Rappi raises over $500M in Series F

LatamListRappi raised more than $500M at a $5.25B valuation in a Series F funding round. The round was led by T.Rowe Price with contributions from Baillie Gifford, Third Point, Octahedron, GIC and SoftBank.

The new funding round brings Rappi’s total funding raised to over $2B. The company now operates in more than 250 cities across nine countries in Latin America.

Rappi’s platform now offers grocery services, tech goods, and medicines, and financial services alongside its original food delivery scheme. 

“Users can order nearly any good or service [and] get products delivered in less than 10 minutes, can access financial services, as well as ‘whims’ and ‘favours’,” the company said.

Read more on TechCrunch.

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