About Coco Mercado
Coco Mercado is a company based in Venezuela founded in 2019 by Victor A Charles and Kevin Charles.. Coco Mercado has raised $150 thousand across 1 funding round from investors including Y Combinator. Coco Mercado offers products and services including Coco App, Grocery Service, and Medicine Delivery. Coco Mercado operates in a competitive market with competitors including Yummy, QUIK, Yummy Rocket, ComprasExpres and Mafabre, among others.
- Headquarter Venezuelan, Venezuela
- Founders Victor A Charles, Kevin Charles
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
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- Legal Name Coco Market Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$150 K (USD)
in 1 rounds
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Latest Funding Round
$150 K (USD), Seed
Jun 01, 2019
- Investors
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Employee Count
Employee Count
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Products & Services of Coco Mercado
Coco Mercado offers a comprehensive portfolio of products and services, including Coco App, Grocery Service, and Medicine Delivery. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App for ordering and delivering groceries and medicines to Venezuela
Service to send essential food items directly to recipients
Feature for dispatching medicines to families in Venezuela
Funding Insights of Coco Mercado
Coco Mercado has successfully raised a total of $150K through 1 strategic funding round. The most recent funding activity was a Seed round of $150 thousand completed in June 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $150,000
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First Round
First Round
(01 Jun 2019)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2019 | Amount | Seed - Coco Mercado | Valuation | Y Combinator |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Coco Mercado
Coco Mercado has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Y Combinator. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Coco Mercado
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Coco Mercado
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Coco Mercado Comparisons
Competitors of Coco Mercado
Coco Mercado operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Yummy, QUIK, Yummy Rocket, ComprasExpres and Mafabre, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
A SuperApp for delivery and marketplace services in LATAM is operated.
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| domain | founded_year | HQ Location |
Food ordering and delivery services are facilitated via mobile applications.
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| domain | founded_year | HQ Location |
Multi-category groceries are delivered online with ultra-fast service.
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| domain | founded_year | HQ Location |
Operates an online platform for purchasing multi-category grocery supplies.
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| domain | founded_year | HQ Location |
Online retailer for groceries, household items, and fast delivery services.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Coco Mercado
When was Coco Mercado founded?
Coco Mercado was founded in 2019.
Where is Coco Mercado located?
Coco Mercado is headquartered in Venezuela.
Who is the current CEO of Coco Mercado?
Kevin Charles is the current CEO of Coco Mercado. They have also founded this company.
Is Coco Mercado a funded company?
Coco Mercado is a funded company, having raised a total of $150K across 1 funding round to date. The company's 1st funding round was a Seed of $150K, raised on Jun 01, 2019.
What does Coco Mercado do?
Coco Mercado was founded in 2019 as an online grocery ordering platform. Operations are centered on Venezuelan expats, through which orders for products are placed and delivered to families across specified cities in Venezuela. Delivery is handled within 24 hours of order receipt. The service functions in the e-commerce sector, with a primary focus on cross-border grocery logistics to the country.
Who are the top competitors of Coco Mercado?
Coco Mercado's top competitors include Yummy Rocket, QUIK and Yummy.
What products or services does Coco Mercado offer?
Coco Mercado offers Coco App, Grocery Service, and Medicine Delivery.
Who are Coco Mercado's investors?
Coco Mercado has 1 investor. Key investors include Y Combinator.