SoftBank Vision Fund invests $100m in e-commerce startup in Brazil

Pedestrians walk past a SoftBank Group Corp. store in Tokyo, Japan. Photographer: Tomohiro Ohsumi

SoftBank Group Corp.’s Vision Fund has invested $100 million in Brazil-based delivery startup Loggi, betting on the county’s rapid e-commerce growth.

Headquartered in Sao Paulo, South America’s largest city, Loggi flags delivery requests to nearby couriers, from motoboys (or motorcycle messengers) to vans. The widely used app calculates the fee and route.

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