Ivan Ariza, founder of Mexican logistics platform Cargamos, explains to Nathan Latka why physical fulfillment infrastructure is highly capital intensive.
0:00 / 0:10exact quote · 10.2s
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“If you look at Amazon, for example, you're going to find that a single location could cost even more than a hundred billion, a hundred million dollars.”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
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More from Ivan Ariza
Disclosure
Ariza: Cargamos Pays Landlords Per Package Rather Than Buying Real Estate
“No, we don't buy. We leasing the real estate, but actually we make an approach like we work with their buildings with the landlord. So our approach is when we increase the package that leave the station, we're going to pay to the landlord. So we don't know, pa…”
Ivan ArizaDec 29, 2021▶ 2:13Cargamos Does Last Mile Delivery in Mexico, Breaks $12m Revenue, Raising $30m Now
AssertionSupported
Ariza: Intra-city parcel delivery in Mexico City typically costs $6
“Look, in Mexico, you usually need to pay six dollars to deliver a package from Mexico City to Mexico City.”
Ivan ArizaDec 29, 2021▶ 2:43Cargamos Does Last Mile Delivery in Mexico, Breaks $12m Revenue, Raising $30m Now
PredictionNot checkable as stated
Ariza: Cargamos aims to reach $1.2M in monthly revenue in December 2021
“Yes, we are trying to break that number and we are hoping to do in December one, 1.2 million dollars per month.”
Ivan ArizaDec 29, 2021▶ 4:08Cargamos Does Last Mile Delivery in Mexico, Breaks $12m Revenue, Raising $30m Now
AssertionNot checkable as stated
Ariza: Cargamos brings in $1M monthly revenue with 28% gross margins
“They are paying us right now, one million dollars. If we break in our unit economic, that number, we're going to see that our numbers, it's more or less in the gross margin. We are taking 28%.”
Ivan ArizaDec 29, 2021▶ 6:50Cargamos Does Last Mile Delivery in Mexico, Breaks $12m Revenue, Raising $30m Now
AssertionNot checkable as stated
Ariza: Courier labor accounts for 60% of Cargamos's monthly revenue
“Last month we paid let me Maybe 60% of that number.”
Ivan ArizaDec 29, 2021▶ 8:48Cargamos Does Last Mile Delivery in Mexico, Breaks $12m Revenue, Raising $30m Now
Disclosure
Ariza: Cargamos has raised $12M to $13M to date
“So until now we are raising close to 12, thirteen million dollars.”
Ivan ArizaDec 29, 2021▶ 9:33Cargamos Does Last Mile Delivery in Mexico, Breaks $12m Revenue, Raising $30m Now
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