RIO DE JANEIRO, BRAZIL - Mercado Libre on Tuesday (24) announced the purchase of 100% of Kangu parcel delivery platform, expanding the stake in its own logistics division as a differential in Latin America, one of the regions where e-commerce is growing fastest in the world.
The transaction, for an undisclosed amount, incorporates Kangu's 5,000 delivery points spread over 700 cities in Brazil, Mexico and Colombia into Mercado Libre.
Founded in 2018, Kangu uses small neighborhood stores as order pickup and delivery points, which expands the logistics network without the need to rely on third parties, such as . . .