About Meru
Meru is a company based in Mexico City (Mexico) founded in 2020 by Virgile Fiszman, Eduardo Mata Mitzunaga, Manuel Rodriguez Dao, and Federico Moscato.. Meru has raised $17.53 million across 3 funding rounds from investors including Valor Capital Group, Emles and Nazca. Meru operates in a competitive market with competitors including Alibaba, Bzaar, Geniemode, Peeba and Easyya, among others.
- Headquarter Mexico City, Mexico
- Founders Virgile Fiszman, Eduardo Mata Mitzunaga, Manuel Rodriguez Dao, Federico Moscato
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Sectors
Retail
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Email
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$17.53 M (USD)
in 3 rounds
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Latest Funding Round
$15 M (USD), Series A
Dec 02, 2021
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Investors
Valor Capital Group
& 3 more
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Employee Count
Employee Count
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Funding Insights of Meru
Meru has successfully raised a total of $17.53M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $15 million completed in December 2021. 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 3
- Last Round Series A — $15.0M
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First Round
First Round
(01 Apr 2021)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Series A - Meru | Valuation | Valor Capital Group , Emles |
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| Jun, 2021 | Amount | Seed - Meru | Valuation | Y Combinator |
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| Apr, 2021 | Amount | Seed - Meru | Valuation | Nazca |
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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 Meru
Meru has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Valor Capital Group, Emles and Nazca. 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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Growth equity and venture capital are applied to tech sectors.
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Founded Year | Domain | Location | |
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Venture capital firm focused on empowering Latin American founders.
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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 Meru
| 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 - Meru
| 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 |
Meru Comparisons
Competitors of Meru
Meru 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 Alibaba, Bzaar, Geniemode, Peeba and Easyya, 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 |
E-commerce platforms for retail and wholesale are operated internationally.
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| domain | founded_year | HQ Location |
Provider of end-to-end supply chain solutions for sourcing from a specific region
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| domain | founded_year | HQ Location |
Sourcing and supply chain platform for retailers and suppliers
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| domain | founded_year | HQ Location |
Multi-category products are facilitated via an online B2B cross-border marketplace.
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| domain | founded_year | HQ Location |
Operation management software solutions are provided for e-commerce businesses.
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| domain | founded_year | HQ Location |
Multi-category products are facilitated via a B2B marketplace platform.
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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 Meru
When was Meru founded?
Meru was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Meru located?
Meru is headquartered in Mexico City, Mexico.
Who is the current CEO of Meru?
Manuel Rodriguez Dao is the current CEO of Meru. They have also founded this company.
Is Meru a funded company?
Meru is a funded company, having raised a total of $17.53M across 3 funding rounds to date. The company's 1st funding round was a Seed of $2.4M, raised on Apr 01, 2021.
What does Meru do?
Founded in 2020 and based in Mexico City, Mexico, an online B2B cross-border marketplace is operated by Meru. Multi-category products, including sports and outdoors, home and garden, tools and hardware, electronics, health and beauty, fashion, pet supplies, art, and vehicle accessories, are offered to facilitate international trade. The platform connects buyers and sellers across borders in the e-commerce sector.
Who are the top competitors of Meru?
Meru's top competitors include Geniemode, Bzaar and Global Sources.
Who are Meru's investors?
Meru has 4 investors. Key investors include Valor Capital Group, Emles, Nazca, and Y Combinator.
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