No menu items!

Brazil’s Magalu buys Sode, a platform that delivers in up to an hour

RIO DE JANEIRO, BRAZIL - Magazine Luiza (MGLU3) on Monday announced that it has completed the acquisition of Sode Intermediação de Negócios, a logistics platform for ultra-fast deliveries.

The transaction was handled through a company controlled by the retailer and its value has not been disclosed.

Founded in Recife in 2015, Sode operates in 8 states and has over 1,000 active couriers who currently make 2 million deliveries annually.

The company has proprietary technology specialized in managing, routing, and tracking ultra-fast deliveries made by partners with their own motorcycles. Its algorithm enables orders to be allocated . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?

Check out our other content