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May 6, 2013 09:00 pm GMT
When it comes to quickly growing markets, it's hard to beat Brazil, where an emerging middle class is driving strong demand for all kinds of products -- particularly in the e-commerce sector. The latest startup primed to take advantage of this boom is Basico, which just raised $500,000 in seed funding led by Initial Capital, the Israeli/Brazilian VC fund headed up by investor (and frequent TechCrunch contributor) Roi Carthy, along with Brazilian angel investor Guilherme Soarez.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/AE7BAPRuySI/
Basico Gets $500K To Launch Luxury Apparel Basics E-Commerce Brand For Brazil
When it comes to quickly growing markets, it's hard to beat Brazil, where an emerging middle class is driving strong demand for all kinds of products -- particularly in the e-commerce sector. The latest startup primed to take advantage of this boom is Basico, which just raised $500,000 in seed funding led by Initial Capital, the Israeli/Brazilian VC fund headed up by investor (and frequent TechCrunch contributor) Roi Carthy, along with Brazilian angel investor Guilherme Soarez. Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/AE7BAPRuySI/
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