Delivery app Rappi becomes latest Latin tech unicorn

Launch began shipping Lapy reached an estimated market value of $ 1.1 billion and became the last state-of-the-art startup funded in Latin America.

The company develops applications that enable all on-demand delivery, from supermarket products to pharmacy supplies. In late August led by DST Global, the previous investors Sequoia Capital and Andrey Sen Horowitz participated and raised $ 220 million during the final round of financing.

With the latest financing, the company in Colombia, founded in 2015, has become a level of unicorns representing startups worth more than $ 1 billion.

Rappi started operations in Sao Paulo based in Brazil in August 2017. Since then, it has expanded to Rio de Janeiro, Porto Alegre, Belo Horizonte.

The company also has offices in Argentina, Mexico, Uruguay and Chile and has more than 30,000 letters.

© Zdnet

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