Netshoes Receives Funding of US$170M from Singapore Investors

May 11, 2014 (Sun): Brazil based pure play e-commerce company for sporting goods, Netshoes.com.br has obtained a new round of funding totalling some US$170 million from Singapore sovereign wealth fund GIC, Tiger Global Management, Singapore’s Temasek Holdings, Iconiq Capital and Kaszek Ventures.

Founded in 2000 by Marcio Kumruian, Netshoes is the first sporting goods online store in Latin America and now is having present in Brazil, Argentina and Mexico.

Author: VSDaily Editor

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