Peruvian tech company Chazki merges with Lok
Specializing in delivery and transportation services for e-commerce and retail, Peruvian tech company Chazki merges with Lok, a Mexican startup that aims to build one of the biggest networks of smart lockers in Latin America. Over the next two years, this partnership will seek to make Chazki the top logistics provider in the area and triple its market share in Mexico.
“Smart lockers and strategically located delivery points improve efficiency in densely populated areas and optimize the returns process,” said Chazki CEO and founder Gonzalo Begazo as Chazki merges with Lok.
El Financiero claims that as Chazki merges with Lok, it will give priority to Chazki’s out-of-home (OOH) delivery strategy, which will allow users to receive and return products in smart lockers that are conveniently placed in homes, workplaces, pharmacies, and supermarkets. In addition to giving online buyers more delivery and return alternatives, this integration will streamline the options for returns, increase productivity in crowded locations, and improve efficiency overall.
Peruvian tech company Chazki, which entered the Mexican market in 2018, has partnered with significant retailers and e-commerce companies to provide an integrated platform that optimizes end-to-end logistics procedures. Chazki will launch a new OOH segment with Lok’s inclusion, giving customers more alternatives for delivery and returns.
Gonzalo Hevia, a Mexican investor and entrepreneur, founded Mexican Startup Lok in 2021. In its most recent fundraising round, the company raised $5 million, valued at $115 million. Through the merger, Chazki will be able to better utilize its logistical skills and provide additional options for online buyers in terms of shipping and return policies by integrating Lok’s infrastructure and establishing a new OOH business.
Chazki operates across 25 cities throughout Mexico, Colombia, Peru, Argentina, and Chile. With a projected value of $117 billion, it seeks to capitalize on Latin America‘s first- and last-mile logistics sector.