Rappi

Rappi is a pioneering multi-vertical on-demand delivery platform based in Latin America, connecting consumers, merchants, and delivery couriers through its innovative mobile app. Founded in 2015, Rappi has transformed from a convenience store delivery service into a comprehensive super-app, offering a wide range of services including food delivery, digital payments through RappiPay, travel bookings via RappiTravel, and subscription benefits with RappiPrime. With over 5.5 million monthly active users across 9 countries and 100+ cities, Rappi generated an impressive $856 million in revenue in 2023, marking a 37% growth from the previous year.

What sets Rappi apart from its competitors is its unique ability to operate with significantly lower delivery costs—just 10% of gross merchandise value (GMV)—compared to peers like Uber Eats and Zomato. This efficiency, combined with a diverse revenue model that includes merchant commissions, advertising fees, and subscription services, positions Rappi for sustained growth. The company has raised $2.3 billion from notable investors, achieving a valuation of $5.25 billion, which reflects its strong market presence and potential.

As Rappi continues to expand its offerings and enhance user experience, it aims to capture a larger share of the $1 trillion total addressable market in Latin America, leveraging its unique position as a true multi-vertical player. The company is committed to evolving into a one-stop platform for daily consumer needs, driving both user engagement and revenue growth in the region.