Mexico-based Online Supermarket Jüsto Announces $70M Equity and Debt Financing

Gunderson Dettmer represented Mexico-based client Jüsto, an online supermarket delivery-only grocery store chain, in its $70 million Equity and Debt financing. This financing included a $50M equity round led by General Atlantic and a $20 million debt facility from HSBC México. Jüsto’s platform enables customers to buy groceries online and have them delivered to location of choice. The company will use the new capital to continue the execution of its growth strategy, primarily in Mexico, further enhance operational efficiencies, and push the boundaries of conventional e-commerce models across the region.

In the announcement of the transaction, Jüsto CEO and co-founder Ricardo Weder said, “We want to use technology and user experience to achieve hyper-personalization and to be able to support users with more data and more tools so they can make better decisions and achieve their nutritional, budgeting, and other goals.”

The Gunderson Dettmer deal team was led by partner Brad Krack and included associates Federico Varni and Eduardo Espinosa de los Monteros Pereda.

Companies
Jüsto
General Atlantic
HSBC México