Julio Castañeda is one of the co-founders of Turbodega, a software management tool that builds a network of small grocers in emerging countries and tracks their daily-sales in real time to provide them: lower cost of goods, access to fair working capital lines of credit, and data-backed business advice.
Turbodega just recently raised US$3.8 million to accelerate in Peru and expand to Mexico where they expect to be present in the 10 most important cities. In the coming years, they plan to keep expanding into new countries in Latam such as Honduras where they have already found a partner.
In this episode, Julio will talk to us about the first stage of ideation, the strategic reason to enter Peru before going to Mexico, the future plans to expand, and the current challenges that small grocery stores have to face due to fierce competition of big convenience stores.
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