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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Who are Rappi's major investors?

Sequoia Capital
Tiger Global Management
Andreessen Horowitz
Y Combinator
T. Rowe Price
Third Point Ventures
Octahedron Capital
Catapult VC
Quiet Capital
SoftBank Group

Rappi Funding Rounds and IPO Valuation

Date Funding Round Funding Raised Price per Share IPO Valuation
7/21/2021 Series F $496.1MM raised $XXX.XX $XXX.XX
9/24/2020 Series E $328.07MM raised $XXX.XX $XXX.XX
4/30/2019 Series D $710MM raised $XXX.XX $XXX.XX
8/31/2018 Series C $218.21MM raised $XXX.XX $XXX.XX
1/2/2018 Series B $183.32MM raised $XXX.XX $XXX.XX
1/6/2016 Series A-1, A-2, A-3, A-4, A-5, A-6, and A-7 $21.17MM raised $XXX.XX $XXX.XX
Based on primary financings
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What is Rappi funding to date?

Rappi has raised $1.96B with the following series:
$21.17MM raised for Series A-1, A-2, A-3, A-4, A-5, A-6, and A-7,$183.32MM raised for Series B,$218.21MM raised for Series C,$710MM raised for Series D,$328.07MM raised for Series E,$496.1MM raised for Series F.
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When was Rappi founded?

Rappi was founded in 2015.
Updated on: Jun 10, 2022