Mercado Livre’s Brazilian arm has acquired São Paulo-based logistics company, Kangu, for an undisclosed amount, expanding the scope of its delivery operations in Latin America. With the transaction, Latin America’s largest e-commerce and fintech player will incorporate all of Kangu’s operations into its logistics network, including 5,000 delivery points spread over 700 cities in Brazil, Mexico and Colombia. Kangu’s revenues registered 100 percent year-on-year growth. Meanwhile, Mercado Envios, Mercado Libre’s logistics arm, delivered almost 650 million packages in 2020 compared to 306 million deliveries in 2019. By the end of the year, Mercado Libre says it will be operating eight distribution centers, 18 cross-docking centers and more than 100 last-mile centers in Brazil, its main market.
Mercado is Latin America’s leading e-commerce and financial services technology company. It offers solutions that allow people and companies to buy, sell, pay for, advertise and ship products and services over the Internet. In addition to its e-commerce platform and Mercado Pago fintech, the company also operates in the following areas: Mercado Envios, Mercado Livre VIS (Vehicles, Property and Services), Mercado Ads and Mercado Shops. Mercadolivre.com, which is Latin America’s biggest and most comprehensive marketplace, has 75.9 million active users and over 12 million sellers, including several major brands. The site makes 29 sales a second. Mercado Pago, which has more than 62.1 million active payers, offers a fully-fledged financial technology platform with free accounts alongside payment and credit solutions. Founded in 1999 and currently operating in 18 countries, Mercado Livre is the only Latin American company in the top 10 World’s Best Workplaces.