Industry landscapes
Industry report

Funding and advertised pay are reported in USD; filed accounts retain their stated source currency and basis.

Exchange-rate basis

Indicative conversions use ECB reference rates dated 2026-09-14, applied consistently across all periods. They are not historical exchange rates. Indian rupees may use crore (1 crore = 10 million); other currencies use K, M and B. CSV downloads, source documents and quoted news headlines retain their original currencies.

THE MEXICO EDITION 2026

Mexico’s
retail industry,
in focus.

The companies, capital and talent shaping retail in Mexico. Find the leaders. Understand the segments. See where the activity is.

Snapshot: Funding in USD
Illustrated cover for Retail Industry Landscape of Mexico
MX
COMPANIES · CAPITAL · TALENT

An industry ecosystem,
measured in context.

Retail illustration
MEET THE COMPANIES

Explore Mexico’s retail leaders

24 featured companies from the funding, hiring, revenue and team-size leaderboards.

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Retail company highlights in Mexico, snapshot 1 September 2026
Company
Meramamerama.io$784.6M390
Clipclip.mx$548.65M3 roles1,044
Liniolinio.com$210.5M1,146
Valoreovaloreo.com$160M200
Zubalezubale.com$72.3M860
GAIAgaiadesign.com.mx$67.85M276
Quinioquinio.io$60M78
Wonder Brandswonderbrands.co$35.5M53
Chedrauichedraui.com.mx7 roles65,639
ellazellaz.com3 roles14
manuablemanuable.com2 roles20
Alxedoalxedo.mx1 roles18
Liverpoolliverpool.com.mx1 roles71,347
Tryptryp.mx1 roles
c&a méxicocyamoda.com1 roles4,000
3b storestiendas3b.com17,000
Bodega Aurrerabodegaaurrera.com.mx
Coppelcoppel.com71
El Palacio de Hierroelpalaciodehierro.com11,747
Perfumes Clubperfumesclub.com
PromoDescuentospromodescuentos.com
Revierevie.lat
Sears de Mexicosears.com.mx
Walmart de México y Centroaméricawalmartmexico.com229,225
24 featured companies

Locked revenue figures are available in Radar; the eight company financial previews stay the same throughout this page. A dash means the figure is outside these featured lists. Revenue years vary by company; the figures are not a like-for-like revenue comparison. Compare annual accounts ↗

Company discovery

Recorded evidence only

Explore the live startup set in Radar

No company example met every recorded classification, independence and public-profile gate in this snapshot. The live directory may have newer qualifying companies.

Explore classified startups in Radar ↗
THE KEY SIGNALS

Retail industry KPIs in Mexico

A few useful ratios bring the size of this ecosystem into perspective.

1 September 2026
Hiring participation1.5%

12 of 795 tracked companies have open roles.

Funding participation8.1%

64 of 795 tracked companies have a recorded round.

Top 3 funding share74.9%

Share of disclosed capital received by the three largest recorded recipients.

Median disclosed round$5.25M

Midpoint of 64 rounds with a disclosed amount.

Scale is concentrated. Opportunity is broader. The three largest funding recipients hold 74.9% of disclosed capital, while 91.9% of tracked companies have no recorded funding round.

Explore the segments →
CAPITAL & COMPANY FORMATION

How Mexico retail has grown

Recorded company formation and disclosed funding across the complete annual series shown.

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2016 — 2025

Disclosed funding by year

Sum of recorded funding rounds · USD

Mexico retail
$0$260.55M$521.11M$781.66M$1.04B2016: $74.94M20162017: $31.35M20172018: $19.51M20182019: $108.5M20192020: $150K20202021: $914.23M20212022: $236.25M20222023: $49.05M20232024: $224.51M20242025: $220M2025
View the numbers
Annual retail funding and company formation in Mexico
YearFunding (USD)FoundedRaising
2016$74.94M417
2017$31.35M472
2018$19.51M423
2019$108.5M504
2020$150K921
2021$914.23M5312
2022$236.25M3913
2023$49.05M186
2024$224.51M23
2025$220M01
WHERE CAPITAL SITS

Funding concentration

Share of all disclosed company funding.

