
Total amount raised
$2.5 Billions
Latest funding date

Location
Rappi has successfully raised significant funding through multiple rounds, attracting a diverse group of investors. The platform offers a wide range of services, including food delivery, grocery shopping, and other on-demand services.
Keep reading to explore the intricacies of Rappi's fundraising journey and the investors backing this innovative platform.
What Is Rappi?
Rappi, founded in 2015 in Bogotá, Colombia, is a consumer tech company specializing in online delivery services. The platform connects users with independent contractors to fulfill various needs, from food and grocery delivery to pharmacy items.
The company was established by Felipe Villamarin, Juan Pablo Ortega, Sebastian Mejia, and Simon Borrero. Rappi has grown significantly since its inception, now employing between 1001 and 5000 people.
Rappi operates in multiple countries, offering a seamless platform for ordering food, groceries, and other essentials. The service aims to make everyday tasks more convenient for its users.
How Much Funding Has Rappi Raised?
- Round Name: Secondary Market
- Amount Raised: Not publicly disclosed
- Date: Oct 1, 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Likely aimed at providing liquidity to early investors and employees.
- Round Name: Series F
- Amount Raised: $300M
- Date: Sep 24, 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand service offerings and enhance technological capabilities.
- Round Name: Venture Round
- Amount Raised: Not publicly disclosed
- Date: Nov 25, 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Likely to support operational scaling and market expansion.
- Round Name: Series F
- Amount Raised: $500M
- Date: Jul 16, 2021
- Lead Investors: T. Rowe Price
- Valuation at Round: $5.25B
- Motivation Behind the Round: To fuel growth and expand into new markets.
- Round Name: Private Equity Round
- Amount Raised: Not publicly disclosed
- Date: Sep 30, 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Likely to enhance service offerings and operational efficiency.
- Round Name: Secondary Market
- Amount Raised: $900K
- Date: Dec 10, 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Round Name: Secondary Market
- Amount Raised: $150M
- Date: Jan 11, 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Round Name: Series F
- Amount Raised: Not publicly disclosed
- Date: Feb 20, 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Likely to support operational scaling and market expansion.
- Round Name: Series F
- Amount Raised: $108.6M
- Date: Sep 1, 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel growth and expand into new markets.
- Round Name: Secondary Market
- Amount Raised: Not publicly disclosed
- Date: Sep 30, 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
Rappi has raised a total of $1.0595B with a current valuation of $5.25B.
Key Investors
- T. Rowe Price
- Details: T. Rowe Price is a global investment management firm headquartered in Baltimore, Maryland. It offers a broad range of mutual funds, subadvisory services, and separate account management for individual and institutional investors.
- Investment Focus Areas: Broad investment management across various sectors.
- Notable Investments: Not publicly disclosed.
- Baillie Gifford
- Details: Baillie Gifford is an investment management firm based in Edinburgh, Scotland. It is known for its long-term growth investments, often in technology and innovation sectors.
- Investment Focus Areas: Technology, innovation, long-term growth.
- Notable Investments: Not publicly disclosed.
- Third Point
- Details: Third Point is a New York-based hedge fund founded by Daniel S. Loeb. The firm is known for its activist investing and event-driven strategies.
- Investment Focus Areas: Activist investing, event-driven, value investing.
- Notable Investments: Not publicly disclosed.
- GIC
- Details: GIC is a sovereign wealth fund established by the Government of Singapore. It manages Singapore's foreign reserves and invests globally across various asset classes.
- Investment Focus Areas: Diversified investments, global asset classes.
- Notable Investments: Not publicly disclosed.
- SoftBank
- Details: SoftBank is a Japanese multinational conglomerate holding company. It focuses on technology, telecommunications, and internet sectors.
- Investment Focus Areas: Technology, telecommunications, internet.
- Notable Investments: Not publicly disclosed.
What's Next for Rappi?
Rappi's future looks promising as it continues to expand into new markets and services, including financial services and custom delivery options. With operations in nine countries and over 250 cities across Latin America, the company is well-positioned to leverage its extensive network to offer a wide range of products and services, from groceries to tech goods and medicine.
Given its rapid expansion and substantial backing from prominent investors like T. Rowe Price, SoftBank, and Sequoia Capital, Rappi is poised for future fundraising rounds. However, the company may face challenges such as competition from other on-demand delivery services, operational hurdles, and economic and regulatory issues in different countries. Despite these challenges, Rappi's continuous innovation and expansion into new services could attract further investment and drive its growth trajectory.
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