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Now a unicorn, Brazil’s MadeiraMadeira martketplace goes shopping to bolster logistics

RIO DE JANEIRO, BRAZIL - The furniture marketplace, which received a capital injection led by SoftBank and Dynamo in January, has just acquired startup iTrack.

For MadeiraMadeira, a furniture marketplace founded in 2009, logistics is the heart of the business. The company has been making investments since 2018 to improve the quality of its deliveries; after all, it's not easy to transport sofas, tables, and closets across the country.

It is no surprise that the first acquisition in the company's history involves this area. On Wednesday, June 9, the Brazilian unicorn announced it had bought 100% of logistics startup . . .

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