Brazil-based fashion eCommerce startup Dafiti Group has announced $70 million in new venture round funding, VentureBeat reported on September 17.
Ontario Teachers’ Pension Plan, one of Canada’s largest investment funds, made the investment. Founded in 2010, Dafiti is one of region’s biggest eCommerce retailers, with operations in five Latin American countries.
The company plans to use the funding to bolster its customer service and product offerings. For more on the state of eCommerce in Latin America, read our latest report on Brazilian eCommerce here.
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