  • Merama38.1%
  • Clip26.6%
  • Linio10.2%
  • Other companies25.1%

Funding by stage

88 recorded rounds since 2016

NUMBER OF ROUNDS
Seed & Angel43 48.9%
Series A–B25 28.4%
Series C+ / PE7 8.0%
Grants, debt & other13 14.8%

Recent recorded rounds

Latest recorded rounds · USD
0 rounds

Swipe or scroll horizontally to browse.

Largest and notable recorded rounds

Each card is one recorded round
10 cards

Swipe or scroll horizontally to browse.

Series D06/2021
Clipclip.mx$250M

Backed by SoftBank Latin America Fund and Viking Global Investors and others.

Series B09/2021
Meramamerama.io$225M

Backed by Advent International and SoftBank and others.

Series C05/2019
Clipclip.mx$100M

Backed by General Atlantic and SoftBank Latin America Fund.

Series C07/2014
Liniolinio.com$79M

Backed by Access Industries and Northgate Capital.

Series B12/2021
Meramamerama.io$60M

Backed by Advent International and SoftBank Group and others.

Series A04/2021
Meramamerama.io$60M

Backed by Balderton Capital and Maya Capital and others.

Series B11/2013
Liniolinio.com$50M

Backed by Summit Partners and J P Morgan and others.

THE BUSINESS BEHIND THE ACTIVITY

Revenue, profitability & financial strength

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Annual accounts availability

No reviewed exact national-ID connector has yet been qualified for Mexico; this is a checked implementation boundary, not evidence that filings are absent.

DIGITAL FOOTPRINT

Web traffic, app reach and release cadence

How the Mexico companies on this page show up online: the sites people visit, the apps they install, and how often those apps ship.

Busiest websites

34 of the 795 companies on this page carry a measured traffic record (4.3%); these are the largest of those, by monthly visits. The median among them is 535,294 visits.

CompanyMonthly visitsAuthorityMobile
Coppelcoppel.com38,081,0527293.6%
PromoDescuentospromodescuentos.com37,637,1315678.4%
Liverpoolliverpool.com.mx30,547,8157685.5%
Bodega Aurrerabodegaaurrera.com.mx25,203,4868092.3%
Chedrauichedraui.com.mx7,506,7977487.3%
Suburbiasuburbia.com.mx5,715,8726794.3%
El Palacio de Hierroelpalaciodehierro.com4,918,7515980.9%
costco mexicocostco.com.mx4,913,9877074.9%
Cyberpuertacyberpuerta.mx4,433,3764868.8%
Clipclip.mx2,375,7394392.9%

Visits and authority are third-party web estimates, not company-reported figures.

Most-installed apps

106 of these companies (13.3%) publish at least one Android app — 176 apps in all, carrying 113.2M installs between them.

Installs are lifetime totals to date at the June 2026 store reading — a measure of reach, not of people using an app today.

App reach by segment

The busiest app inside each of this page’s own segments, with the quarterly release trend behind it (2023Q1–2026Q2).

SegmentAppsInstallsLeading appRelease trend
Retail Chains2456.2MLiverpool: Compras online 26.5M
Horizontal E-Commerce838.1MBodega Aurrera En Línea 22.8M
In Store Retail Tech554.8MClip 4.4M
Payments84.5MBeca Leona Vicario 77.7K
Mom & Baby Care73.3MLearn to read Spanish 2.5M
Mobile Gaming63.1MAprender a leer 2 Grin y Uipi 261.2K
Coupons And Deals73MPromoDescuentos: ofertas 1.8M
Retailers122MEl Palacio de Hierro 1M

A company can carry several segment tags, so these rows overlap and should not be added together. Trend lines are zero-based and share one quarter grid, so a flat line is a quiet segment, not a missing one.

