Linio is one of the leading marketplaces in Latin America, with presence in five countries and offering more than four million products.
History
Linio began operations in 2012 in Mexico.[1]
The company has been through various rounds of funding, including one that concluded in September 2016.[2]
On 1 August 2018, the company was acquired by the Chilean retail store Falabella for USD$138 million.[3]
It was announced that Linio will be ceasing operations in Mexico for April 8, 2024 to focus on their collaboration with Soriana on their expansion of Sodimac and his target Falabella Soriana.[4][5]
References
- Linio obtiene 55 mdd en financiamiento eleconomista.com.mx, 22 de septiembre de 2016^
- "Mexican E-Commerce Company Linio Raises $55 Million", Wall Street Journal, September 22, 2016^
- De la Jara. UPDATE 1-Chile retailer Falabella says to purchase Linio for $138 mln