Startup profile for Rappi: latest funding, latest known valuation, total disclosed funding, investors, status, sources, and why the company is interesting. Part of the Venture Capital Tracker startup directory.
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Rappi funding, valuation and investors

Latin American super-app for delivery, fintech, and on-demand commerce.

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Funding, valuation & investors

Answer-first snapshot

Latest funding

Series F

$500M · July 2021

Latest known valuation

$5.25B

Series F · July 2021

Total disclosed equity funding

$500M

Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.

Current status

private

growth · Bogotá, Colombia

Investors in latest funding

Other: Andreessen Horowitz , Sequoia

Sources: latest funding Last verified: 2026-07-25

Overview

Rappi operates on-demand delivery of food, groceries, and retail across Latin America, plus RappiPay fintech services. Founded in Bogotá by Simón Borrero, Felipe Villamarin, and Sebastián Mejía (2015). a16z participated from early rounds; $500M Series F (Jul 2021) led by T. Rowe Price at $5.25B with Sequoia, DST, and SoftBank. Expanded across Colombia, Mexico, Brazil, Argentina, Chile, Peru, Uruguay, Ecuador, Costa Rica.

Why Rappi is interesting

Colombia-born unicorn — a16z's first LatAm investment (2016 seed) before $500M Series F (2021) at $5.25B as SoftBank and Sequoia piled into regional delivery wars.

Product & use cases

Rappi app combines restaurant/grocery delivery, courier ('Rappitendero') network, RappiPay digital wallet, and RappiPrime subscriptions across LatAm cities.

  • Food and grocery delivery in LatAm urban centers
  • Peer courier deliveries (Rappi Favor)
  • Digital payments via RappiPay
  • E-commerce marketplace extensions

Key facts

  • Series F (Jul 2021): $500M at $5.25B — TechCrunch
  • a16z first LatAm bet (2016 seed)
  • Operates across 9+ LatAm countries
  • Co-investors not in VCT: SoftBank, DST, T. Rowe Price, GIC

Funding history (newest first)

Series F

2021-07 $500M Valuation: $5.25B

Source: https://techcrunch.com/2021/07/19/colombian-on-demand-delivery-startup-rappi-raises-over-500m-at-a-5-25b-valuation/

Investors in our directory

Funds linked from Rappi's profile — open a fund page for stage focus and related deal articles.

Andreessen Horowitz Sequoia Capital

Competitive landscape

Edge: First-mover super-app brand across multiple LatAm countries with integrated fintech vs single-country rivals.

LatAm delivery remains competitive with thin margins; Rappi's fintech cross-sell aims to improve unit economics. 2021 peak valuation may not reflect post-pandemic normalization.

  • iFood direct

    Brazil delivery leader — Rappi competes in overlapping markets.

  • Uber Eats direct

    Global platform in major LatAm cities.

  • Mercado Libre adjacent

    E-commerce and Mercado Pago fintech overlap.

Notable stories

  • Rappi couriers on motorcycles became iconic across Bogotá and Mexico City — symbol of LatAm gig economy scale.

Industries

Marketplaces Fintech Consumer

FAQs about Rappi

Practical answers founders, operators, and investors typically search for.

Rappi is a Latin American super-app for delivery, couriers, and RappiPay fintech services.
Simón Borrero, Felipe Villamarin, and Sebastián Mejía in Bogotá, 2015.
a16z (/fund/andreessen-horowitz) from early rounds; Sequoia (/fund/sequoia) in later rounds including 2021 Series F.
$5.25B at July 2021 Series F per TechCrunch.
Colombia, Mexico, Brazil, Argentina, Chile, Peru, and other LatAm markets.
Rappi's digital wallet and financial services integrated in the app.
Both compete on delivery; Rappi adds super-app fintech and broader courier services.
a16z's first LatAm investment was Rappi seed circa 2016 per TechCrunch coverage.
Private; LatAm delivery unit economics vary by city — not publicly profitable as of verified sources.
Over $2B total including $500M Series F; see Crunchbase for full history.
Website All startups Funding news

By Venture Capital Tracker

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Editorial note: AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.