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
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B

Country

Regional

Sector

Telecommunications, Media and Technology

Status

Proposed

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
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03/14/2022

Approval date

N/A

Signed date

N/A

Sponsoring entity

N/A

Team leader

Caicedo Toro, Andres Felipe

Investment type

Syndicated amount

USD $ 16,000,000

Financing amount

USD $ 4,000,000

Currency

USD

Project scope and objective

Merqueo S.A.S. (“Merqueo”, la “Compañía”, o la “Empresa”), fundada en Colombia en 2017, es uno de los pioneros en el segmento de supermercados en línea. Su operación incluye una plataforma tecnológica, los almacenes y su inventario, el desarrollo de productos, la logística para el abastecimiento y las entregas finales. La plataforma de Merqueo permite el acceso a una gran variedad de productos a precios más competitivos que un supermercado regular, permitiendo el ahorro de tiempo y dinero a sus clientes. El financiamiento consiste en una deuda Mezzanine por un monto de US$20 millones a 7 años,  de los cuales US$4 millones serán colocados por BID Invest, que a su vez movilizará US$16 millones del fondo Blue Like an Orange. El uso de fondos consiste en financiar el plan de crecimiento en Colombia, México y Brasil, en las siguientes áreas: (i) desarrollo tecnológico; (ii) capital de trabajo (iii) gastos de capital y especialmente (iv) la consolidación en el mercado brasileño.

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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. Any gaps with respect to the IDB Invest Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) provided below.

MERQUEO MEZZ - RESUMEN DE LA REVISIÓN AMBIENTAL Y SOCIAL (RRAS O ESRS)

337.9 Kb

MERQUEO MEZZ - PLAN DE ACCIÓN AMBIENTAL Y SOCIAL (PAAS O ESAP)

133.1 Kb

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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