Wonder Brands picks up $20M, aims to develop marketplace of Latin American e-commerce brand names
E-commerce roll-up companies are huge in the United States, and Wonder Brands wants to be that for Latin America. Malek’s background is on the commerce side, having actually worked at Argentinian insurtech business iunigo.com before founding e-commerce satisfaction company Avenida.com, which was obtained by Groupon in 2010. There is a lot of competition to get digitally native business in the $1 million income variety, Malek said Marvel Brands will focus on bigger sellers and operators, with a deal target of at least $5 million in profits. With its technique, the company’s objective is to allow its acquired companies to offer on several channels. According to the different sources, reports state Latin American e-commerce company MercadoLibre has a market cap of in between $70 billion and $94. …
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