Kiwi sells it’s Lulo product to focus on the future
As has been reported this week, one of the companies from my portfolio, Kiwi, sold one of their digital products called Lulo to Merqueo, whose founders are also the founders of Domicilios, acquired over a year ago by Delivery Hero. The funds generated from the sale will allow the company to focus on one product, a chat application for ordering all types of products and services.
I first met the original co-founders, Felipe Chavez and Javier Santiago Lozano, more than two years ago and was impressed from the start. Santiago has always been passionate about building great products. He is amazingly talented in a number of areas including, but not limited to, developing and designing great software products. Felipe complements Santiago through his determination and drive to build an organization. They believe in hiring the most talented people that are equally inspired by what the company is trying to accomplish.