Softbank Invests $ 1,000 Million in Colombian Start-Up Rappi

Softbank Invests $ 1,000 Million in Colombian Start-Up Rappi

the announcement was made this Tuesday, April 30 by a press release

The mega japanese fund Softbank announced a $ 1,000 million investment in the Colombian startup Rappi. The news had been announced in different media between yesterday and today, but the confirmation came from Reuters in your portal. This would be the first The important investment of Softbank through its innovation fund created to invest in Latin American companies based on technology.

In a statement, Mr. Rappi said that with this money he would improve his presence in existing markets and enter new markets.

For its part, Marcelo Claure, Director of Operations at Softbank, I had commented interview with Money Magazine Softbank “was looking for entrepreneurs with a disruptive business model who could challenge to traditional industries using technology. “In addition, he assured that they had already found many companies with these characteristics in Latin America, mentioning Rappi as one of them.

Simón Borrero, Sebastián Mejía and Felipe Villamarin, co-founders of Rappi.

Rappi was founded in 2015 by Simón Borrero, Sebastián Mejía and Felipe Villamarin. The following year, she became the first Latin American start-up to receive an investment from the famous American venture capital fund Andreessen Horowitz, in addition to graduating from Y Combinator’s same year. Eight months ago, Rappi became the first Colombian unicorn after making a valuation of $ 1,000 million after only three years of existence.

Now he is present in five countries of Latin America: Colombia, Mexico, Brazil, Argentina, Chile, Uruguay and Peru.

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