Chiper
Chiper
B2B e-commerce ecosystem for the corner store retail market in Latin America.
Startup Snapshot:
Startup Name: Chiper
Industry: Retail technology
Business Model: B2B Marketplace
Founders: Jose Jair Bonilla, Oscar Sarria Guerrero, and Carolina García G
HQ Location: Colombia
Founded: 2018
Stage: Series A
Investors: Copernion Global, Kazek Ventures, Monashees Capital, Endeavor Catalyst, Wind Ventures, Femsa Ventures, Nosara Capital, Tiger Global, Flucas Ventures.
Website: https://chiper.co/
What does Chiper do?
Chiper, founded in 2018, has become the leading supplier and operating system for more than 40,000 corner stores. The company is transforming how small retailers, particularly in Latin America's "tienditas" (mom-and-pop shops) sector, conduct their businesses by providing a comprehensive B2B marketplace that connects shops directly to CPG brands. The platform includes financial products, order processing, inventory management, data analytics, and customer relationship management, effectively digitizing and simplifying the supply chain for these businesses.
Traditionally, owners of mom-and-pop corner stores in the region have had to manage relationships with over 100 suppliers, often requiring long distances to manually and manually restock their inventory on paper. Chiper reduces this burden for the business owner through their end-to-end e-commerce ecosystem designed for corner stores, transitioning these manual and paper-based relationships into the digital realm and making operations more efficient and less time-consuming.
Why now?
Latin America has over 3.7 million corner stores that generate an annual revenue of $330 billion. This number is expected to reach $500 billion soon. However, small retailers face increasing challenges in staying competitive. Chiper aims to help with this by reducing the burden of managing hundreds of suppliers, traveling to pick up inventory, and ensuring that products are stocked. Their end-to-end platform allows them to buy products directly from CPGs and have them delivered in less than 24 hours. This way, business owners can focus on their customers and business instead of logistics.
What sets Chiper apart?
The Chiper platform significantly boosts the purchasing process for small retail stores by providing access to a broader selection of products from a vast network of suppliers. Utilizing its asset-light distribution network ensures quicker and more reliable delivery, with reduced costs due to combined demand and a streamlined supply chain. The startup has achieved the highest gross profit margins in this industry globally and is currently experiencing a sevenfold growth in its annual expansion. This highlights the compelling value that Chiper offers and pioneering role in the marketplace.
Chiper by the Numbers:
4 countries where Chiper operates: Brazil, Mexico, Colombia, and Chile.
200+ team members
3,000+ SKUs operated.
10,000+ orders per day.
40,000+ stores utilize Chiper as their main supplier.
$65M raised to date.
Key Takeaways:
Chiper addresses the pain points of mom-and-pop shops through an end-to-end platform that connects mom-and-pop shops with CPG brands with under 24 hour deliveries.
Chiper is the primary supplier of CPG products for over 40,000 small shops and processes more than 10,000 orders daily.
The startup recently secured a Series B funding round of US$53 million led by Nosara Capital and Tiger Global to expand its operations and accelerate growth.
VC Headlines
Turning Customers Into Investors - Tiny Health’s Experience - Forbes
FTC bans all new non-compete clauses and strikes down most existing agreements - GeekWire
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