Dafiti, a Sao Paulo, Brazil-based Latin American fashion commerce site, raised $70m in funding.
Backers included Canadian investment fund Ontario Teachers’ Pension Plan (OTTP).
The company intends to use the funds to continue to expand operations.
Launched in Brazil in 2011 and backed by Berlin, Germany-based Rocket Internet, Dafiti has raised $225m in capital expanding to Argentina, Chile, Colombia, and Mexico. It offers a broad selection of international and local brands at discounted prices. All orders are free of delivery or returning costs.