Linio logo

Linio is a leading Market Place eCommerce in Latin America founded by Rocket Internet. It sells goods including electronics, telephony, fashion, home furnishings and furniture, health and beauty, toys, books, movies, and music.

HistoryEdit

Linio began operations in 2012 in Mexico.[1]

The company has been through various rounds of funding including one concluded in September 2016.[2]

On August 1, 2018, the company was acquired by the Chilean retail store Falabella for USD$138 million.[3]

ReferencesEdit

  1. ^ http://eleconomista.com.mx/mercados-estadisticas/2014/07/01/northgate-invierte-us20-millones-linio
  2. ^ "Mexican E-Commerce Company Linio Raises $55 Million", Wall Street Journal, September 22, 2016
  3. ^ Editorial, Reuters. "UPDATE 1-Chile retailer Falabella says to purchase Linio for $138 mln". IN. Retrieved 2018-08-01.