Rappi, a Colombian on-demand supply startup, has raised “over” $500 million at a $5.25 billion valuation in a Collection G spherical led by T. Rowe Worth, the corporate introduced late Friday.
Baillie Gifford, Third Level, Octahedron, GIC SoftBank, DST World, Y Combinator, Andreessen Horowitz and Sequoia Capital and others additionally participated within the spherical.
The brand new financing brings Rappi’s whole raised since its 2015 inception to over $2 billion, in keeping with Crunchbase. Right now, the nation has operations in 9 nations and greater than 250 cities throughout Latin America. Its final increase was a $300 million a Collection F funding spherical in September of 2020.
Based on the Latin American Enterprise Capital and Personal Fairness Affiliation (LAVCA), Rappi targeted on delivering drinks and first, and has since expanded into meals, groceries, tech items and medication. The corporate additionally gives a money withdrawal characteristic, permitting customers to pay