Merama

What Merama does

Merama is a Latin American e-commerce aggregator founded in December 2020 with dual headquarters in Mexico City and São Paulo. The company acquires majority — but not 100% — stakes in category-leading direct-to-consumer brands selling primarily through marketplaces such as Mercado Libre, Amazon, and Shopee, allowing founders to retain governance and continue operating the business. As of December 2021 Merama held interests in 20+ brands spanning Mexico, Brazil, Chile, Peru, Colombia, and the United States, with stated projections of over $250 million of consolidated 2021 revenue at high profitability, and a stated goal of growing each brand into a $1B+ enterprise within 3-5 years.

Merama's core 'product' is a brand-acceleration platform combining three levers: (1) working capital investment in exchange for equity, (2) operational expertise across cross-border expansion, digital marketing, and supply chain, and (3) proprietary in-house business technology software for demand planning, order fulfillment, pricing management, customer segmentation, and LTV optimization. In December 2021 the company added Merama Labs, an internal division to create and grow new DTC brands organically, alongside the acquisition-led model. Distribution runs primarily through Mercado Libre and Amazon marketplace storefronts, augmented by own-brand D2C websites and cross-border exports. Compliance posture includes GDPR, CCPA, and LGPD adherence across operating jurisdictions.

Merama's go-to-market is enterprise-style field sales targeting category-leading online brand founders across LatAm, with an application/contact-based intake (no public pricing) and revenue model effectively tied to the equity performance and operational uplift of the 20+ brand portfolio. Capital structure is venture-backed and private, with cumulative disclosed funding exceeding $660M from Advent International, SoftBank Latin America, Globo Ventures, Monashees, Valor Capital, Balderton, MAYA Capital, and JP Morgan (debt). The company reached $1.2B unicorn valuation in December 2021 — the fastest in Latin America — and as of April 2025 continues to raise debt and equity, with a $170M facility from Itau Unibanco, BTG Pactual, and Citi alongside $45M from existing equity backers.

Name

Merama

Legal name

Merama Inc.

Website

https://merama.io

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

251–500 employees

Short description

Merama is a Latin American e-commerce aggregator that acquires majority stakes in category-leading DTC brands on Mercado Libre, Amazon, and Shopee, providing working capital, cross-border expansion, and proprietary technology across Mexico, Brazil, Chile, Peru, Colombia, and the U.S.

Ownership category

akta.pro rank

Product category

E-commerce Brand Aggregation

NAICS

Warehouse Clubs, Supercenters, and Other General Merchandise Retailers (4552), Retail Trade (44-45)

SIC

Retail-Variety Stores (5331)

akta.pro primary industry

General Merchandise Online Retailers (CRAFADAA)

akta.pro secondary industries

International Fulfillment, Forwarding & Consolidation Services (CRAFAJAE), Parcel Shipping, Labeling & Rate Shopping Platforms (CRAFAMAF)

Keywords

• E-commerce aggregation
• Brand acquisition
• Marketplace selling
• Direct-to-consumer brands
• Cross-border expansion

Headquarters

HQ city

Mexico City

HQ country

Mexico

HQ region

Latin America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Marketing or Sales, Technology or R&D, Personnel

Revenue model

1. E-commerce Brand Portfolio: Merama acquires majority stakes in direct-to-consumer brands selling on marketplaces like Mercado Libre, Amazon, and Shopee. Revenue is generated through the combined performance of 20+ owned brands across Mexico, Brazil, Chile, Peru, Colombia, and the U.S., expected to generate over US$250 million of revenue in 2021.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels3 records

Core offering

Merama invests working capital in exchange for majority stakes in direct-to-consumer e-commerce brands selling on marketplaces such as Mercado Libre, Amazon, and Shopee across Latin America and the United States. The company partners with category-leading brand founders, allowing them to retain governance, while providing e-commerce expertise, operational support, and proprietary technology tools to accelerate brand growth by 10-20x.

Product overview

Merama operates as an e-commerce aggregator with a unified platform that combines investment capital, operational expertise, and proprietary technology to accelerate direct-to-consumer brands across Latin America. The core offering consists of the E-commerce Brand Acceleration Platform, which provides working capital investment in exchange for majority stakes in brands while founders retain governance. This platform is augmented by Merama Labs (for internal brand creation), Proprietary Business Technology Software (for automation and optimization), Digital Marketing Agency services, and Cross-Border Expansion Services. The company has also acquired and manages brands like Culotte and Miind Brands as part of its portfolio strategy, with over 20 brands operating across Mexico, Brazil, Chile, Peru, Colombia, and the US.

