Wednesday, August 29, 2012
JP Morgan to invest $45 million in Brazilian online retailer Dafiti
Brazilian online fashion retailer Dafiti said on Tuesday that it would receive $45 million from J.P. Morgan Asset Management in a cash-for-equity deal that underscores investors' appetite for the country's fast-growing Internet market. Dafiti's online retail platformThe announcement comes less than a month after a fund launched by U.S. firms Redpoint Ventures and e.ventures raised $130 million to invest in Brazilian mobile, media and cloud-service projects. Dafiti, Brazil's answer to Amazon.com
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