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November 5, 2013 10:34 pm GMT

Rocket Internet's Linio Picks Up $50M To Further Build Out Its Latin American Amazon-style Marketplace

Screen Shot 2013-11-05 at 15.52.40Linio, 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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