Inseed Investimentos has committed R$ 3 million to VarejOnline, a Santa Catarina-based ERP platform aimed at enhancing retail operations in Brazil.
Target Information
VarejOnline, based in Santa Catarina, Brazil, has crafted an innovative ERP (Enterprise Resource Planning) platform tailored for retail management. The company aims to enhance the efficiency and profitability of franchises and retail stores by providing standardized operational solutions. VarejOnline's platform allows for seamless integration with any external digital systems, centralizes information, and enables real-time data monitoring. Currently, the platform serves over 1,500 retail stores across Brazil, boasting a user base exceeding 16,000 and catering to clients with annual revenues of up to R$ 650 million.
According to Gustavo Junqueira, CEO of Inseed Investimentos, the investment opportunity was driven by the observation that sectors like fashion, entertainment, and leisure are underserved in terms of appropriate business solutions. VarejOnline seeks to bridge this gap by addressing the unique challenges these industries face.
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Industry Overview in Brazil
The retail sector in Brazil is increasingly leaning towards digitalization and implementing integrated solutions that are both accessible and straightforward. The growth and adaptation of technology i
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Inseed Investimentos
invested in
VarejOnline
in 2019
in a Seed Stage deal
Disclosed details
Transaction Size: $1M
Revenue: $156M