Differentiator

Problem solved

Functional benefit

Brands

• Merama Labs: A new division to create and expand new direct-to-consumer brands, announced in December 2021.

Products and services

• E-commerce Brand Acceleration Platform End-to-end platform that invests working capital in exchange for majority stakes in direct-to-consumer brands selling on Mercado Libre, Amazon, and Shopee, while providing e-commerce expertise, operational support, and proprietary technology to accelerate brand growth by 10-20x.
• Merama Labs Internal brand incubation division that creates and expands new direct-to-consumer brands, complementing Merama's external brand acquisition strategy.
• Culotte Chilean majority-owned brand producing menstrual underwear, planned for expansion into Mexico under Merama's ownership.
• Miind Brands Mexican majority-owned brand focused on beauty and supplements, planned for expansion into Chile and Colombia under Merama's ownership.

Quantifiable outcome

• 10-20x hypergrowth of each brand in portfolio
• +2 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Four partnerships are on record, tiered minor and core.

• CulotteminorOthers · 22 June 2022Chilean brand acquired by Merama that produces menstrual underwear. Plans to introduce Culotte to Mexico market.
• Miind BrandsminorOthers · 22 June 2022Mexican brand acquired by Merama focusing on beauty and supplements. Plans to expand Miind Brands to Chile and Colombia.
• Mercado LibrecoreChannel Partner/ Reseller/ DistributorPrimary marketplace platform where Merama brands sell. Former GM David Geisen featured as industry advisor.
• AmazoncoreChannel Partner/ Reseller/ DistributorPrimary marketplace for private-label brands. Former GM of Amazon Brazil Alex Szapiro joined SoftBank and serves as board observer.

Scale indicators7 records

Recent moves9 records

Expansion highlights6 records

Broad incumbents

• Global-e Online: Global-e provides cross-border e-commerce enablement and localization technology for DTC brands — directly comparable to Merama's cross-border expansion service offering for portfolio brands.
• Mercado Libre: Mercado Libre is the dominant LatAm e-commerce marketplace and Merama's primary distribution channel; also a strategic partner. While not a direct aggregator competitor, its platform economics directly determine Merama's unit economics.

Direct peers

• Thrasio: Thrasio is the largest global Amazon FBA aggregator and the closest comparable to Merama; it acquires majority stakes in third-party marketplace brands and scales them with capital and operational support. Advent (Merama's lead investor) is also a core Thrasio investor, making them particularly analogous.
• Razor Group: Berlin-based Amazon and marketplace brand aggregator operating globally with a roll-up playbook nearly identical to Merama's, targeting category-leading third-party sellers for majority-stake acquisitions.
• Berlin Brands Group: Berlin Brands Group acquires and scales DTC and marketplace-native consumer brands across Europe and globally, applying a similar capital-plus-operations model to Merama across multiple product categories.
• Perch (acquired by The Incubator): Perch was a U.S.-based Amazon FBA aggregator with a brand-aggregation strategy directly comparable to Merama's, operating as a roll-up acquirer of marketplace-native brands.
• Heyday (acquired by TZP Group): Heyday is a U.S.-based marketplace brand aggregator that acquires and operates third-party Amazon and DTC brands, sharing Merama's capital-plus-operations aggregation playbook.
• Moonshot Brands: Moonshot Brands is an aggregator of Amazon and DTC brands focused on operational synergies and brand building, directly comparable to Merama's aggregator model.

Regional players

• Nuvemshop: Nuvemshop is a leading LatAm e-commerce platform/SaaS provider enabling SMBs to build online storefronts; comparable to Merama's D2C storefront build-out capability and serves the same regional merchant base.
• Olist: Olist is a Brazil-based marketplace aggregator and e-commerce enablement platform backed by SoftBank that consolidates SMB sellers into major marketplaces; comparable to Merama's marketplace-centric brand-scaling approach in the same geography.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/Merama-109031017984864
• LinkedInlinkedin.com/company/merama-inc

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries2 records

Funding overview

Funding rounds9 records

Investors18 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Merama