Share to: share facebook share twitter share wa share telegram print page

Rappi

Rappi
Company typePrivate
Industry
Founded2015; 9 years ago (2015)
FoundersSimón Borrero
Felipe Villamarin
Sebastián Mejía
HeadquartersBogotá, Colombia
Area served
ProductsMobile app
Services
RevenueIncrease US$800 million (2023)[1]
Number of employees
5,200 employees (2024)[2]
350,000 couriers (2024)[3]
Websiterappi.com

Rappi is a Latin American super-app headquartered in Bogotá, Colombia, with offices in São Paulo and Mexico City. It was founded in 2015 by Simón Borrero, Sebastian Mejía, and Felipe Villamarín.

History

Rappi was founded in 2015 by three Colombian entrepreneurs: Simón Borrero, Felipe Villamarin, and Sebastián Mejía.[4]

Rappi entered Y Combinator's Winter 2016 batch, generating additional investment.[5][6] In August 2018, the company raised another $200 million in funding.[7] SoftBank became a major stakeholder in Rappi in April 2019 with a $1 billion investment that valued Rappi at $3.5 billion.[8][9]

In January 2019, Borrero, Villamarin, and Mejía were listed as part of Bloomberg’s 50 Most Influential people and Rappi was highlighted as a company that is “transforming Latin America”.[10] In April 2024 Tiago Azevedo was hired as chief financial officer of Rappi. [11]

In February 2019, Simon Borrero was awarded the "Empresario del año" (Businessman of the year) award from the Colombian President.[12] Simon Borrero and Rappi are currently being sued in U.S. federal court for misappropriation of trade secrets.[13]

In June 2020, and during the peak of the COVID-19 pandemic in Latin American countries, Rappi announced in a live event for the creation of 3 additional divisions in this category such as games, live sales and music simultaneously in 9 countries. With this announcement Rappi consolidated its goal of becoming the first app on the continent by expanding its offerings to compete with other entertainment giants such as Spotify.[14]

As of August 2020, Rappi had more than 200,000 independent couriers actively connecting to the app in Latin America. Rappi also worked with over 250,000 different businesses including groceries shops, pharmacies, kiosks, and office supply stores.[15]

In 2021, Rappi was valued at $5.25 billion following their $500 million Series F financing round.[16] By the summer of 2021 it is announced that Rappi raises its valuation to US $5.2 billion after closing the most recent Series G investment round at that time and raising US $500 million. Participants in the round included T. Rowe Price, Baillie Gifford, Third Point, Octahedron, GIC SoftBank, DST Global, Y Combinator, Andreessen Horowitz and Sequoia Capital.[17]

Rappi announced acquisition of AI company Fountain9 in Sept 2024 to enhance AI operations.[18][19] Rappi was also included in the Time magazine's list of influential companies in 2024.[20] National Consumer Service in Chile issued a notice to "World" and Rappi for privacy invasion in Iris scanning practices. [21] The company was asked to halt iris scanning in Chile. Rappi responded that iris scanning was only for Argentina, not Chile.

Rappi Bank

In March 2019, Rappi partnered with Visa Inc. to offer prepaid cards in Mexico, Colombia and Brazil, together with a QR-Code based digital wallet called RappiPay. In Colombia, they reached an alliance with Davivienda as well.[22] Rappi's Country Manager in Brazil said it was the first of many financial services the company planned to expand beyond delivery.[23]

In 2021, RappiBank launched in Mexico as a fintech solution made after an alliance with Banorte, providing digital financial services.[16]

In 2022, Rappi got approval to become a bank in Colombia.[24] BNN Bloomberg reports that RappiBank has 300,000 Savings Account customers.[25] Rappi offers working capital credit lines to restaurant owners and merchants it partners with. In Colombia, RappiPay has around 750,000 users, distributed more than 120,000 credit cards, and made an alliance with Davivienda.[26][27]

In 2022, as part of the portfolio of Financial Services, Rappi announced the launching of payments using Crypto.[28]

IPO

Rappi co-founder Simon Borrero said in Sept 2024 that the company will be IPO-ready in about a year.[11]

