Walmart has announced that Brazilian private equity fund Advent International has agreed to invest in a majority stake, about 80%, in Walmart Brazil. While Walmart´s press release cites the reason for the deal is to “strengthen the business and position it for long-term success”, many are viewing the move as part of Walmart’s cleansing away
Espacio Incubator has announced the launch of ActitudFem, a publication dedicated to women, offering the best content for the different interests of women. By launching ActitudFem, Espacio aims to offer a site completely dedicated to the female community, generating valuable content, such as day to day tips and much more for women. Whether it is
Signals given by the Chilean government are boosting the confidence of SMEs as shown by the latest monthly SME Perception and Expectations Index (IPEP) of the SMEs Barometer carried out by AVLA. The perception of SMEs regarding their present and future has changed. According to the report, 84% in this segment feels that Chile is
The first group of startups have been selected to receive support from multinational tech company Google via the Brazilian version of their digital entrepreneurship accelerator programme. The programme, known as Launchpad Accelerator, helps build up startups with equity-free financial support, mentorship and guidance from Google and Silicon Valley experts, along with two weeks of training at Google HQ
An open call has been put out for the best startups in all of Peru: the esteemed Seedstars World Tour is coming soon to Lima to find entrepreneurs and groups with the most innovative ideas in tech and business. Seedstars will have its regional conference take place May 31 in Lima’s UTEC campus for its startup competition. A group
Tianqi Lithium, the Chinese leading global supplier of lithium products, is acquiring a 25% stake in Chile’s lithium firm, Sociedad Química y Minera de Chile (SQM). The amount totals $4.07 billion and, according to reports, Tianqi Lithium will buy 62,556,568 ‘A shares’ of SQM for $65 per share in cash, which had been earlier held
South America’s richness in natural resources such as gas and oil, as well as its thriving legal mining industries, keeps it an attractive destination for foreign investment. According to studies carried out by Deloitte, countries that received the highest levels of investment in 2017-18 were Brazil, Mexico and Chile. Despite the fact that at the
Creativity is an incredible talent which can be recognized throughout mankind all over the world. No matter where you are from or what you know, everyone has the ability to exhibit some level of creativity in one form or another. Many large organizations know this, which has led to huge hit campaigns which encourage consumers
Puerto Rico’s Science, Technology and Research Trust (PRSTRT) is set to invest US$225,000 through the follow-up fund Parallel18 Ventures to go towards insuretech startup, Abartys Health, and fintech startup, Quiena. The investment will be in exchange for stocks or convertible notes, as a match to private capital raised by the companies. The fund, which is
Analysts have noted that unprecedented numbers of startups in Brazil are beginning to look at expanding beyond their country’s borders this year. As a general rule, startups in Brazil have historically found growing within their own borders enough of a task, given the 210 million-strong population, let alone abroad. As a result, Brazilian startups have