| Founded | 2019 |
|---|---|
| Closed | 2022 |
| Country | Brazil |
| Sector | Ecommerce |
| Total raised | $53M (Andreessen Horowitz, 2019–2021) |
| Collapse type | Silent Shutdown |
| Founder | Alejandro Masiá |
Favo
"Brazilian social commerce startup raised $53M from a16z to replicate Pinduoduo in LatAm—then shut down when group buying did not translate to Brazilian consumer behaviour."
Quiet closure with no public announcement
Key Events Timeline
Favo was founded in São Paulo in 2019 by former Google and Walmart executives to bring social commerce—specifically the Pinduoduo group-buying model—to Brazil and Latin America.
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