Mercato
Financials
Estimates*
USD | 2019 | 2020 | 2021 | 2023 |
---|---|---|---|---|
Revenues | 10.7m | 17.4m | 21.2m | 15.2m |
% growth | - | 63 % | 22 % | - |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | $1.0m | Seed | |
$1.3m | Seed | ||
$1.2m | Seed | ||
$1.0m | Seed | ||
$4.0m | Seed | ||
N/A | $1.1m | Seed | |
$26.0m | Series A | ||
Total Funding | €32.4m |
Recent News about Mercato
EditMercato is an online marketplace that connects local merchants with consumers seeking fresh, artisanal groceries and specialty foods. The platform serves individual consumers and businesses looking for high-quality, locally-sourced products. Operating primarily in urban markets, Mercato offers a wide range of items including party platters, deli trays, specialty beverages, spices, seafood, artisanal cheeses, and hand-cut meats. The business model is based on a commission structure, where Mercato earns a percentage of each transaction made through its platform. This model allows local merchants to reach a broader audience while providing consumers with convenient access to premium, locally-sourced products. Mercato's revenue is generated through these commissions as well as potential subscription fees for premium services. The company emphasizes community support and exceptional customer service, ensuring satisfaction with every order.
Keywords: online marketplace, local merchants, artisanal groceries, specialty foods, urban markets, commission-based, premium products, community support, customer service, fresh produce.