# Cornershop Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cornershop-technologies

- Industry: Internet
- Headquarters: Santiago, Chile
- Website: www.cornershopapp.com
- Total disclosed funding: $30M
- Latest round: Series B (Apr 25, 2017)
- Investors on record: 5

## About

Founded in 2015 and based in Santiago, Chile, Cornershop Technologies, Inc., doing business as Cornershop, operates an online platform that provides grocery-delivery services. CEO Mr. Oskar Hjertonsson, CTO Mr. Daniel Undurraga, and Mr. Juan Pablo Cuevas co-founded the company and have raised venture funding rounds from private equity investors, including ALL Venture Partners, Accel, and Endeavor Catalyst. In September 2018, Walmart announced its intention to acquire Cornershop for USD 225 million but was opposed by Mexican regulators in June 2019. Uber Technologies acquired Cornershop at a USD 3 billion valuation In June 2021.

The company's development team provides an e-commerce platform that enables individuals to buy groceries such as produce, meats, packaged goods, toiletries, and electronics from different supermarkets and specialty stores using the web and mobile application. The platform also offers partnering stores with order management solutions to select, pack, and deliver products.

The company generates revenue by partnering with supermarkets and specialty stores to provide groceries for online shoppers.

The June 2021 acquisition will help Cornershop extend its geographic reach and bolster profits by bundling food delivery with Uber rides.

## Funding rounds

- Series B, Apr 25, 2017, $21M — Accel, Creandum, Endeavor Catalyst, Hi Ventures, Jackson Square Ventures
- Series A, Apr 15, 2016, $6.7M — Accel, Creandum, Endeavor Catalyst, Hi Ventures, Jackson Square Ventures
- Seed, Aug 4, 2015, $2.5M — Hi Ventures

## Investors

- Hi Ventures (https://capitalatlas.ai/funds/hi-ventures) — Seed, Series A, Series B
- Accel (https://capitalatlas.ai/funds/accel) — Series A, Series B
- Creandum (https://capitalatlas.ai/funds/creandum) — Series A, Series B
- Endeavor Catalyst (https://capitalatlas.ai/funds/endeavor-catalyst) — Series A, Series B
- Jackson Square Ventures (https://capitalatlas.ai/funds/jackson-square-ventures) — Series A, Series B