Linio
Linio is one of the leading marketplaces in Latin America, with presence in five countries and offering more than four million products.
01History
Linio began operations in 2012 in Mexico.
The company has been through various rounds of funding, including one that concluded in September 2016.
On August 1, 2018, the company was acquired by the Chilean retail store Falabella for USD$138 million.
It was announced that Linio would be ceasing operations in Mexico starting on April 8, 2024 to focus more on their collaboration with Soriana on their expansion of Sodimac and his target Falabella Soriana.
Sources and credits
This article is adapted from the Wikipedia article “Linio”, written by its contributors and licensed under CC BY-SA 4.0. Fathomly has changed the layout, removed citation markers, navigation and maintenance notices, and adjusted punctuation. This adapted version is shared under the same license. For references, see the original article.
Images, from Wikimedia Commons:
- Linio logo refresh.svg by Linio, PD
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