| Founded | 2000 |
|---|---|
| Closed | 2019 |
| Country | Brazil |
| Sector | Ecommerce |
| Total raised | ~$370M USD |
| Collapse type | Fire Sale |
| Founder | Marcio Kumruian |
Netshoes
"Brazil's first NYSE-listed tech company raised $186M at $484M valuation. Amazon Brazil and Mercado Livre destroyed margins. Acquired by Magazine Luiza for $30M — 94% below IPO price — in 2019."
Distressed acquisition below last-round valuation
Key Events Timeline
Netshoes was founded in 2000 by Marcio Kumruian in São Paulo, Brazil, at the age of 26.
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