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MELI - MercadoLibre Inc
25.05(1.55%)9:00:01 PM 2/26/2021
Mercado Libre, Inc. is an Argentine company incorporated in the United States that operates online marketplaces dedicated to e-commerce and online auctions, including As of 2016, Mercado Libre had 174.2 million users in Latin America, making it the region's most popular e-commerce site by number of visitors. The company has operations in Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Mexico, Spain, Ecuador, Guatemala, Honduras, Peru, Panama, Uruguay, and Venezuela. Mercado Libre was founded in 1999 in Argentina. Founder and CEO Marcos Galperin established the company while attending Stanford University. He acquired funding from John Muse, co-founder of HM Capital Partners. Mercado Libre received additional funding from JPMorgan Partners, Flatiron Partners, Goldman Sachs, GE Capital and Banco Santander Central Hispano. In 1999, Mercado Libre was chosen as an Endeavor company.
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