Nilus Global SRL

Based in Argentina, Nilus Global SRL is committed to reducing the cost of living for low-income individuals through technology-driven solutions that promote food security and community engagement. Nilus Global SRL is a technology organization that focuses on enhancing food access for low-income populations in Latin America. Founded in 2018 in Buenos Aires, Argentina, the company has successfully raised a total of USD 3. 50 mn across various funding rounds, with its most recent deal in November 2023 led by Preface Ventures and VX Ventures during a Series A funding round.

The company was co-founded by Ady Beitler and Tomer Kulla, with Beitler also serving as the CEO. Over its history, Nilus has completed 8 deals and primarily operates in Argentina and Mexico, targeting urban communities where food insecurity is prevalent. Nilus Global SRL offers innovative solutions aimed at reducing the cost of living for low-income families in Latin America. Their platform facilitates food rescue, community buying groups, and direct sourcing from local producers.

The service connects community leaders with local producers, ensuring affordable access to nutritious food while actively minimizing waste. By consolidating food purchases, Nilus not only lowers costs for families but also fosters healthy eating habits, thus addressing both economic and nutritional challenges. Nilus generates revenue by facilitating transactions between community members and local food producers. Its business model enables families to purchase food at lower prices than typical retail environments by minimizing intermediaries through direct sales facilitated by community leaders.

Although specific financial details regarding pricing plans for products or services are not disclosed, the company’s focus on community engagement and sustainability supports its revenue generation efforts. In November 2023, Nilus Global SRL raised an undisclosed amount of venture funding from returning investor Mudcake. The company plans to utilize this funding to enhance its platform and develop new product offerings aimed at further improving food access for low-income communities. Additionally, Nilus is strategizing to expand its operations into new markets across Latin America, targeting specific urban areas by mid-2024.

These initiatives aim to bolster their existing model of community-driven food purchasing as they seek to increase their reach and impact.