Brazil

Bomnegocio says it’s going to be OLX

Schibsted’s Bomnegocio, a leading generalist classifieds platform in Brazil, said Friday that “it’s going to be OLX.” Despite the deal being announced a few weeks ago by Schibsted and Naspers, the deal wasn’t made public to Brazilian users. In an email, Bomnegocio said “it’s going to be OLX”. “You, who detach [detach was the motto adopted by...

Read More

Webmotors buys VMotors

Santander-owned Webmotors, a Brazil classifieds portal specializing in cars, has acquired VMotors, a technology and marketing-based firm. The deal follows a recent move in which Santander decided to shutdown its real estate vertical in Brazil, WebCasas, effective Jan. 1. VMotors is headquartered in Rio de Janeiro and provides digital tools for dealerships, which need to manage their online...

Read More

Santander bank closes Brazil’s WebCasas

Boston headquartered Santander Bank, which operates several classifieds businesses in Brazil, has closed WebCasas. As of Jan. 1, Santander’s real estate platform was shut down with all its listings. In a note to the press, the bank said the online real estate market is a strategic segment with initiatives on Internet that “have a very specific dynamic and well-consolidated players.” The...

Read More

Zap buys PenseImoveis

Zap, a leading real estate platform in Brazil, acquired Brazil’s PenseImoveis, the company confirmed Tuesday. The deal was approved by the nation’s anti-trust agency (Cade). According to the company, the deal is part of a plan to grow in Brazil. “The company has been doing this with the opening of new offices (and) the sale of listings in many Brazilian cities,” a company spokesman told...

Read More

VivaReal gets new $42 million investment

VivaReal, the leading Brazilian real estate website, has secured an investment of 100 million Brazilian reais, ($41.7 million U.S.).  The investment was led by U.S. venture capital firm Spark Capital, which has about $1.8 billion under management and was making its first investment in Brazil. LeadEdge Capital, a a growth equity firm based in New York, joined Spark and other existing investors...

Read More

LatAm’s e-commerce grows nearly a third

LatAm’s e-commerce grew by 30 percent in the last year, according to e-commerce expert and digital strategist Pedro Labarta. “E-commerce in the main Latin American markets and economies has increased 30 percent last year, as result of a change in the habits of consumers, [who’re] believing more in the digital platforms,” Labarta said in an article. According to the...

Read More