Tag: mexican startups

Daniel Undurraga: The Story Behind the Cornershop Acquisition, Ep 65

Daniel Undurraga never thought he would sell even one Latin American company to a company in the US market, but with the recent US$225M acquisition of Cornershop, a grocery-delivery app he has officially sold two startups to US companies. His first startup, Needish, was the basis for Clan Descuento, a Chilean Groupon clone that was acquired by Groupon in 2010. Clandescuento’s acquistion was before most people in Chile had heard of startups! Daniel is a lifelong entrepreneur with his share of failed projects, but ever since he and his business partner Oskar Hjertonsson found their niche in Latin American e-commerce, […]

Doing Business in Mexico: A Look at the Opportunities & Challenges

Mexico’s business opportunities rival those of any other emerging economy in the world. Despite a complicated history with violence and corruption, the country is starting to transform its negative reputation into new opportunities. New initiatives, especially to boost Mexican innovation, and an ever-expanding middle class with disposable income have given way to a new era of business opportunities for residents and foreigners alike. To attract new investment, the Mexican government is making significant improvements to its infrastructure to compete globally in sectors like telecommunications and transportation. According to a recent PWC report , Mexico will become the 7th largest economy in […]