Clubbi, a Brazilian business-to-business resource for small food retailers, brought in
The funding will be used to accelerate growth, technology development, expansion into other Brazilian cities and develop additional supplier partnerships. Clubbi offers about 7,000 to 8,000 SKUs on its marketplace, while the average store will carry 1,000 to 2,000 SKUs, Adler said. The company started with five employees and also plans to hire additional staff to bring its now 40-person employee base to 70 people by the middle of 2022.
Meanwhile, the company still has a long way to go to get in front of over 200,000 mom-and-pop grocery stores in Brazil, which generate more than $35 billion in combined revenue, Valor Capital Group’s Antoine Colaço said in a written statement.
“These stores still face many challenges when trying to procure goods in an efficient and low-cost manner, and they also lack access to fair financing solutions,” Colaço said. “Clubbi is delivering an integrated and simple way for these stores to receive the best products — at the right prices and payment terms — at their doors. The social and economic development Clubbi generates is huge and the Company’s early results are very promising and impressive.”
The funding will be used to accelerate growth, technology development, expansion into other Brazilian cities and develop additional supplier partnerships. Clubbi offers about 7,000 to 8,000 SKUs on its marketplace, while the average store will carry 1,000 to 2,000 SKUs, Adler said. The company started with five employees and also plans to hire additional staff to bring its now 40-person employee base to 70 people by the middle of 2022.
Meanwhile, the company still has a long way to go to get in front of over 200,000 mom-and-pop grocery stores in Brazil, which generate more than $35 billion in combined revenue, Valor Capital Group’s Antoine Colaço said in a written statement.
“These stores still face many challenges when trying to procure goods in an efficient and low-cost manner, and they also lack access to fair financing solutions,” Colaço said. “Clubbi is delivering an integrated and simple way for these stores to receive the best products — at the right prices and payment terms — at their doors. The social and economic development Clubbi generates is huge and the Company’s early results are very promising and impressive.”