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§ Private Profile · Mexico City, Mexico
Last-mile delivery and logistics platform for e-commerce companies in Latin America, offering rapid fulfillment and zero-emission solutions.
99minutos has raised $126.0M across 3 funding rounds.
Key people at 99minutos.
99minutos was founded in 2014 by Alexis Patjane (Founder).
99minutos has raised $126.0M in total across 3 funding rounds.
99minutos is a Mexico City-based last-mile delivery and logistics platform that provides rapid fulfillment services for e-commerce companies across Latin America. The company operates multiple service lines, including fulfillment centers, routing software, and a pickup network, to facilitate same-day, next-day, and zero-emission shipping in Mexico, Colombia, Chile, and Peru. Operating with a workforce of approximately 5,000 employees, the enterprise scales its logistics infrastructure to support regional online retailers and direct-to-consumer brands. The venture-backed business has raised significant capital, including a $40 million Series B and an $82 million Series C round. Notable investors backing the platform include OAK HC/FT, Prosus Ventures, Kaszek Ventures, and Oikocredit, alongside participation in Y Combinator's Winter 2020 batch. 99minutos was founded in 2014 by Alexis Patjane.
99minutos was founded in 2014 by Alexis Patjane (Founder).
99minutos has raised $126.0M in total across 3 funding rounds.
99minutos's investors include Oak HC/FT, Accel, Faction VC, Kaszek Ventures, Picus Capital, QED Investors, Prosus Ventures, Mariana Donangelo, Prosus, 9Yards Capital, Andreessen Horowitz, AperiamVentures.
99minutos has raised $126.0M across 3 funding rounds. Most recently, it raised $82.0M 99 Minutos - Series C in March 2022.
Key people at 99minutos.
99minutos is a technology-driven last-mile logistics company headquartered in Mexico City, specializing in fast, reliable delivery services for e-commerce across Latin America. It offers a range of shipping options including under 99-minute delivery, same-day, next-day, and CO2-free delivery, serving businesses of all sizes in Mexico, Colombia, Chile, and Peru. By integrating advanced logistics technology and a broad network of delivery partners, 99minutos enhances the online shopping experience and supports the rapid growth of e-commerce in the region[1][4][5].
For an investment firm perspective, 99minutos embodies a mission to revolutionize e-commerce logistics in Latin America by providing fast, cost-effective, and sustainable delivery solutions. Its investment philosophy likely centers on leveraging technology to solve regional last-mile delivery challenges, focusing on sectors such as e-commerce, logistics tech, and sustainability. The company has significantly impacted the startup ecosystem by setting new standards for delivery speed and service quality, fostering innovation in logistics infrastructure, and enabling e-commerce growth in emerging Latin American markets[1][4].
Founded in 2013 by a solo founder who pivoted from an initial e-commerce model, 99minutos emerged from a personal experience where the founders realized the absence of fast delivery services in Mexico. The idea was sparked during a casual outing when they needed immediate delivery of hookah charcoal, leading to the launch of an e-commerce store promising delivery within 99 minutes in Mexico City. After the co-founders left, the remaining founder refocused the company exclusively on last-mile delivery services. Early traction included rapid expansion from Mexico City to 21 cities in Mexico and later to Chile, Colombia, and Peru, supported by positive EBITDA and strong sales growth by 2019. The company also joined Y Combinator to accelerate growth and fundraising[4][5].
99minutos rides the accelerating trend of e-commerce growth in Latin America, where online shopping penetration is still in early stages compared to markets like China and the U.S. The timing is critical as regional infrastructure and logistics have historically lagged behind demand. By addressing last-mile delivery inefficiencies with technology and scalable operations, 99minutos is enabling e-commerce companies to offer Amazon Prime-style experiences in emerging markets. This not only boosts consumer confidence but also drives broader digital commerce adoption and innovation in logistics tech across Latin America[1][4][5].
Looking ahead, 99minutos is positioned to deepen its market penetration and expand its logistics capabilities, including launching Freight99, a ground logistics service with AI-driven fleet management to reduce inefficiencies in trucking. Trends shaping its journey include rising e-commerce adoption, increasing demand for sustainable delivery options, and technological advances in routing and automation. As it scales, 99minutos could become a foundational logistics platform for Latin American e-commerce, potentially influencing regional supply chain standards and fostering further startup innovation in logistics and delivery services[1][7].
Its commitment to fast, reliable, and eco-friendly delivery solutions ties back to its founding vision of transforming the online shopping experience in Latin America, making 99minutos a key player in the region’s digital commerce evolution.
