When was MercadoLibre founded?

MercadoLibre was founded in 1999.

Where is MercadoLibre located?

MercadoLibre is located in Buenos Aires, Argentina .

Who is the current CEO of MercadoLibre?

Marcos Galperin is the current CEO of MercadoLibre.

When was the latest funding round of MercadoLibre?

MercadoLibre's latest funding round was on Mar 2019.

What is the annual revenue of MercadoLibre?

Annual revenue of MercadoLibre is €1.09M as on Dec 31, 2023.

Where does MercadoLibre rank among its competitors?

MercadoLibre ranks 1 amongst 293 active competitors.

Who are the top competitors of MercadoLibre?

MercadoLibre's top competitors are Amazon, Empik and Elo7.

MercadoLibre - 2025 Company Profile, Funding & Competitors - Tracxn

MercadoLibre is a public company based in Buenos Aires (Argentina), founded in 1999 by Marcos Galperin and Stelleo Passos Tolda. It operates as an Online marketplace offering multi-category consumer products. MercadoLibre has raised an undisclosed amount in funding. The company has 293 active competitors, including 9 funded and 15 that have exited. Its top competitors include companies like Amazon, Empik and Elo7.

Company Details

Online marketplace offering multi-category consumer products. The product catalog includes home care, electronics, health care, fashion, industrial tools, groceries, beauty, mom and baby care, stationery, books, toys, and more.

Website: mercadolibre.com
Social

Key Metrics

Founded Year

1999

Location

Buenos Aires, Argentina

Stage

Public

Latest Funding Round

Post IPO, Mar 2019, $750M

Investors

General Atlantic & 4 more

Ranked

1^st among 293 active competitors

Annual Revenue

€1.09M as on Dec 31, 2023

Investment & Acquisitions

CXC & 33 more

Similar Companies

Flipkart & 3398 more

Exit Details

Public

Legal entities associated with MercadoLibre

MercadoLibre is associated with 2 legal entities given below:

Legal Entity Name	Date of incorporation	Revenue	Net Profit	Employee Count
Mercado libre	Jul 23, 2019	$1.18M (as on Dec 31, 2023)	412	778
MERCADOLIBRE INC	May 10, 2007	-	774	484

MercadoLibre has raised funding over 2 rounds. Its first funding round was on Aug 15, 2007. Its latest funding round was a Post IPO round on Mar 2019 for $750M. 1 investor participated in its latest round, which include General Atlantic, PayPal, Axia Ventures and Ringway Capital.

MercadoLibre has 5 institutional investors including General Atlantic, PayPal and Axia Ventures.

Here is the list of recent funding rounds of MercadoLibre:

Date of funding	Funding Amount	Round Name	Post money valuation	Revenue multiple	Investors
Mar 2019	$750M	Post IPO	8120480	3443346	PayPal
Aug 15, 2007	Undisclosed	Post IPO	6500283	9476994	General Atlantic

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View details of MercadoLibre's funding rounds and investors

The founders of MercadoLibre are Marcos Galperin and Stelleo Passos Tolda. Marcos Galperin is the CEO of MercadoLibre. Marcos Galperin has founded 1 more company - Mercado Libre.

View details of MercadoLibre's Founder profiles and Board Members

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Top competitors of MercadoLibre include Amazon, Empik and Elo7. Here is the list of Top 10 competitors of MercadoLibre, ranked by Tracxn score:

Overall Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	MercadoLibre 1999, Buenos Aires (Argentina), Public	Online marketplace offering multi-category consumer products	-	General Atlantic, PayPal & 3 others	80/100
2nd	Amazon 1994, Seattle (United States), Public	Online marketplace offering multi-category products	$8M	Herald Investment Management, Vulcan Capital & 47 others	84/100
3rd	Empik 1948, Warsaw (Poland), Acquired	Online marketplace offering multi-category products	-	ForeVest Capital Partners, Berrio Capital & 2 others	70/100
4th	Elo7 2008, Sao Paulo (Brazil), Acquired	Online marketplace for buying and selling handicraft products	$18M	Accel, Insight Partners & 2 others	70/100
5th	Linio 2012, Cuauhtemoc (Mexico), Acquired	Online marketplace offering multi category products	$210M	Summit Partners, J P Morgan & 8 others	64/100
6th	Exito 1949, Bogota (Colombia), Acquired	Online retailer offering multi-category products	-	-	57/100
7th	Yapo 2011, Santiago (Chile), Acquired	Online listing platform for multi-category products	-	-	57/100
8th	Submarino 1999, Rio de Janeiro (Brazil), Acquired	Online retail platform offering multi-category products	$106M	Goldman Sachs, Warburg Pincus & 6 others	55/100
9th	Americanas 1999, Rio de Janeiro (Brazil), Unfunded	Online marketplace offering multi-category products	-	-	55/100
10th	ClaroShop 1999, Mexico City (Mexico), Unfunded	E-commerce marketplace offering products from offline stores	-	-	50/100

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MercadoLibre has made 24 investments in companies including CXC and Felix. MercadoLibre has also acquired 10 companies including Redelcom and Kangu Technology. Here is the list of investments & acquisitions:

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Aug 15, 2024	Investments	CXC	2005	Mexico City, Mexico
May 28, 2024	Investments	Felix	2020	San Francisco, United States
Feb 21, 2024	Investments	Simetrik	2008	Bogota, Colombia