On-demand delivery company

portfolio

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

Open an account to get access to the share price

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

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