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Goldman Joins SoftBank in Backing Brazilian Retail Startup

  • Olist has raised $135 million since inception, plans IPO
  • CEO Dalvi says revenue doubled in 2020, to grow 2.5x in 2021
Tiago Dalvi
Tiago DalviSource: Olist
Updated on

Goldman Sachs Group Inc. is adding another firm to the growing list of startups it backs in Latin America.

The Wall Street powerhouse and Redpoint eventures are investing $23 million in Brazil’s Olist Servicos Digitais, a startup that helps small merchants sell online, according to Tiago Dalvi, the firm’s founder and chief executive officer. He declined to provide valuation figures.