Rappi was the first startup in Latin America to receive investment from Andreesen Horowitz in 2016. The Colombian delivery company was then accepted into the Y Combinator in the same year. Rappi has grown quickly on its model of delivering just about anything to your door, saving customers the hassle of getting groceries, school supplies, or even money from an ATM.
Now, Rappi is expanding into its fifth market in the region, Chile, after growing in Colombia, Mexico, Brazil, and Argentina. Rappi is reportedly looking to expand in Central America next.
Currently, Rappi is available in specific sectors of Santiago, although it will reach the rest of the city in the near future. Since the start of 2018, Rappi has launched in 11 new cities, including Buenos Aires, which has been its fastest growing market to date. That’s saying something, since Rappi grows at an average of 20-30% monthly, increasing the size of the business by seven times since last year.
With almost 2 million downloads, Rappi’s next goal is to achieve 11,000 orders an hour.
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