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.
Rappi is a private company and not publicly traded.
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Rappi is privately held company and is not publicly traded, therefor investing in Rappi pre-IPO is only available to accredited investors. If you meet the accreditation criteria, you can register for Forge’s Secondary Marketplace to invest in private companies before their potential IPO. If you are not an accredited investor, discover how to begin the the process to potentially qualify for new investment opportunities.
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Yes, you can seek to sell shares in Rappi while it remains private. If you are considering selling, you can register today for free to get started. Once registered, a Private Market Specialist will guide you through any questions you might have. You may also continue to browse through our resources to help you understand the implications and procedures involved in selling your private market shares.
Date | Funding Round | Funding Raised | Price per Share | Last Known 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 |