Rappi is all-purpose delivery marketplace that connects users who want to purchase prepared foods, groceries, clothes, and virtually anything with independent contractors who can fulfill those needs.

Rappi is one of the first Latin American unicorns and a start-up that continues to focus on growing and making life easier for our users.

Rappi was founded in Jun 1, 2015 by Felipe Villamarin, Sebastian Mejia and Simon Borrero. The company is headquartered Bogota, Colombia, with presence in 9 countries and more than 200 cities.

 

Rappi allows customers to buy products and services and receive home delivery. It intitially focused on delivering beverages, and has since expanded into meals, groceries, tech goods and medicine.

 

Rappi also offers a cash withdrawal feature, allowing users to pay with credit cards and then receive cash from one of Rappi’s delivery agents. In addition, the application has a virtual wallet, RappiPayTM, where users can make P2P transfers and payments.

 

Rappi has an average of more than 10 million active users monthly, providing deliveries for almost 100,000 businesses in LatAm, including over 13 million deliveries in Colombia alone.

 

Rappi is backed by DST Global, SoftBank, Sequoia, Andreessen Horowitz, T. Rowe Price, Baillie Gifford, GIC, Delivery Hero, Endeavor Catalyst, Redpoint eventures, and others. The company raised $500M in Series F round on Jul 16, 2021. This brings Rappi's total funding to $2.2B to date. The new round pushed the company's valuation to $5.25B, from the previous $3.5B gained from a financing raised in Sep 2020.

 

 

  • Year founded: 2015
  • Funding Info: $2.2B over 12 Rounds (Latest Funding Type: Series F)
  • Yearly Revenue: NA
  • Employee Size: 1,001-5,000
  • Business Valuation: Valued at $5.25B as of July 16, 2021
  • City/Town: Bogota
  • State: Distrito Especial
  • Country: Colombia
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