RIO DE JANEIRO, BRAZIL - E-commerce platform for restaurants Frubana announced on Wednesday, June 2, that it has received a US$65 million contribution to finance its expansion in Latin America.
The contributors included Hans Tung and venture capital funds GGV Capital, Tiger Global, Softbank, monashees and Lightspeed Venture.
The company presents itself as a digital platform that uses everything from weather information to pedestrian traffic to help restaurants reduce their costs. In addition, it buys produce directly from farmers. "By doing so, Frubana bypasses unnecessary intermediaries and reduces waste," it says.
Founded in 2018, Frubana is present in Mexico . . .
To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed? Login Here