E-commerce, nearshoring key drivers for Mexican startups as funding trickles back

FILE PHOTO: Mexican pesos are seen in this picture illustration August 3, 2017. REUTERS/Edgard Garrido/Illustration

MEXICO CITY (Reuters) - Executives from Mexico's start-up sector say it should receive a boost in coming months, particularly in e-commerce and logistics related to nearshoring, as inflation eases and interest-rate cuts loom on the horizon.

"We're going to start seeing two big waves of growth" in Mexican startups, said Eric Perez-Grovas, co-founder of venture capital fund Wollef, in an interview, adding an earlier slowdown in financing activity was starting to reverse.