99minutos is a logistics service company for e-commerce vendors across Latin America.
99minutos offers affordable, fast and reliable logistics services for e-commerce vendors across Latin America.
99minutos was founded in 2014 by Alexis Patjane. The company is headquartered in Mexico City, and has operations within 40 major markets across Mexico, Chile, Colombia, and Peru.
99minutos started as an e-commerce company with fast delivery quickly became a last-mile delivery service for other e-commerce companies. It offers five distinct services: less than 99 minutes, same-day, next-day, CO2-free delivery, and economy.
99minutos launched new offerings, including Punto 99, a pick-up and drop-off network that addresses the entire fulfillment process and returns. The company opened more than 500 stations, which include printing stations for labels, where people can pick up or drop off their packages.
99minutos handles more than 15 million packages per year for major e-commerce companies and thousands of smaller e-commerce brands. It also has a route tracking and optimization SaaS tool for customers called Routa 99 that figures out the best way to get a package to its destination and in what kind of vehicle.
99minutos is backed by OAK HC/FT, Kaszek, Prosus Ventures, Unbox Capital, and others. The company raised $82M in a Series C round on Mar 02, 2022. This brings 99minutos' total funding to $128.7M to date.