Rappi was founded in 2015 by Felipe Villamarin, Sebastian Mejia, Juan Pablo Ortega, Ricardo Bechara, and Simon Borrero. In 2021, Ortega told reporters that “we plan to IPO in the U.S next year,” though the company released a statement to clarify that this comment may not reflect Rappi's official position and "no conversations or external actions have been initiated regarding an eventual IPO for Rappi." These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Rappi is a Colombian delivery company that currently operates in nine Latin American countries. The company has also partnered with Visa in order to develop a suite of digital banking solutions. Rappi has acquired Payit and Avocado. The company has raised more than $2 billion in venture capital funding from investors including SoftBank Capital, Sequoia Capital, Delivery Hero SE, Y Combinator, T. Rowe Price, Third Point Ventures, and Andreessen Horowitz. The company was valued at $5.25 billion in 2021.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
07/21/2021 | Series F | $496.1MM | $xx.xx | $5.25B | Baillie Gifford, Gic, Octahedron, Softbank, Third Point, T. Rowe Price | |
Price per Share
$xx.xx
Shares Outstanding
7,700,646
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Baillie Gifford, Gic, Octahedron, Softbank, Third Point, T. Rowe Price
|
||||||
09/24/2020 | Series E | $328.07MM | $xx.xx | $3.8B | Andreessen Horowitz, Delivery Hero, Dst Global, Sequoia Capital, T. Rowe Price, Y Combinator | |
Price per Share
$xx.xx
Shares Outstanding
5,491,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Andreessen Horowitz, Delivery Hero, Dst Global, Sequoia Capital, T. Rowe Price, Y Combinator
|
||||||
04/30/2019 | Series D | $710MM | $xx.xx | $3.12B | Dst Global, Softbank, Y Combinator | |
Price per Share
$xx.xx
Shares Outstanding
13,636,857
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Dst Global, Softbank, Y Combinator
|
||||||
08/31/2018 | Series C | $218.21MM | $xx.xx | $1.45B | Dst Global, Endeavor Catalyst, Onevc | |
Price per Share
$xx.xx
Shares Outstanding
9,030,073
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Dst Global, Endeavor Catalyst, Onevc
|
||||||
01/02/2018 | Series B | $183.32MM | $xx.xx | $971.97MM | Delivery Hero, Endeavor Catalyst, Foundation Capital | |
Price per Share
$xx.xx
Shares Outstanding
11,299,073
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Delivery Hero, Endeavor Catalyst, Foundation Capital
|
||||||
01/06/2016 | Series A-1 | $6.72MM | $xx.xx | $338.84MM | Burch Creative Capital, Floodgate Fund, Onevc | |
Price per Share
$xx.xx
Shares Outstanding
7,045,372
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Burch Creative Capital, Floodgate Fund, Onevc
|
||||||
01/06/2016 | Series A-2 | $99,999.62 | $xx.xx | $338.84MM | Burch Creative Capital, Floodgate Fund, Onevc | |
Price per Share
$xx.xx
Shares Outstanding
113,707
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Burch Creative Capital, Floodgate Fund, Onevc
|
||||||
01/06/2016 | Series A-3 | $3.25MM | $xx.xx | $338.84MM | Burch Creative Capital, Floodgate Fund, Onevc | |
Price per Share
$xx.xx
Shares Outstanding
1,637,508
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Burch Creative Capital, Floodgate Fund, Onevc
|
||||||
01/06/2016 | Series A-4 | $388,539.88 | $xx.xx | $338.84MM | Burch Creative Capital, Floodgate Fund, Onevc | |
Price per Share
$xx.xx
Shares Outstanding
177,986
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Burch Creative Capital, Floodgate Fund, Onevc
|
||||||
01/06/2016 | Series A-5 | $6.24MM | $xx.xx | $338.84MM | Burch Creative Capital, Floodgate Fund, Onevc | |
Price per Share
$xx.xx
Shares Outstanding
2,517,474
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Burch Creative Capital, Floodgate Fund, Onevc
|
||||||
01/06/2016 | Series A-6 | $1.47MM | $xx.xx | $338.84MM | Burch Creative Capital, Floodgate Fund, Onevc | |
Price per Share
$xx.xx
Shares Outstanding
493,551
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Burch Creative Capital, Floodgate Fund, Onevc
|
||||||
01/06/2016 | Series A-7 | $3MM | $xx.xx | $338.84MM | Burch Creative Capital, Floodgate Fund, Onevc | |
Price per Share
$xx.xx
Shares Outstanding
530,418
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Burch Creative Capital, Floodgate Fund, Onevc
|