Colombian startup Kiki is coming to Peru and looking to expand its presence in 2024 | Companies | Colombia | Logistics | Economy

In its international expansion, The Initial Colombian Kiki recently entered the Peruvian market. The last mile services and technologies company already operates in Mexico and will continue its deployment in Latin America.

Camilo Marrugo, CEO and co-founder of the company, It is estimated that by this year 2024 they will triple their revenue to USD 24 million based on different initiatives.

“In Peru, since we are a new brand, our goal is to increase our presence in the local ecosystem,” he commented. On his LinkedIn page.

Also, in Mexico, the company will focus on bringing its own wineries to the Aztec nation's 32 states. Meanwhile, in Colombia, efforts have been made to expand the Tempo Express service to cover more customers in the beauty, fashion and medical sectors. For its projects, the company uses its own resources.

“It is important to highlight that the only capital we have raised so far is ours, we have not gone out to seek funds from institutional funds or companies bigger than us. In 2023 we end up with a turnover of 7.5 million USD. “Compared to 2022 we have basically grown seven times” Marrugo told La República from Colombia.

Kiki A Colombian startup, through its technological approach, facilitates the operation of all logistics areas. This is Initial As an orchestrator of logistics services, it delivers its international customers' cargo to courier companies, servicing them from storage stages to collection.

Read more: Ecuador fintech Camina to start operations in Peru in 2025

A panorama of Peruvian startups

In 2023, eight Beginnings are Peruanas Capital received or capital injection commitments and, half of those companies fintechs. The high-tech sector is positioned as the leader of foreign investments in Peru in terms of the number of investment objectives, accounting for 35% of the total.

Thus, our country has consolidated itself as an attractive destination for investments Bramperu.

read more: Blerify prepares to enter Peru after an investment round with Parafi Capital

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