Release cadence by quarter

New apps published, beside apps whose most recent update landed in that quarter — the second bar is how much of the shelf is still being maintained.

2023Q1: 32023Q1: 02023Q12023Q2: 82023Q2: 22023Q22023Q3: 52023Q3: 42023Q32023Q4: 32023Q4: 12023Q42024Q1: 52024Q1: 12024Q12024Q3: 22024Q3: 72024Q32024Q4: 22024Q4: 62024Q42025Q1: 42025Q1: 72025Q12025Q2: 72025Q2: 52025Q22025Q3: 12025Q3: 192025Q32025Q4: 12025Q4: 202025Q42026Q1: 32026Q1: 352026Q1

Darker bars are new releases, lighter bars apps updated. 115 of 176 apps carry a release date. The series ends at 2026Q1, the last quarter that closed before the June 2026 reading.

INSIDE THE INDUSTRY

The Mexico retail market map

Explore the segments behind the headline numbers.

Expand panel +

Where companies are building

Rank segments by scale, hiring or disclosed funding.

Consumer digital338
B2c e-commerce305
Enterprise tech145
B2c fashion e-commerce104
Internet first brands98
Commerce enablers96
Enterprise software88
Marketplaces69
Internet first fashion brands60
Saas47
Retail saas39
Beauty e-commerce38

Companies can sit in several segments. Counts and funding overlap.

SEGMENT TO EXPLORE

Consumer digital

The largest measured segment in this report snapshot.

338companies
0.3%have hiring activity

1 companies hiring · $313.54M disclosed funding

Explore in Radar

How companies make money

Common revenue models; a company can use more than one.

E-commerce - product470
E-commerce - service241
Subscription175
Commission on transaction136
Advertising118
Physical commerce86
Fee-for-service66
Renting / leasing4
THE COMPANIES IN MOTION

Who is listing, hiring leaders, launching and winning work

Recorded corporate activity linked to companies in this landscape.

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Recent corporate headlines 10 dated reports
Mergers & acquisitionsalima.la ↗

Pepper, a New York-based technology platform for independent food distributors, has acquired Alima, a Y Combinator-backed startup that built ordering and procurement software for small food distributors in Latin America.

Mergers & acquisitionsliverpool.com.mx ↗

In 2025, Liverpool, together with members of the Nordstrom family, completed an all-cash acquisition of Nordstrom Inc., which is now a joint venture owned 49.9% by Liverpool and 50.1% by the Nordstrom family.

Mergers & acquisitionsbetterware.com.mx ↗

Betterware de México has announced a landmark consumer goods transaction, agreeing to acquire Tupperware’s operations across Latin America while securing a perpetual license to the Tupperware brand in the region.

Mergers & acquisitionsomb.mx ↗

After buying 2MBC in 2023, in order to acquire its own production tool, OMB (West Building Metal) continues its growth in Begrolles-en-Mauges (Maine-et-Loire).

Funding roundsmerama.io ↗

Merama also obtained a revolving credit line of US$170 million from BTG Pactual Bank SA, Citigroup Inc. and Itaú Unibanco Holding SA denominated in real, which is renewing a loan of US$80 million from JPMorgan Chase & Co. of April 2024.

Mergers & acquisitionswonderbrands.co ↗

Acquisitions that followed included Brill, the North American frozen manufacturing business of Dawn Foods, Wonder Brands Holdings Inc. and Table Talk Pies.

Funding roundscoppel.com ↗

Grupo Coppel, one of the main actors in retail and financial services in Mexico, has announced a strategic investment of $14.2 billion pesos for 2025.

IPO activitytiendas3b.com ↗

In a landmark achievement, Tiendas 3B was listed on the New York Stock Exchange in February 2024 under the ticker symbol “TBBB.”

Funding roundsskydropx.com ↗

Skydropx, a logistics platform that operates in Mexico and Colombia, announced an investment of 50 million reais in Brazil by 2028, including the acquisition of logtech Frenet, completed in December by 31.5 million reais.

