Transforming Latin American Corner Stores: Chiper Carries In $12M Series A
0 Chiper has been amassing a network of digitized corner stores in Latin America for the past two years. Prior to founding Chiper, Bonilla was co-founder and CEO of Imaginamos, a software studio in Latin America that touts incubating successful startups, including Rappi. Importance of the corner storeSmall corner stores are a vital retail channel in Latin America, generating more than $330 billion in annual revenue, Brian Walsh, head of WIND Ventures said in an interview. “They use corner stores as their refrigerators, buying food there every day rather than taking it home,” Walsh said. However, each corner store is typically run by an independent owner and that’s resulted in a fragmented landscape and challenges to technology adoption.