Yalo raises $50 mn funding led by existing venture investor B Capital Group

Yalo will use the financing to deepen its presence in Latin America and Southeast Asia

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