Funding roundsrevie.lat ↗

Revie has raised $2.5 million in a seed round led by Sanabil Venture Studio by Stryber, it announced in a statement today.

Full recorded event mix

Top 10 categories among 64 recorded events in the 24-month window.

Mergers & acquisitions
12
Funding rounds
9
Earnings
9
Company announcements
6
Leadership moves
5
Capital infusions
5
Job creation
5
Contracts
3
Lawsuit
2
Buyback
2
5 activity cards

Swipe or scroll horizontally to browse.

IPO pipeline

1 companies with recorded IPO activity

3b stores ↗

IPO · NYSE1 reports

Leadership moves

1 tracked people moves

Juan Carlos Escribano

Resignation Previously Chief Executive Officer

Contract wins

1 recorded customer wins

ThermalTech ↗

Customer: Daikin North AmericaHVAC

Litigation

2 tracked suits

Company
sernac v linio

Consumer law violations and breach of deadlinesCivil · Filed

Company
chedraui v walmex

anti-competitive practicesRegulatory · Ongoing

Mergers and acquisitions

Company-linked deal reports; status is preserved as recorded.

Acquirer → targetStatusDateValue / context
LiverpoolnordstromAnnounced2026-05-23Not stated in snapshot
pepperAlima ↗Announced2026-03-30Not stated in snapshot
LiverpoolnordstromCompleted2026-02-10Not stated in snapshot
betterwaretupperwareAnnounced2026-01-19Not stated in snapshot
razor groupValoreo ↗Completed2025-09-24Not stated in snapshot
nordstromLiverpool ↗Completed2025-05-01$6.2B

A discussion or rumour is not a completed transaction. An unstated value is not zero.

PEOPLE & OPPORTUNITY

The talent market

0 postings in the preceding 12 months. The full 10-posting snapshot covers 6 employers.

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Most advertised job titles

Asesor Ventas Retail2
Cajera Retail Antea1
Subgerente De Tienda Retail1
Key Account Manager – Retail1
Retail Consulting Project Snr Principal Consultant1
Gerente De Ventas – Retail1
0 internship postings

0 tracked postings mention remote work.

The seniority mix

2 postings specify a level.

unspecified
8
lead
1
manager
1

Skills employers mention

Top skills across 10 tracked postings in the available jobs snapshot.

Retail
3
English
3
Procurement
3
E Auctions
3
Portuguese
3
THE PEOPLE BUILDING THE FIELD

Founders and leaders

220 founders and chief executives across 164 companies.

Expand panel +
12 profiles

Swipe or scroll horizontally to browse.

Education networks

20 profiles with education records.

Harvard Business School
4
University of Pennsylvania
4
Wharton School
4
Columbia Business School
3
Harvard University
3
Columbia University
2
University of Oxford
2
Universitat Politècnica de Catalunya
1

Prior employers

5 profiles with prior-work records.

Goldman Sachs
2
McKinsey
2
Microsoft
1
Bain
1

Profiles cover recorded founders and leaders; contact details remain in Radar.

NEWS INTELLIGENCE

How this industry appears in the news

256,750 articles in the measured 12-month window.

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256,750articles in the measured year
52,703articles in 2026Q1
36.3%positive tone in the latest complete year

News volume trends

Retail coverage across Mexico · articles per complete quarter

038,11176,223114,334152,4452021Q2: 42,0272021Q22021Q3: 45,0172021Q4: 38,6772022Q1: 42,0142022Q2: 43,5672022Q22022Q3: 42,8712022Q4: 57,0142023Q1: 56,9712023Q2: 54,2192023Q22023Q3: 64,0652023Q4: 52,1832024Q1: 64,8012024Q2: 69,9172024Q22024Q3: 67,3222024Q4: 81,2462025Q1: 132,5612025Q2: 73,7202025Q22025Q3: 98,9282025Q4: 45,2252026Q1: 52,7032026Q1
View quarterly article counts
QuarterArticles
2021Q242,027
2021Q345,017
2021Q438,677
2022Q142,014
2022Q243,567
2022Q342,871
2022Q457,014
2023Q156,971
2023Q254,219
2023Q364,065
2023Q452,183
2024Q164,801
2024Q269,917
2024Q367,322
2024Q481,246
2025Q1132,561
2025Q273,720
2025Q398,928
2025Q445,225
2026Q152,703

Article volume measures coverage, not market sales.

