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November 5, 2013 10:34 pm GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/JK1ZEZVDEqo/
Rocket Internet's Linio Picks Up $50M To Further Build Out Its Latin American Amazon-style Marketplace
Linio, the Rocket Internet-incubated e-commerce portal that has aspirations to be the Amazon of Latin America, is today announcing a round of funding that brings on board the startup's first large, strategic local investor. Latin Idea, a Mexico based private-equity fund, is leading a $50 million round in the company, with participation from existing investors and Rocket regulars JP Morgan Asset Management, Investment AB Kinnevik, the Tengelmann Group, Summit Partners, and Rocket Internet itself.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/JK1ZEZVDEqo/
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