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.
Telecommunications, Media and Technology
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
Collivadino Salvatierra, Federico
USD $ 16,000,000
USD $ 4,000,000
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.
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Alternatively, you may also use the following contact information:
Chief Financial Officer
IDB Invest Contact
1350 New York Ave NW, Washington, DC 20005