Tiger Global backs Favo, which is building an easier way for Latin Americans to order groceries online Favo
, a Brazilian social commerce platform, closed on $26.5 million in Series A funding to continue developing its app that takes grocery orders through local social networks. Tiger Global Management led the round, with existing investors GFC, Elevar Equity, Kevin Efrusy, David Velez, FJ Labs and H2O participating. The latest round gives the company about $37 million in total funding since the company was started in 2019 by Alejandro Ponce and Marina Proença. Families in Brazil spend, on average, $118 a month on food. According to IBGE data, they spend up to 22% of their budget on groceries. Favo enables under-employed entrepreneurs to create new income streams through steady sales commissions from their own local network. People order groceries through the Favo app, and the logistics system fills the order and arranges delivery, in bulk, to the entrepreneur the next day. The entrepreneur completes the last-mile delivery. Ponce was previously the founder of another company, but felt he was not fulfilling his purpose. He was introduced to “ikigai,” the Japanese concept for finding your purpose, which he explained says to do what you love and what keeps you going. When he learned about social commerce from a friend, he traveled to China in 2019 to see it firsthand. “I came back and knew that this is what I wanted to build,” Ponce said. He met Proença, who has a marketing and user experience background. They bonded over their humble beginnings and set out to build a company for families just like theirs that would bring e-commerce to all consumers across Latin America, not just for the wealthy. “We are creating a new class of entrepreneurs,” he added. “We empower unemployed people, mainly moms, with technology and logistics to become owners and generate extra income for households. This could be one of the largest e-commerce platforms in LatAm because we are democratizing it.” Story continues By having entrepreneurs be the contacts for the shoppers, Proença said Favo is removing the lack of trust for buying groceries online, which included the fear of not receiving their goods because they didn’t have a human to talk to. It also doesn’t cost entrepreneurs any money to work with Favo. “Many direct sales organizations force people to buy things, but in our case, they don’t have to do anything,” Ponce said. “Latin America is 20 years behind the United States, and in most cases, we are the first-time introduction a client has to e-commerce in their lives.” Favo launched in Peru in 2020 and then Brazil. The co-founders plan to focus the new funding on logistics and fulfillment operations, as well as expansion in Brazil and into Mexico. Ponce expects to be in 20 cities in the following months. The company is working with 160,000 buyers and seeing revenue increase 30% month over month. Buyers can choose from over 3,000 products that are delivered to them within 24 hours. Meanwhile, Ponce said Favo partnered with this round of investors because they are known for helping with expansion. He added that Tiger Global has already helped put the company on the right path. "Favo's innovative social commerce business model and rapidly growing logistics platform are transformative developments for the purchase and distribution of goods in Latin America,” said Griffin Schroeder, partner at Tiger Global Management, in a written statement. “We are excited to support Favo's mission to democratize e-commerce and to partner with Alejandro and Marina as they quickly expand across new markets."
Dr. Jart+'s Cicapair Tiger Grass Sleepair Intensive Mask Is Like a Blanket for My Face
I have a confession: I've completely fallen off of doing a proper nightly skin-care routine. Much of it has to do with what seems like a pandemic-induced elimination of time. Hours and days just blur together. Thankfully, this year's Best of Beauty Award testing gave me plenty of incentives to get my schedule and skin back in shape. Through the sea of products that I put to work, a gem emerged to meet my ongoing skin woes: Dr. Jart+'s Tiger Grass Sleepair Intensive Mask. Before diving into what makes this mask so great, and why I love it — let me first give you a very brief history of my nightly skin-care routine. I wash my face, slather on face oil, and go to bed. That's it. End of story. However, over the years as my skin needs have evolved, I've slowly added steps and products to the to-dos. I'll stick on pimple patches when needed, try retinol serums, eye creams, lip treatments, you name it. I've found that what I'm able to stick to most consistently are multitasking products — and Dr. Jart+'s Tiger Grass Sleepair Intensive Mask has been a pleasant cure-all for my ongoing skin concerns. The universal thread that remains a constant is my skin's desire for moisture — and this is one of the biggest benefits of this new addition to Dr. Jart+'s Cicapair collection. The sleep mask looks to star ingredient tiger grass, also known as cica or