Rappi Stock

rappi.comTransportation / Delivery servicesFounded: 2015Funding to Date: $1.96B

Rappi, founded in 2015, is the developer of a Latin-American based, all-purpose delivery application that aims to be the personal assistant for its users. Rappi's mission is to drive economic development across cities in Latin America by accelerating e-commerce adoption. Rappi is headquartered in Bogotá, Colombia.

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Management Team

Oscar Herrera
Chief Financial Officer
Fernando Cruz
Chief Technology Officer
Juan Pablo Ortega
Sebastian Mejia
Co-Founder, President & Board Member
Ricardo Bechara
Co-Founder & Director of Expansion of Brazil
Luis Bitencourt-Emilio
Chief Products Officer
Simón Borrero
Co-Founder, Chief Executive Officer & Board Member
Caroline Merin
Chief Operating Officer
Felipe Villamarin
Co-Founder & Board Member

Board Members

Justin Wilson
SoftBank Group
Michael Abramson
Simón Borrero
Jeffrey Housenbold
SoftBank Group

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News Highlights

Rappi and R2 to Provide Loans to Restaurants in Mexico and Colombia
Rappi, a Latin American delivery app backed by SoftBank, is partnering with fintech firm R2 to provide $60 million in loans to restaurants in Mexico and Colombia. Restaurants that have been selling via the app for at least three months will be eligible for these loans, which will be repaid through their sales on the app. The program may later expand to other countries where Rappi operates.
Rappi targets big fast-food chains to beat iFood
Rappi, a food delivery app, is negotiating partnerships with large fast-food chains to compete with market leader iFood, according to CEO Felipe Criniti. The move comes as iFood's exclusivity agreements expire in September due to a consent decree with Brazil's antitrust watchdog Cade. Rappi also plans to expand geographically, aiming to operate in 250 Brazilian cities by 2025.
Latin America super app Rappi has big ambitions in travel
Latin American super app Rappi, which has raised over $2 billion in funding and boasts over 30 million users, is expanding its services into the travel sector. The company launched Rappi Travel in 2020, a marketplace offering flights, accommodations, car rentals and packages. Rappi is leveraging data to connect supply partners with the right audience and recently signed a partnership with Marriott to enhance travel offerings for both Marriott Bonvoy members and Rappi users.
Updated on: Sep 24, 2023