Controversies

In September 2019, Rappi CEO and co-founder Simón Borrero has been accused of stealing the company Uribe's "idea for the creation of a platform that allowed users to contact other people willing to run errands."[29] The Colombian Superintendency of Industry and Commerce has ordered the company to comply with electronic commerce regulations, however it allegedly still operates outside these regulations. The company currently has 108 active lawsuits related to consumer protection lodged against it.[30][31] In January, the company started to charge delivery drivers a fee to use the app.[32]

The Colombian Superintendency of Industry and Commerce is currently claiming that plaintiff Rappi is "Not having a complaints channel for their customers, the fact that there is still confusion in the terms and conditions ... the final price for the consumer still being unknown and variable, the fact they are still not giving full attention to the complaints ... calls our attention," Superintendency head Andres Barreto told journalists.[citation needed]

Along with a myriad of predatory employment policies, it has been discovered Rappi intended to force employees to compete for access to COVID-19 vaccinations.[33]

Work conditions

In October 2018, some delivery couriers of Rappi took to the streets. The company has been criticized for its working conditions, from the employee side and for a lack of customer care from their clientele.[34][35][36] Rappi has allegedly failed to follow regulations regarding customer support and faces possible fines from government regulators.[37]

See also

References

  1. ^ "Rappi Appoints New CFO, Eyes Future IPO". contxto.com. 15 July 2024.
  2. ^ https://about.rappi.com/ [bare URL]
  3. ^ https://about.rappi.com/ [bare URL]
  4. ^ "Simón Borrero, Felipe Villamarín, and Sebastián Mejía | 500-EN". Bloomberg Línea. 13 August 2021.
  5. ^ "Rappi, la revolución del e-commerce viene de Colombia". Forbes. 17 April 2017.
  6. ^ Kokalitcheva, Kia (8 November 2016). "Colombian Startup Rappi Wants to Deliver 'Everything'". Forbes.
  7. ^ José Orozco, Rappi se convierte en "unicornio" gracias a una nueva ronda de financiamiento (in Spanish), Developerz.software, 7 September 2018
  8. ^ "Rappi Raises Up to $1 Billion from SoftBank Group Corp. and SoftBank Vision Fund". Business Wire. 30 April 2019. Retrieved 1 March 2020.
  9. ^ "Rappi Reaches $5.25 Billion Valuation With Series F Round". mondaq.
  10. ^ "The Brains Behind Rappi, Latin America's Super App". Bloomberg. Bloomberg US Edition. 4 December 2019. Retrieved 29 September 2022.
  11. ^ a b "SoftBank-Backed App Rappi Expects to Be IPO-Ready in 12 Months". Yahoo Finance. 16 September 2024. Retrieved 11 October 2024.
  12. ^ "En la distinción a los fundadores de Rappi como 'Empresario del Año 2018', del diario La República, el Presidente elogió el poder del emprendimiento de los jóvenes". id.presidencia.gov.co.[failed verification]
  13. ^ "SoftBank-Backed Rappi Hit by Cuts, Trade-Secret Theft Claims". Bloomberg.com. 14 January 2020. Retrieved 26 June 2022.
  14. ^ Tincello, Katie (13 July 2020). "Rappi launches new feature: Rappi Live Events". LatamList.
  15. ^ "Colombian 'Super App' Is a Unicorn. It Wants to Be a Tech Giant". Bloomberg.com. 3 October 2018.
  16. ^ a b "Rappi lives a good 2020: its growth plans accelerated with the pandemic". Forbes. 15 September 2020.
  17. ^ Staff, Forbes (19 July 2021). "Rappi eleva su valoración a US$5.200 millones tras levantar US$500 millones en ronda de inversión". Forbes Colombia (in Spanish). Retrieved 17 April 2023.
  18. ^ Garbarino, Milena (10 September 2024). "Rappi acquires Fountain9 to enhance AI-driven operations". LatamList. Retrieved 21 October 2024.
  19. ^ Durán, Camila Bernal (4 September 2024). "Rappi adquiere Fountain9, una compañía de la India". Forbes Colombia (in Spanish). Retrieved 21 October 2024.
  20. ^ "TIME100 Most Influential Companies - 2024". time100cos.com. Retrieved 30 September 2024.
  21. ^ Alexei, Isai (7 November 2024). "Privacy Invasion in Chile? Major Crypto Company Faces Government Action". Crypto News Flash. Retrieved 11 November 2024.
  22. ^ "Rappi wants to change banking". 13 March 2019. Retrieved 9 March 2022.
  23. ^ "Delivery startup Rappi partners with Visa to offer pre-paid cards in Brazil". Reuters. 19 June 2019. Retrieved 20 October 2019.
  24. ^ "RappiPay se convierte en entidad financiera: contratará 400 jóvenes". El Tiempo. 21 June 2022.
  25. ^ Laya, Patricia (8 October 2024). "Anything in 10 Minutes: $5 Billion Delivery App Sweeps Latin America". BNN Bloomberg. Retrieved 10 October 2024.
  26. ^ "Delivery app Rappi partners with Visa to launch credit cards in Brazil". Reuters.
  27. ^ "Rappi hopes to be operating as digital bank in Colombia by early 2022, executive says". Reuters.
  28. ^ "Delivery app Rappi begins accepting cryptocurrency in Mexico". Reuters.
  29. ^ "Rappi founders accused of stealing intellectual property". LatamList. 25 January 2020. Retrieved 4 September 2020.
  30. ^ S.A.S, Editorial La República (6 September 2019). "Rappi tiene 108 demandas que están activas en la Superindustria". www.asuntoslegales.com.co (in Spanish). Retrieved 4 September 2020.
  31. ^ Sabatés, Paula (16 November 2018). "Rápida para bloquear reclamos laborales | La app Rappi despidió a trabajadores que se sindicalizaron". PAGINA12 (in Spanish).
  32. ^ "Pay to work: Rappi now charges delivery drivers in Brazil a weekly fee". Rest of World. 18 March 2024. Retrieved 28 October 2024.
  33. ^ "Hunger Games: Food Delivery Company Giving Vaccines Only to Best Gig Workers - VICE". www.vice.com. Retrieved 5 July 2021.
  34. ^ ¿Por qué protestan los trabajadores de Rappi? (in Spanish), Wradio.com.co, 20 October 2018
  35. ^ Testimonios que explican la protesta de los 'rappitenderos' en Bogotá (in Spanish), Semana.com, 20 October 2018
  36. ^ El infierno de trabajar en Rappi (in Spanish), Las2orillas.co, 15 October 2018
  37. ^ Cobb, Julia Symmes (13 November 2019). "Rappi failed to comply with regulatory orders, Colombia says". Reuters. Retrieved 1 March 2020.

