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.

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Will Rappi go IPO?

Rappi has not yet filed for an IPO. However, it’s important to note that IPOs are not the sole avenue for a private company to transition to public trading. Private companies can also go public through alternative methods such as but limited to Special Purpose Acquisition Companies (SPACs), direct listings, or mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2024.

What is Rappi’s IPO price?

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When was Rappi founded?

Rappi was founded in 2015.

What is Rappi funding to date?

Rappi has raised $5.87B to date.

Who are Rappi’s major investors?

Delivery Hero
Andreessen Horowitz
Third Point
Octahedron Capital
Y Combinator
Quiet Capital
Foundation Capital
Tiger Global Management
Floodgate Fund
Baillie Gifford
Sequoia Capital
Octahedron
Burch Creative Capital
T. Rowe Price
Third Point Ventures
Catapult Vc
Onevc
Gic
Softbank
Softbank Group
Dst Global
Endeavor Catalyst

Rappi Funding Rounds and Valuation

Funding History Chart
Funding Round Details
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
Updated on: Dec 17, 2024

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