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Morgan & Morgan 

September, 2021 - Panama, Panama

 

Morgan & Morgan Legal advised Elaniin Tech Company in designing the corporate structure and seed investment round of US$ 1.5 million for the launch of “Mercandú”, an e-commerce platform offering door to door delivery of more than 150,000 products.

 

Morgan & Morgan Legal acted as Panamanian counsel to Elaniin Tech Company, a software development, digital strategy and technology company, based in El Salvador, in designing the corporate structure and seed investment round of US$1,500,000.00, with which it launched “Mercandú”, a, e-commerce website and mobile app that operates a regional digital marketplace offering door to door delivery of over 150,000 products such as: Technology, Home, Vitamins, Makeup, Pets, among others. Mercandú currently operated in 14 states of El Salvador and intends to initiate operations in other countries of the region starting in 2022, and has more than 20,000 users, more than 60,000 monthly visits, with a 50% recurrence in orders, all of this accompanied by a 20% month-to-month growth in sales and orders

Partner Kharla Aizpurúa O., Senior Associate Pablo Epifanio, and International Associate Miguel Arias M. participated in this transaction.


 

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