Read other articles:

Andreas Ivanschitz Informasi pribadiNama lengkap Andreas IvanschitzTanggal lahir 15 Oktober 1983 (umur 40)Tempat lahir Eisenstadt, AustriaTinggi 1,83 m (6 ft 0 in)Posisi bermain Gelandang serangInformasi klubKlub saat ini LevanteNomor 21Karier junior1989–1998 ASK Baumgarten1998–2000 Rapid WienKarier senior*Tahun Tim Tampil (Gol)2000–2005 Rapid Wien 147 (25)2006 Red Bull Salzburg 13 (1)2006–2011 Panathinaikos 67 (10)2009–2011 → 1. FSV Mainz 05(pinjaman) 47 (9)2011–201…

Dr. Sri Safitri, S.T, B.Eng (Hons), M.Eng Head of Digital Vertical Ecosystem Education Telkom IndonesiaMasa jabatanAgustus 2022 – SekarangDEVP CX & Digitization Telkom IndonesiaMasa jabatanJanuari 2020 – Juli 2022Project Director Customer Experience Transformation Telkom IndonesiaMasa jabatanOktober 2016 – Januari 2020Chief Marketing Officer TelkomTelstraMasa jabatanDesember 2014 – April 2016 Informasi pribadiKebangsaanIndonesiaSunting kotak info&#…

2004 studio album by ZaoThe Funeral of GodStudio album by ZaoReleasedJuly 13, 2004RecordedTrax East, New JerseyGenreMetalcoreLength47:18LabelFerret, RoadrunnerProducerEric Rachel and ZaoZao chronology All Else Failed(2003) The Funeral of God(2004) The Fear Is What Keeps Us Here(2006) Zao studio album chronology Parade of Chaos(2002) The Funeral of God(2004) The Fear Is What Keeps Us Here(2006) Professional ratingsReview scoresSourceRatingAbsolutePunk82%[1]AllMusic(not rated)[…

