On-demand delivery company

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About the company

Rappi is a marketplace that provides online delivery services. It connects consumers who want to purchase goods with independent contractors who can fulfil those needs.

Valuation

$5.25B

Country

Colombia

Founded

2015

Lead investors

Sequoia Capital

Andreessen Horowitz

Y Combinator

Business highlights

1

The exclusive partnerships with 7-Eleven, Dairy Queen, Shake Shack, and others have aided Rappi's grip on the Mexican market.

2

The company also offers a cash withdrawal feature, allowing users to pay with credit cards and receive cash from one of Rappi's delivery agents.

3

In July 2021, Rappi launched a Visa credit card program for Brazilian users, including the RappiPrime Infinite and no-fee RappiGold, which offer a minimum of 3% cashback on Rappi purchases or at least 1% with other merchants. Rappi also intends to grow financial services in other markets.

Funding rounds

urap graph

Management

CEO

Simón Borrero

CFO

Oscar Herrera

CTO

Fernando Cruz

Deal terms

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Company tags:
E-Commerce Late stage
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Last updated:
29 April 2022

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