Reported 8 months ago
Brazilian delivery startup Loggi, supported by SoftBank and Microsoft, is collaborating with Citigroup to sell a stake to investors in Asia. Options include a private sale or an IPO, depending on market conditions. Valued at around $2 billion, Loggi competes with Rappi SAS in Brazil, offering nationwide logistics services and handling approximately 300,000 deliveries daily.
Source: YAHOO