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Who Created and Where was Mercado Libre Created? Which Countries Have a Free Market at Present?

30 de July de 2021

We have many platforms and tools that the internet offers us today to carry out the tasks of daily life more easily. For example, to buy and sell products, we have hundreds of platforms. Of course, very few have had the success of Mercado Libre. If you want to learn more about this platform, keep reading and discover who created Mercado Libre and where was it created, and which countries currently have it.

Selling and buying different products is something of our day to day, and what better way than to do it on a platform with excellent quality and efficient service. Sure, to get the most out of it, it’s worth it investigate a little more about its origins. That is why, below, we show you what was the origin of Mercado Libre and where it is available today.

Who created and where was Mercado Libre created?

Today’s technological tools are a great help for everyone, because they make our daily life much easier. Of course, although we always want to use them in the best way, we rarely ask ourselves what are their origins and how did they get to where they are now.

The truth is that there is much to learn from its past, and Mercado Libre is no exception. When selling products in Mercado Libre for the first time, or perhaps when buying in said platform, we have surely been able to notice the quality and efficiency of it. This is undoubtedly thanks to dedicated people who strive to improve it every day.

Free market It was created by the Argentine businessman Marcos Galperín in 1999, around the time he was still studying for his MBA at Stanford University Business School. As of the year 2000, the platform received more than 46 million dollars of investment from various financial groups.

His success is immense, as he was one of the survivors of the famous “Internet bubble”, which in a particularly difficult time for different companies, many of which even went bankrupt in a short time. Despite everything, shopping at Mercado Libre is common today, which is undoubtedly a great success for its founders.

In which countries is Mercado Libre available?

We have already made it clear that Mercado Libre had an immense boom, and that to this day it is considered one of the most prosperous companies in the world. A clear proof of its success is undoubtedly the number of countries in which it is available.

In the same year of its creation, it was decided to expand the company to countries like Mexico, Brazil and Uruguay. Later, in 2000, the company expanded to countries such as Venezuela, Chile, Ecuador, Peru, and Colombia. Since 2011, with eBay being the main shareholder of Mercado Libre, the company was able to grow exponentially.

Today Free Market is available in 18 Latin American countries, in addition to Portugal, where it is known as “Mercado Livre”. Mercado Libre’s excellent help section offers services to all the countries where it is located, which are: Venezuela, Dominican Republic, Bolivia, Brazil, Chile, Colombia, Ecuador, Costa Rica, El Salvador, Honduras, Nicaragua, Panama, Mexico, Guatemala, Peru, Uruguay, Paraguay and Argentina.

man making online payment with laptop

It is true that it faced certain demands and difficulties while starting, but it rose from all these and has managed, with the help of its investors and developers, to position itself as the best online market in all of Latin America.

By 2014, it already had more than 120 million employees and the platform is the main source of income for millions of people throughout Latin America. It has an excellent service that allows us to buy and sell everything we want safely and efficiently.

In addition, it allows us to interact in an excellent way thanks to its comment system in the publications and the option to qualify sellers. We highly recommend that you encourage yourself to use Free market, and we hope that this information can be of use to you when using this great platform.