Rappi is one of Latin America’s largest on-demand delivery and consumer technology platforms. Operating across food delivery, grocery, pharmacy, courier, and lifestyle services, it provides a seamless digital marketplace for millions of customers. The platform integrates real-time logistics with an expanding ecosystem that includes payments, financial services, and partnerships with retailers and restaurants. With operations across multiple Latin American countries, Rappi has become a leading super-app powering last-mile delivery, instant commerce, and digital convenience.
What Is Rappi and What Does It Do?
Rappi, founded in 2015 in Bogotá, Colombia, is a consumer technology and online delivery company providing on-demand services across food, grocery, pharmacy products, and everyday essentials. The company was established by Felipe Villamarin, Juan Pablo Ortega, Sebastian Mejia, and Simon Borrero.
Rappi offers end-to-end delivery through its marketplace, connecting users with independent couriers and merchants. Features include food delivery, express grocery, medicine delivery, cash-outs, and lifestyle services.
Rappi employs between 1001-5000 employees. The platform is now one of the fastest-growing super-apps in Latin America, expanding into financial services, rapid commerce, and premium membership programs.
How Much Funding Has Rappi Raised?
1. Series F
- Amount Raised: $300M
- Motivation: Expand service lines and advance technological capabilities.
2. Series F
- Amount Raised: $500M
- Lead Investors: T. Rowe Price
- Valuation at Round: $5.25B
- Motivation: Expand into new markets and strengthen logistics.
3. Secondary Market
- Amount Raised: $900K
- Motivation: Provide liquidity to stakeholders.
4. Secondary Market
- Amount Raised: $150M
- Motivation: Provide liquidity to early investors and employees.
5. Series F
- Amount Raised: $108.6M
- Motivation: Accelerate regional growth.
Total Funding Raised: $1.0595 Billion
Current Valuation: $5.25 Billion (as of July 2021)
Latest Funding Date: September, 2022
Key Investors
1. T. Rowe Price
- Details: Global investment management firm with a diversified portfolio across industries.
- Investment Focus Areas: Technology, consumer tech, global growth.
- Notable Investments: Tesla, Zoom, Airbnb.
2. Baillie Gifford
- Details: Long-term growth investor focusing on innovation-driven companies.
- Investment Focus Areas: Technology, fintech, consumer internet.
- Notable Investments: Shopify, SpaceX, ByteDance.
3. Third Point
- Details: New York-based hedge fund known for activist and event-driven strategies.
- Investment Focus Areas: Public equities, technology, diversified assets.
- Notable Investments: Intel, Sony, Upstart.
4. GIC
- Details: Singapore’s sovereign wealth fund investing across public and private assets globally.
- Investment Focus Areas: Technology, logistics, e-commerce, infrastructure.
- Notable Investments: Ant Group, DoorDash, Grab.
5. SoftBank
- Details: Multinational conglomerate and major technology investor.
- Investment Focus Areas: Technology, mobility, e-commerce.
- Notable Investments: Uber, WeWork, Coupang.
Where Is Rappi’s Headquarters?
Rappi is headquartered in Bogotá, Colombia. Operating from one of Latin America’s fastest-growing tech hubs allows Rappi to tap into regional engineering talent, build operational density in major cities, and expand rapidly across several Latin American markets.
What’s Next for Rappi?
Rappi is expanding aggressively into financial services, ultra-fast delivery, and digital commerce. With operations in over 250 cities across nine countries, the company aims to strengthen its super-app ecosystem through fintech integrations, loyalty programs, and expanded retail partnerships. While competition and regulatory challenges remain, Rappi’s strong investor backing and growing user base position it well for future scaling across Latin America.
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