99 Minutos is a technology company.
99 Minutos is a technology company.
99 Minutos has raised $126.0M across 3 funding rounds.
99 Minutos has raised $126.0M in total across 3 funding rounds.
99 Minutos has raised $126.0M in total across 3 funding rounds.
99 Minutos's investors include Accel, Faction VC, Kaszek Ventures, Oak HC/FT, Picus Capital, QED Investors, 9Yards Capital, Andreessen Horowitz, AperiamVentures, Bornschein & keine Töchter, Capnamic Ventures, Coelius Capital.
99 Minutos is a Latin American technology company specializing in last-mile logistics solutions for e-commerce. It provides fast, reliable, and cost-effective delivery services, including same-day and under-99-minute delivery, primarily serving e-commerce businesses across Mexico, Chile, Colombia, and Peru. The company solves the critical problem of slow and unreliable delivery in LatAm's growing e-commerce market by offering a full logistics platform that integrates shipping, storage, cash on delivery, and route optimization tools. It has demonstrated strong growth momentum, tripling revenue year-over-year and expanding its operations to over 70 cities with more than 8,000 employees[1][2][4][5].
Founded in 2013 by Alexis Patjane in Mexico City, 99 Minutos originated from a personal experience highlighting the lack of fast delivery options in Mexico. Initially launched as an e-commerce store promising delivery within 99 minutes, it pivoted to focus exclusively on logistics services. Early traction came quickly, with rapid fundraising rounds including $5 million raised in three days and subsequent large investments from prominent backers like Y Combinator, Kaszek, Prosus Ventures, Oak HC/FT, and Endeavor Catalyst. The company has evolved from a local delivery startup to a regional logistics infrastructure provider, expanding its service offerings and geographic footprint[1][4][5][6].
99 Minutos rides the wave of rapid e-commerce growth in Latin America, a region where online shopping penetration is still relatively low (~6%) compared to mature markets like China (30%) and the U.S. (20%). The timing is critical as LatAm's e-commerce sector expands, creating urgent demand for efficient logistics infrastructure. By addressing last-mile delivery challenges with technology-driven solutions, 99 Minutos is helping to unlock e-commerce potential, reduce delivery times, and improve customer experience. Its innovations in sustainability and logistics automation position it as a key enabler in the region’s digital commerce ecosystem, influencing competitors and partners alike[1][4][6].
Looking ahead, 99 Minutos aims to deepen market penetration in its current countries and expand into additional Latin American markets. Continued growth is expected to be fueled by increasing e-commerce adoption, further development of its logistics network, and enhancements in technology such as AI-driven route optimization. The company’s focus on sustainability and comprehensive logistics solutions could set new standards in the region. As it scales, 99 Minutos is poised to become a cornerstone of Latin America’s e-commerce infrastructure, potentially achieving unicorn status and shaping the future of fast, reliable delivery in emerging markets[4][5][6].
99 Minutos has raised $126.0M across 3 funding rounds. Most recently, it raised $82.0M Series C in March 2022.