The 100% online supermarket in Latin America is committed to its own brands.
The 100% online supermarket in Latin America is committed to its own brands.
The procedure will be carried out before the Chamber of Commerce of Bogotá and will last three months.
Find the validation of The Lie Buster at the end of the news.
The online supermarket, Merqueo, will enter a recovery process that will take about three months before the Bogotá Chamber of Commerce and will be done to protect its continuity.
The company has put its plan on hold and will now enter recovery to have talks with its creditors to reach agreements.
The situation responds, according to its general director, Felipe Ossa, a challenging environment to raise venture capital.
Ossa said in an interview with Bloomberg that factors such as high inflation, the impact on consumption, the increase in interest rates and the political context have made it difficult to obtain new resources.
break in the bag
Ossa also said that for now, plans to go public will be on hold. Last December, the company filed paperwork to list on Wall Street.
The idea was to raise up to $14 million in a public offering on the Nasdaq index.under the symbol MERQ.
The company has indicated that it is a private process that does not correspond to a business reorganization, therefore it has not accepted this mechanism before the Supercompanies.
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