Rappi

Rappi

Three-sided marketplace for on-demand deliveries

Overview

Rappi is a Latin American on-demand multi-service super-app that connects consumers, couriers, and partner merchants across restaurants, groceries, pharmacies, and retailers. Users place orders in the app, couriers pick up items from partners and deliver, and revenue comes from merchant commissions, delivery fees, a subscription model (Rappi Prime), and in-app advertising. It stands out with a wide geographic footprint (nine countries, 400+ cities), a broad set of verticals (including Rappi Antojo and Rappi Turbo), and fintech offerings like RappiPay and RappiCard that expand digital wallets and credit access. The goal is to be a single platform for everyday needs across Latin America while increasing financial inclusion and merchant reach through its marketplace and fintech services.

YC Company

About Rappi

Simplify's Rating
Why Rappi is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Consumer Software

Fintech

Company Size

10,001+

Company Stage

N/A

Total Funding

$2.3B

Headquarters

Bogotá, Colombia

Founded

2015

Simplify Jobs

Simplify's Take

What believers are saying

  • Amazon's $25M investment provides logistics and cloud resources.
  • Fountain9 acquisition boosts AI for TURBO supply chain optimization.
  • $100M Kirkoswald-Santander debt fuels expansion without equity dilution.

What critics are saying

  • iFood seizes 70% Brazil share via exclusive deals, eroding Rappi's 20%.
  • MercadoLibre captures grocery delivery in Brazil, Mexico with lower fees.
  • Colombian ANT reclassifies Rappitenderos as employees, imposing $200M backpay.

What makes Rappi unique

  • RappiPay and RappiCard target unbanked LatAm with fintech wallets.
  • Rappi Antojo delivers virtually anything, pioneering super-app cravings.
  • Rappi Turbo guarantees under-15-minute ultra-fast deliveries.

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Funding

Total Funding

$2.3B

Above

Industry Average

Funded Over

13 Rounds

Convertible funding comparison data is currently unavailable. We're working to provide this information soon!
Convertible Funding Comparison
Coming Soon

Benefits

Remote Work Options

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Bloomberg Law
Sep 8th, 2025
Amazon Invests $25M in Rappi

Amazon.com Inc. has acquired a stake in Colombian delivery company Rappi Inc. through a $25 million convertible note. This strategic partnership combines Amazon's retail and technology infrastructure with Rappi's last-mile delivery network in Latin America. The collaboration aims to enhance Amazon's competitive edge against regional e-commerce leader MercadoLibre Inc., while offering Rappi access to Amazon's logistics and cloud-computing resources.

AstroPay
Aug 28th, 2025
Pay in Rappi with your AstroPay Wallet

AstroPay Corporation LLP has teamed up with Rappi to launch this super-app wallet-on-file integration.

LATAM Airlines
Aug 21st, 2025
Rappi secures $100M debt financing, its largest credit deal to date

Rappi closed a $100M in debt from Kirkoswald Private Credit and Banco Santander, marking the largest debt financing in the company's history.

Bloomberg Law
Aug 20th, 2025
Rappi Secures $100 Million Loan From Santander, Private Credit

Rappi Inc., one of Latin America’s most valuable startups, secured a $100 million loan from Banco Santander and Kirkoswald Capital Partners, marking its largest debt financing since the Colombian delivery startup’s founding a decade ago.

Google
Aug 20th, 2025
Rappi Secures $100M Loan from Santander

Rappi has secured a $100 million loan from Santander and private credit sources, as reported by Bloomberg.com.

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