Why We Invested · WIND Ventures
Investment thesis
The timing for Chiper is optimal as Latin American consumers are highly urbanized and connected via smartphones.
Chiper, in effect, is digitizing the entire channel and with Latin American consumers highly urbanized and highly connected via smartphones, the timing for Chiper could not be better.
Product
Chiper's digital platform standardizes procurement, inventory management, and distribution while aggregating demand across corner stores for lower product prices.
At the heart of Chiper’s solution is a digital platform that not only standardizes procurement, inventory management, distribution and other processes to drive efficiencies, but aggregates the demand across corner stores for better product prices.
Chiper uses proprietary machine learning algorithms to optimize order-to-delivery time from days or weeks down to within 18 hours.
Driving much of this are proprietary machine learning algorithms that optimize every step of the process and improve the order-to-delivery time from many days (or weeks sometimes) to within 18 hours.
Traction
Chiper has 3,000 active corner stores using its platform across Mexico and Colombia.
Chiper is solving these problems through technology and already has 3,000 active stores across Mexico and Colombia today.
Team
Chiper CEO and co-founder Jose Bonilla previously led Imaginamos, a firm that incubated Rappi.
CEO and co-founder Jose Bonilla previously served as CEO of Imaginamos, a Latin American digital transformation consulting and design firm that had incubated Rappi, the unicorn delivery startup.
Chiper co-founders Oscar Sarria (COO) and Carolina Garcia (CRO) bring extensive CPG sales and business development experience.
COO Oscar Sarria and CRO Carolina Garcia, also co-founders, bring extensive experience in sales and business development at top Latin American CPG companies.
What founders can learn
- The traction evidence that carried weight: WIND Ventures wrote that Chiper has 3,000 active corner stores using its platform across Mexico and Colombia.
- How the team was judged: WIND Ventures wrote that Chiper CEO and co-founder Jose Bonilla previously led Imaginamos, a firm that incubated Rappi.
Source and provenance
Why We Invested published by WIND Ventures on windventures.medium.com (first-party source). Read the original
