walmart is a US-based...
September 2nd, 2017The online retail sales of BRICS(Brazil, Russia, India, China and South Africa) countries led by China and India surpassed $876 billion in 2016, in a recent report shared by China’s e-commerce giant Alibaba, today. The report was released ahead of the BRICS summit in Xiamen next week by the Ali Research Institute which is affiliated to...
April 21st, 2017Niche bike maker Royal Enfield today announced its entry into Brazil, the fourth largest two-wheeler market in the world.
The company has entered the Latin American country with three models-- Bullet 500, Classic 500 and the Continental GT cafe racer.
It has set up its second direct distribution subsidiary outside India in Brazil,...
January 26th, 2017Wipro Ltd. a leading global information technology, consulting and business process services company today signed an agreement to acquire InfoSERVER S.A. for BRL 27.6 Million (USD 8.7Mn).
InfoSERVER, an IT services provider, which is focussed on the Brazilian market, provides custom application development and software deployment...
July 5th, 2016U.S. biotech company Monsanto Co and Microsoft Corp announced on Monday a partnership to invest in agricultural technology startups in Brazil.
Monsanto will join a Brazilian investment fund with up to 300 million reais ($92 million), managed by Microsoft, evaluating ideas for new digital tools to be applied to agricultural production...
May 3rd, 2016A Brazilian judge ordered wireless phone carriers to block access to Facebook Inc's WhatsApp for 72 hours throughout Latin America's largest country on Monday, the second such move against the popular messaging application in five months.
The decision by the judge in the northeastern state of Sergipe applies to the five main wireless...
March 8th, 2016Facebook vice-president Diego Dzodan, who was arrested due to a dispute over the company's encrypted WhatsApp messaging service for use in a secretive drug trafficking investigation, has said that the Brazilian jail authorities treated him with respect.
Dzodan was arrested on Tuesday and was released the next day after an appeals...
December 17th, 2015A Brazillian Judge Sandra Regina Nostre Marques ordered the suspension of the Facebook Inc.’s Whatsapp service for 48 hours after WhatsApp declined twice to turn over data requested by the courts as part of a criminal case, the Sao Paulo Justice Court said in a statement. WhatsApp is the most-used app in Brazil. The recent survey...