Windbergen Lambang kebesaranLetak Windbergen di Dithmarschen NegaraJermanNegara bagianSchleswig-HolsteinKreisDithmarschen Municipal assoc.MitteldithmarschenSubdivisions4Pemerintahan • MayorRudolf Thode (CDU)Luas • Total17,29 km2 (668 sq mi)Ketinggian12 m (39 ft)Populasi (2013-12-31)[1] • Total808 • Kepadatan0,47/km2 (1,2/sq mi)Zona waktuWET/WMPET (UTC+1/+2)Kode pos25729Kode area telepon04859Pelat kendaraan…

Bangladeshi pornographic actress Jazmin Chaudhryজেজমিন চৌধুরীBornYasmin Chaudhry[1][2] (1985-05-15) May 15, 1985 (age 38)[1][2]Chattogram[1][2]NationalityNaturalised citizen of United States[1][2] from Bangladesh[1][2]Other namesSudha, Jazmine, Jasmine, Jazmine Chaudhry, Jazmin, Lucy HeartOccupationPornographic actor[1][2]Years active2004–2008[3][4&…

This article has multiple issues. Please help improve it or discuss these issues on the talk page. (Learn how and when to remove these template messages) This article may require cleanup to meet Wikipedia's quality standards. The specific problem is: poorly written. Please help improve this article if you can. (September 2018) (Learn how and when to remove this template message) This article needs additional citations for verification. Please help improve this article by adding citations to reli…

† Человек прямоходящий Научная классификация Домен:ЭукариотыЦарство:ЖивотныеПодцарство:ЭуметазоиБез ранга:Двусторонне-симметричныеБез ранга:ВторичноротыеТип:ХордовыеПодтип:ПозвоночныеИнфратип:ЧелюстноротыеНадкласс:ЧетвероногиеКлада:АмниотыКлада:СинапсидыКл…

This article is about the history of Serbs in general, including the history of Serbs in Serbia and other historical Serbian Lands, as well as history of Serbian regional migrations and modern Serb diaspora. For history of Serbia itself, see History of Serbia. Part of a series onSerbs Native Serbia Vojvodina Kosovo and Metohija Bosnia and Herzegovina Montenegro Croatia North Macedonia Romania Hungary Albania Bulgaria Slovenia DiasporaEurope Austria Azerbaijan Belarus France Germany Greece Italy …

Comté d'Édesse, 1135. Ceci est une liste des différents dirigeants du comté d'Édesse : 1095-1098 : Thoros, Arménien, gouverneur d’Édesse 1098-1100 : Baudouin Ier de Boulogne, adopté par le précédent, devient roi de Jérusalem en 1100 1100-1118 : Baudouin II de Bourcq, cousin du précédent, devient roi de Jérusalem en 1118 1104-1108 : régence de Richard de Salerne 1118-1119 : Galéran ou Waleran du Puiset, seigneur de Bira, cousin de Baudouin II, gouve…

Dr. Margaret Todd Margaret Todd (1859 – 1918) adalah seorang penulis dan dokter Skotlandia yang pada tahun 1913 mengusulkan istilah isotop kepada kimiawan Frederick Soddy. Kehidupan dan karya Margaret Todd adalah seorang guru dari Glasgow. Pada tahun 1886, ia menjadi salah seorang siswa pertama di Sekolah Kedokteran Edinburgh Untuk Wanita, setelah mendengar bahwa Sekolah Tinggi Kerajaan Kedokteran Dan Ahli Bedah Skotlandia telah membuka ujian penerimaan mereka untuk perempuan. Ia membutuhkan d…

この項目には、一部のコンピュータや閲覧ソフトで表示できない文字が含まれています(詳細)。 数字の大字(だいじ)は、漢数字の一種。通常用いる単純な字形の漢数字(小字)の代わりに同じ音の別の漢字を用いるものである。 概要 壱万円日本銀行券(「壱」が大字) 弐千円日本銀行券(「弐」が大字) 漢数字には「一」「二」「三」と続く小字と、「壱」「弐」…

