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Yalo Raises Series C Financing To Strengthen Leadership In Conversational Commerce And Capitalize On WhatsApp s 2 Billion User Base
Yalo is the Leading Conversational Commerce Platform
Yalo Raises $50 Million in Financing Led by Existing Investor B Capital
Financing Will Support Expansion in Latin America and Southeast Asia; Development of New Conversational Commerce Products
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SAN FRANCISCO, May 26, 2021 /PRNewswire/ Yalo, the leading conversational commerce (c-commerce) platform previously known as Yalochat, has raised $50 million in a Series C round of financing, bringing total capital raised to date to $75 million. The round was led by existing venture investor B Capital Group, a venture capital firm co-founded by Eduardo Saverin.
Yalo, the conversational commerce (c-commerce) platform previously known as Yalochat, has raised $50 million in a Series C round of financing, bringing total capital raised to date to $75 million. The round was led by existing venture investor B Capital Group, a venture capital firm co-founded by Facebook co-founder Eduardo Saverin. Yalo platform enables large enterprise businesses like Unilever, Nestle, Coca-Cola and Walmart to communicate and transact directly with consumers through messaging apps like WhatsApp. Yalo, which has operations in India, US, Mexico and Brazil, will use the financing to deepen its presence in Latin America and Southeast Asia. It would also fund the development of new product offerings, including conversational marketing and payments solutions.