Tone of coverage over time

2021
61,400 positive · 31,553 neutral · 43,125 negative
2022
85,792 positive · 47,575 neutral · 51,822 negative
2023
109,627 positive · 59,144 neutral · 58,373 negative
2024
111,034 positive · 95,820 neutral · 76,074 negative
2025
127,051 positive · 95,464 neutral · 127,508 negative

Leading coverage topics

Retail coverage across Mexico · ranked by full-period article count.

Geopolitical Disputes And Contested Areas239,233 articles in the full recorded period
52,243 recent · 80,156 prior
International And Transnational Geographic Entities239,191 articles in the full recorded period
52,245 recent · 80,117 prior
Administrative And Political Subdivisions239,133 articles in the full recorded period
52,233 recent · 80,081 prior
Trade Policies And Agreements23,639 articles in the full recorded period
6,812 recent · 15,181 prior
/People & Society/Social Issues & Advocacy/Immigration Policy & Migrant Rights18,227 articles in the full recorded period
4,314 recent · 4,929 prior
International Sports Competitions17,185 articles in the full recorded period
5,280 recent · 3,382 prior
Political Asylum And Refugee Policies15,461 articles in the full recorded period
3,462 recent · 4,494 prior
Human Rights Advocacy Reports15,153 articles in the full recorded period
3,365 recent · 4,379 prior
International Political Relations10,427 articles in the full recorded period
3,059 recent · 2,967 prior
Economic Policy And Financial Regulation8,085 articles in the full recorded period
2,435 recent · 5,429 prior

Recent and prior counts use the source comparison windows.

Topics gaining and losing attention

Retail coverage across Mexico

KeywordRecentPriorChange
countries3,9071,432173%
world cup92454270%
fifa world cup qualifiers81953354%
wto rulings799185332%
international cups65934790%
federalism disputes56391519%
volleyball world cup qualifiers48531853%
global tournaments47032047%
refugee health screenings44127063%
airline rewards40221091%
disputed islands52,14479,798-35%
territories52,14879,797-35%
tariff negotiations5,16912,274-58%
free trade deals2,7955,310-47%
border enforcement practices2,0383,193-36%

Event and signal lenses

Retail coverage across Mexico

All complete annual cohorts shown
Rising

Regulatory Risk

522,126 classified articles

disputed islands, territories, tariff negotiations

16.2% critical · 12.2% positive
Rising

Funding Momentum

42,399 classified articles

inflation reports fx, trade deficits fx, gdp growth forex

37.6% critical · 36.8% positive
Rising

Growth

101,272 classified articles

tariff negotiations, gdp growth forex, earnings report

27.4% critical · 45.2% positive

Retail coverage across Mexico. Topic labels describe recorded classifications and can include broad context.

GEOGRAPHIC FOOTPRINT

Where companies are based

Company counts, hiring and disclosed funding across the recorded hubs.

Expand panel +
8 cards

Swipe or scroll horizontally to browse.

UNDERSTAND THE LANDSCAPE

Retail in Mexico: key questions

Clear definitions for making better comparisons.

What does this landscape measure?

It measures the tracked company ecosystem, recorded funding, hiring and other available evidence. It is not a market-size estimate.

Can segment counts be added together?

No. A company can belong to several segments, so segment counts and funding can overlap.

What does a missing figure mean?

A dash or unavailable panel means the current reviewed source snapshot does not support that figure.

Company ecosystem snapshot: 1 September 2026. Funding is recorded in USD; filed accounts retain their stated currency and reporting basis. Each section identifies its own coverage. The news and research behind these sections is explorable in Prism.

Canonical landscape ↗
Coming soon