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Brazilian Web Retailer Gets Cash Infusion

Americanas.com, the online unit of Brazilian retailer Lojas Americanas, has sold a 33% equity stake to foreign investors, raising $40 million to invest in new technology, according to Reuters.The investors are Flatiron Fund, Chase Capital Partners, AIG Capital Partners, Next International, Global Bridge Ventures and Mercosul Internet.

Americanas.com, the online unit of Brazilian retailer Lojas Americanas, has sold a 33% equity stake to foreign investors, raising $40 million to invest in new technology, according to Reuters.

The investors are Flatiron Fund, Chase Capital Partners, AIG Capital Partners, Next International, Global Bridge Ventures and Mercosul Internet.

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