Venture Beat's report on the business climate in Latin America, especially in Brazil,would indicate a resounding yes. What piqued our curiosity also has Pepsi, Intel Capital, and JP Morgan interested, as well, as each has investing in e-commerce startups in Latin America. Do you know about Brazil's largest faashion website ... Dafiti? 

The two-year ascent of Dafiti is an extraordinary business accomplishment. 

Available in Brazil, Colombia, Mexico, Chile, and Argentina, Dafiti offers more than 80,000 products spanning 700 brands. Its workforce is 1,200 strong.