Raising — $150MSeries C PlusVetted

Rappi Demo.

Everything you need, in minutes — Latin America's super-app for on-demand commerce.

Bogotá, Colombiarappi.comFounded 2015

About this startup

What we're building

Rappi started in 2015 as a grocery-delivery app in Bogotá and grew into Latin America's largest on-demand platform. Today, a single tap connects 30M+ users with restaurants, supermarkets, pharmacies and financial services across 9 countries.

B2CB2B2CE-commerceFoodtechLogistics

Team

Founders & leadership

Simón Borrero

Co-founder & CEO

Industrial designer; previously co-founded Imaginamos.

Sebastián Mejía

Co-founder & President

Led international expansion across México, Brazil and the Southern Cone.

Cap table

Backed by

ELE2E Lead FundInvestorLead2021 – presenteEAE2E AcceleratorAccelerator2022–2023SVSoftBank Vision FundInvestorLead DGDST GlobalInvestorLead SCSequoia CapitalInvestor AHAndreessen HorowitzInvestor YCY CombinatorAccelerator TRT. Rowe PriceInvestor

Current round

Now raising

Series G — Bridge

Open

Co-lead committed — seeking participation

Round size: $150M
Valuation cap: $4.8B
Min ticket: $5M
Target close: Q3 2026

Series G — Bridge. Co-lead committed, seeking participation.

Use of funds

Product & engineering: expand Turbo dark-store network to 50 new cities
Fintech growth: scale RappiPay credit book across México and Colombia
Market expansion: enter Panamá and República Dominicana

Product

See it in motion

Sub-30-min delivery

Rappi Turbo leverages a network of strategically placed dark stores to guarantee grocery and convenience delivery in under 30 minutes — or your order is free.

Fintech-native

RappiPay, RappiCredits, and the Rappi card turn every purchase into a financial touchpoint — serving 5M+ users with credit, savings, and instant transfers.

9 countries, one platform

A single unified tech stack powers localized experiences across Colombia, México, Brasil, Argentina, Chile, Perú, Ecuador, Uruguay, and Costa Rica.

Traction

By the numbers

Monthly active users: 30M++24% YoY

Gross merchandise value: $3.8B+31% YoY

Active couriers: 200K+18% YoY

Partner merchants: 200K+12% YoY

Avg delivery time: 27 min−14% YoY

Take rate: 18.4%+1.2pp YoY

Milestones

The journey so far

2015
Founded in Bogotá as a grocery-delivery startup; first 100 orders in Week 1.
2016
Raised $4M seed. Expanded to Medellín and launched restaurant delivery.
2017
Series A ($53M). Entered México and Brazil; reached 1M monthly users.
2018
Series C ($200M led by SoftBank). Launched RappiPay and RappiCredits fintech products.
2019
Unicorn status at $3.5B valuation. Expanded to 9 countries across LATAM.
2021
Series F ($500M). Launched Rappi Turbo — sub-10-minute grocery delivery in dark stores.
2025
30M MAUs, $3.8B GMV, profitability in 6 markets. Opening Series G Bridge round.

Press

In the news

Bloomberg

Rappi Reaches Profitability in Six Markets as Latin America's Super-App Matures

Mar 2025

TechCrunch

Rappi's Fintech Arm Hits 5M Users, Signaling the Rise of Embedded Finance in LATAM

Jan 2025

The Information

How Rappi Outmaneuvered iFood and Cornered Colombia and Mexico

Nov 2024

Reuters

Rappi Eyes IPO as Revenue Grows 40% Year-on-Year

Sep 2024

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