Centella asiatica — a leafy green herb that has used for centuries for its regenerative powers — to attract moisture to the skin and deeply soothe irritation. Board-certified dermatologist Shari Marchbein, who is based in New York City previous explained to Allure that cica not only helps brighten skin, but also increases hydration in the top layer. "Cica boosts circulation and blood flow to the skin, decreases moisture loss, and aids in cellular repair," she says. "Skin, therefore, appears more hydrated and less inflamed." This formula in particular also contains moisturizing glycerin and skin-smoothing niacinamide to add an extra layer of nourishment. Story continues At first swipe, I was a bit hesitant. My mom used to coat my face in petroleum jelly as a child and I instantly had flashbacks to five-year-old me glistening to the Gods then nearly sliding out of my seat in school because I was covered in the stuff. This mask has a similar jelly-like viscosity, except it's not as thick, nor is it too liquidy. It's also not wet like a gel moisturizer. Instead, the mask coats skin in what feels like a protective, moisturizing barrier. Courtesy of Nykia Spradley for Allure I washed my face with the Elemis Superfood Face Wash, and then applied the mask. I intentionally slathered it on about 45 minutes before bed so that I could see how it felt. My skin instantly felt soothed. I imagine this to be a dream for sunburned or irritated skin. It was like a veil of calm coating my skin. Before I laid down the slickness of the mask had dissipated a bit, but a layer of the jelly was still very visible on my face. In the morning, I was surprised that it hadn't all rubbed off onto my pillow. I could still feel a thin layer of the moisturizer present, but it wasn't sticky. I rinsed my face with warm water – rubbing of the excess — and honestly, I didn't even need to apply another layer of moisturizer. Mornings when I'll actually be heading outside, all I'll need to add is a facial sunscreen, and then be on my way. $39.00, Pick up your own Dr. Jart+'s Cicapair Tiger Grass Sleepair Intensive Mask now for $39 at sephora.com. And while you're here, be sure to check out all of this year's Best of Beauty 2021 Award Winners. Looking for more Best of Beauty products to shop? We've got you covered. Now, watch Hyram Yarbo's gets ready for the day with this quick skin and hair routine. Don't forget to follow Allure on Instagram and Twitter, or subscribe to Allure's newsletter for daily beauty stories delivered right to your inbox. Originally Appeared on Allure
Endangered Sumatran tiger dies at Washington zoo after suffering severe injuries during breeding
introduction
An endangered female Sumatran tiger died at a zoo in Washington state on Monday after suffering severe injuries during a breeding introduction with a potential mate, zoo officials said. Kirana, a 6-year-old Sumatran tiger at the Point Defiance Zoo and Aquarium in Tacoma, suffered life-threatening injuries on Friday after being introduced to the zoo’s 2-year-old male Sumatran tiger, Raja, as part of a breeding plan to help save the endangered species, the zoo said. AMERICAN BUMBLEBEE COULD SOON BE DECLARED ENDANGERED "When tigers breed, it’s natural for them to spar with each other and there is typically some level of aggression," said Dr. Karen Goodrowe, the zoo’s general curator. "This level of aggression was far beyond what we would expect with tiger introductions." The zoo introduced four Sumatran tiger pairs since 2010 and none of those previous pairings resulted in tiger death of serious injury, Goodrow said. She called Kirana’s death "heartbreaking," saying that staff had approached the pairing of Kirana and Raja "slowly and carefully" over many months. US OFFICIALS SAY IVORY-BILLED WOODPECKER, OVER 20 OTHER SPECIES EXTINCT The two tigers had been kept physically separated by a mesh door while still being able to see and smell each other to develop familiarity, the zoo said. Once both tigers showed signs they were comfortable with each other, keepers removed the mesh door and allowed the pair to meet. After witnessing Kirana in distress, the zoo said that keepers quickly separated the two tigers and addressed her injuries. Despite Kirana’s health appearing to improve on Sunday, the endangered tiger died the following day, the zoo’s head veterinarian Dr. Karen Wolf said. A necropsy confirmed Kirana suffered substantial trauma from injuries and bacterial infection. "The loss of Kirana is a tragedy for our zoo family, our community, and our world," said Point Defiance Zoo Director Alan Varsik. "With just a few Sumatran tigers left on this earth, we need to do everything we possibly can to help them survive." There are an estimated 400 Sumatran tigers left in the wild on the Indonesian island of Sumatra, according to the zoo, with only 77 of the endangered animals residing in North American zoos. In addition to Raja, there are three other Sumatran tigers living in the Point Defiance Zoo and Aquarium’s Asian Forest Sanctuary: Bandar, 8, Kali, 8, and Indah, 6.