Falabella invests in “last mile” delivery key business

What: By acquiring a minority stake in the Peruvian company, Falabella will support the expansion of delivery company Chazki.

Why is it important: Through a newly created fund supporting start-up companies, the retailer will contribute to the entrepreneurship in the region.

Both companies are working together in Peru since 2019 and in Chile since 2020. “Falabella wants to deepen relationships with technology start-up companies to accelerate the development of its services”, the company said.

The Peruvian start-up currently operates in 25 cities in Peru, Argentina, Mexico and Chile.