Latin American resale e-commerce Vopero receives $7.5 million investment!

According to the latest news from foreign media, Latin American resale e-commerce Vopero has received US$7.5 million in investment, which has attracted a lot of attention to the company, which was founded only a year ago. The investors are Mexican fashion giant Grupo Axo and American resale giant ThredUP.

Vopero was founded by Alejandro Esperanza in Uruguay in 2020. Although it was founded not long ago, it has performed well. It is understood that it only started operating in Mexico in the second quarter of this year, but the number of its order products exceeded 80,000. It is reported that Vopero has promoted the rapid development of its resale business by mastering the needs of Latin American consumers, supporting proprietary technology platforms and infrastructure.

It is worth noting that Vopero's investors are two influential companies. Grupo Axo is the main representative of Latin American clothing brands. Andrés Gomez, CEO of Grupo Axo, said that Vopero is a company with great potential and rapid growth. While focusing on sustainable development, the company provides customers with new buying and selling options.

ThredUP is a leading second-hand resale platform in the United States with rich experience in the resale business. The investment of the two companies also expands their own business, which brings benefits to both parties. James Reinhart, co-founder and CEO of ThredUP, said that fashion resale has become a global trend and believes that Vopero has the ability to promote the development of the resale industry in Mexico and Latin America.

In recent years, Latin American e-commerce has developed very rapidly. The huge market space naturally attracts not only Amazon, Walmart, AliExpress, etc. Second-hand e-commerce platforms also naturally hope to get a piece of the pie. With the influx of many e-commerce companies into the Latin American market in recent years, on the one hand, it has injected new vitality into the local market development, and on the other hand, it has further intensified the local market competition.

It is reported that after Vopero entered the Mexican market, the number of its suppliers reached 3,000, covering many types of brands. It is reported that the US$7.5 million Vopero received this time will be used to enter Latin American resale markets such as Brazil and Colombia.

Latin America

Vopero

Resale