Basico Gets $500K To Launch Luxury Apparel Basics E-Commerce Brand For Brazil

When it comes to quickly growing markets, it's hard to beat Brazil, where an emerging middle class is driving strong demand for all kinds of products -- particularly in the e-commerce sector. The latest startup primed to take advantage of this boom is Basico, which just raised $500,000 in seed funding led by Initial Capital, the Israeli/Brazilian VC fund headed up by investor (and frequent TechCrunch contributor) Roi Carthy, along with Brazilian angel investor Guilherme Soarez.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/AE7BAPRuySI/

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