The local firm was founded in 2017 by entrepreneurs JoaquÃn Zavala and Santiago Valdés, and several Chilean investors had already joined, such as Pablo Turner and Grupo Prisma, led by MatÃas Claro. This is the first time that H&M has invested in a Latin American startup.
This Monday, a relevant operation materialized in the world of Chilean startups. The Swedish giant H&M Group completed the entry into the property of Vestuá, a firm created in 2017 by two Chilean entrepreneurs, which is a marketplace to sell second-hand clothing, in the context of the growing trend of resale, sustainable fashion and the circular economy. Vestuá had already expanded to Mexico earlier this year…
