Amazon acquired an undisclosed stake in Rappi through a $25M convertible note. The deal gives Amazon the right to buy up to 12% of Rappi if certain targets are met.
Rappi offers on-demand food delivery, groceries, courier services, and additional verticals, including ultra-fast delivery, financial services, and travel.
The deal could help Amazon strengthen its regional e-commerce position while strengthening the existing relationship, as Rappi already uses Amazon’s cloud infrastructure.
Founded in 2015, Rappi operates in nine countries and more than 350 cities across Latin America and raised $100M in debt from Kirkoswald Private Credit and Santander in August 2025.
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