2016年美國總統選舉 ← 2012 2016年11月8日 2020 → 538個選舉人團席位獲勝需270票民意調查投票率55.7%[1][2] ▲ 0.8 %   获提名人 唐納·川普 希拉莉·克林頓 政党 共和黨 民主党 家鄉州 紐約州 紐約州 竞选搭档 迈克·彭斯 蒂姆·凱恩 选举人票 304[3][4][註 1] 227[5] 胜出州/省 30 + 緬-2 20 + DC 民選得票 62,984,828[6] 65,853,514[6] 得…

1991 film by Stephen Herek For the 2024 film, see Don't Tell Mom the Babysitter's Dead (2024 film). Don't Tell Mom the Babysitter's DeadTheatrical release posterDirected byStephen HerekWritten by Neil Landau Tara Ison Produced by Robert F. Newmyer Brian Reilly Jeffery Silver Starring Christina Applegate Joanna Cassidy Keith Coogan John Getz Josh Charles CinematographyTim SuhrstedtEdited byLarry BockMusic byDavid NewmanProductioncompanies HBO Outlaw Productions Cinema Plus L.P. Distributed byWarn…

هذه المقالة بحاجة لصندوق معلومات. فضلًا ساعد في تحسين هذه المقالة بإضافة صندوق معلومات مخصص إليها. بعض السيارات المصنوعة في المغربRenault 4Renault 5Renault 12Renault 18Fiat 127Fiat 131Fiat UnoFiat PalioRenault KangooDacia SanderoDacia LodgyDacia DokkerLaraki Borak تشجع الحكومة المغربية الإستثمار في قطاع صناعة السيارات من خلال إعفاء …

Not to be confused with Chaturmukha Basadi, Karkala. Jain temple in the state of Karnataka Chaturmukha Basadi, GerusoppaChaturmukha BasadiReligionAffiliationJainismSectDigambaraDeityRishabhanatha, Ajitanatha, Sambhavanatha and AbhinandananathaFestivalsMahavir JayantiLocationLocationGerusoppa, KarnatakaLocation within KarnatakaGeographic coordinates14°13′43.4″N 74°39′53″E / 14.228722°N 74.66472°E / 14.228722; 74.66472ArchitectureStyleWestern Chalukya architectu…

Variety of Urdu This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed.Find sources: Hyderabadi Urdu – news · newspapers · books · scholar · JSTOR (December 2009) (Learn how and when to remove this message) This article or section appears to contradict itself. Please see the talk page for more information. (August 2018) Hyderabadi …

Ethnic group Tamil-SeychelloisA Tamil Hindu temple in Victoria, the capital city of SeychellesTotal populationc. 4,000[1]Regions with significant populationsMahé, SeychellesReligionHinduismRelated ethnic groupsTamil people, Tamil Mauritians, Malbars, Tamil diaspora Part of a series onTamils History History of Tamil Nadu History of Sri Lanka Sources of ancient Tamil history Sangam period Keezhadi excavation site Tamilakam Agriculture Economy Education Industry Chronology of Tamil history…

United States federal government office building in Washington, DC This article is about the current building. For the former building of the same name, see O'Neill House Office Building (1947). Not to be confused with Thomas P. O'Neill Jr. Federal Building (Boston). O'Neill House Office BuildingThe O'Neill Building just before reopening after its renovation in 2014Location within Washington, D.C.Former namesFederal Office Building No. 8General informationStatusCompletedLocationUnited States Cap…

Television channel Real America's VoiceCountryUnited StatesBroadcast areaNationwideHeadquartersCentennial, ColoradoProgrammingLanguage(s)EnglishOwnershipOwnerRobert J. SiggParentPerformance One MediaSister channelsWeatherNation TVHistoryLaunchedSeptember 16, 2020; 3 years ago (2020-09-16)LinksWebsiteamericasvoice.news Real America's Voice is a right-wing to far-right[1][2][3] streaming, cable and satellite television channel founded in 2020 and owned by …

Si ce bandeau n'est plus pertinent, retirez-le. Cliquez ici pour en savoir plus. La mise en forme de cet article est à améliorer (août 2023). La mise en forme du texte ne suit pas les recommandations de Wikipédia : il faut le « wikifier ». Philippe TrièrePhilippe Trière, La provision tardive, d'après François BoucherBiographieNaissance 1756ParisDécès Vers 1815Nationalité FrançaiseActivité graveurAutres informationsMouvement art rococomodifier - modifier le code - mo…

Kembali kehalaman sebelumnya