Total amount raised
$2.5 Billion
Latest funding date
9/1/2022
Location
Rappi has successfully raised significant funding through 21 rounds, with the latest being a Debt Financing round. The platform is backed by notable investors, including Gramercy Funds Management and Amazon.
Keep reading to explore the intricacies of Rappi's fundraising journey and the investors backing this innovative platform.
What Is Rappi?
Rappi, an on-demand delivery platform, connects users with local businesses and couriers to deliver a wide range of products. The company operates in multiple countries across Latin America, including Mexico, Argentina, Brazil, Chile, Colombia, Costa Rica, Ecuador, Peru, and Uruguay.
Founded in Bogotá, Colombia, Rappi has grown significantly, employing between 1001 and 5000 people. The platform covers various industries such as consumer goods, delivery, e-commerce, food and beverage, food delivery, and mobile apps.
How Much Funding Has Rappi Raised?
- Debt Financing
- Amount Raised: Not publicly disclosed
- Date: October 2025
- Lead Investors: Gramercy Funds Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Likely to support operational expenses and manage cash flow.
- Convertible Note
- Amount Raised: USD 25,000,000
- Date: September 2025
- Lead Investors: Amazon
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Likely to fuel expansion and enhance service offerings.
- Debt Financing
- Amount Raised: USD 100,000,000
- Date: August 2025
- Lead Investors: BANCO SANTANDER, Kirkoswald
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Likely to support operational expenses and manage cash flow.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: September 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Likely to provide liquidity to early investors and employees.
- Series F
- Amount Raised: USD 108,600,000
- Date: September 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Likely to fuel expansion and enhance service offerings.
- Series F
- Amount Raised: Not publicly disclosed
- Date: February 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Likely to fuel expansion and enhance service offerings.
- Secondary Market
- Amount Raised: USD 150,000,000
- Date: January 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Likely to provide liquidity to early investors and employees.
- Secondary Market
- Amount Raised: USD 900,000
- Date: December 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Likely to provide liquidity to early investors and employees.
- Private Equity
- Amount Raised: Not publicly disclosed
- Date: September 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Likely to fuel expansion and enhance service offerings.
- Series F
- Amount Raised: USD 500,000,000
- Date: July 2021
- Lead Investors: T. Rowe Price
- Valuation at Round: USD 5,250,000,000
- Motivation Behind the Round: To further expand operations and enhance service offerings across Latin America.
Total Amount Raised: USD 884,500,000. Current Valuation: USD 5,250,000,000.
Key Investors
- Gramercy Funds Management
- Details: Gramercy Funds Management is a global investment management firm specializing in emerging markets. They participated in Rappi's latest debt financing round.
- Investment Focus Areas: Debt financing, emerging markets, distressed assets.
- Notable Investments: Rappi, Argentina's sovereign debt, Brazilian corporate bonds.
- Amazon
- Details: Amazon is a multinational technology company focusing on e-commerce, cloud computing, and artificial intelligence. They invested in Rappi through a convertible note.
- Investment Focus Areas: E-commerce, cloud computing, artificial intelligence.
- Notable Investments: Rivian, Deliveroo, Whole Foods Market.
- BANCO SANTANDER
- Details: BANCO SANTANDER is a Spanish multinational financial services company. They were a lead investor in Rappi's debt financing round in August 2025.
- Investment Focus Areas: Banking, financial services, fintech.
- Notable Investments: Ebury, Creditas, Getnet.
- T. Rowe Price
- Details: T. Rowe Price is a global investment management firm. They led Rappi's Series F funding round in July 2021.
- Investment Focus Areas: Broad investment management across various sectors.
- Notable Investments: Amazon, Google, Facebook.
- SoftBank
- Details: SoftBank is a Japanese multinational conglomerate holding company. They participated in Rappi's Series F funding round.
- Investment Focus Areas: Technology, telecommunications, internet companies.
- Notable Investments: Alibaba, Uber, WeWork.
What's Next for Rappi?
Rappi's future looks promising as it continues to expand into new markets and diversify its services. The company is poised to capitalize on the growing demand for on-demand delivery services across Latin America. With operations in nine countries and over 250 cities, the potential for growth is substantial.
Future fundraising opportunities appear bright, given the successful Series F round led by major investors like T. Rowe Price and SoftBank. This financial backing will likely support Rappi's expansion and service diversification efforts. However, the company may face challenges such as intense competition and regulatory hurdles in different regions.
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