Company name

MERQUEO S.A.S

Project number

13814-01

Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.

E&S category
tooltip

B

Country

Regional

Sector

Telecommunications, Media and Technology

Status

In implementation

Disclosed date

12/22/2021

Projected date at which a project will be put forward for the Board of Executive Directors’ approval.

Projected board date
tooltip

04/07/2022

Approval date

04/08/2022

Signed date

04/27/2022

Sponsoring entity

N/A

Team leader

Collivadino Salvatierra, Federico

Investment type

Syndicated amount

USD $ 16,000,000

Financing amount

USD $ 4,000,000

Currency

USD

Project scope and objective

Merqueo SAS ("Merqueo" or the "Company"), founded in Colombia in 2017, is a pioneer in the online supermarket segment. Its operations include a technology platform, warehouses and inventory, product development, procurement logistics and final deliveries. Merqueo's platform allows access to a wide variety of products at more competitive prices than a regular supermarket, saving its customers time and money. The financing consists of a US$20 million 7-year Mezzanine debt, of which US$4 million will be placed by IDB Invest, which in turn will mobilize US$16 million from the Blue Like an Orange fund. The use of funds consists of financing its growth plan in Colombia, Mexico and Brazil, in the following areas: (i) technological development; (ii) working capital (iii) capital expenditures and especially (iv) consolidation in the Brazilian market.

For inquiries, comments and information requests about the project

Request information

Learn more about how we provide private-sector solutions in the region.

Environmental and social review

IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.

MERQUEO MEZZ - ENVIRONMENTAL AND ACTION PLAN (ESAP)

81.9 Kb

MERQUEO MEZZ - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY ( ESRS )

245.8 Kb

For inquiries, comments and information requests about the project

Request information

Learn more about how we provide private-sector solutions in the region.

Contact information

For inquiries, comments and information requests about the project

Request information

Alternatively, you may also use the following contact information:

Client Contact

CONTACT NAME

Jairo Medina

POSITION

Chief Financial Officer

PHONE NUMBER

+571-5404058

EMAIL

jmedina@merqueo.com

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

COUNTRY OFFICES

IDB Invest Country Offices