NotCo Sells Brazilian Business & Reportedly Closes Mexican Arm Amid AI Pivot
5 Articles
5 Articles
NotCo Sells Brazilian Business & Reportedly Closes Mexican Arm Amid AI Pivot
4 Mins ReadChilean food tech unicorn NotCo has offloaded its Brazilian business and reportedly shuttered its division in Mexico as part of its shift from plant-based manufacturing to AI-led product development. Three months after agreeing to sell its business in Argentina and Uruguay, NotCo has now moved away from two other countries in Latin America. The Chilean […]
NotCO continues to shrink its business in Latin America. The CEO of the startup, Matías Muchnick, announced this time that he reached an agreement to sell the operation in Brazil to the local investment group Ferrara. “We celebrate this milestone, which recognizes the value and the road built in these 6 years. A team of talented people who, with conviction and a lot of work, launched the ambitious project of building a disruptive brand that prop…
International withdrawal and cost cuts leave Chile as the last focus: with losses and term until the end of the year, profitability is the dilemma.
A new agreement modifies the regional map of one of the best-known foodtechs in Latin America a few months after another operation in two countries.
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