May 2, 2019 |
Colombia's Rappi will likely use a $1bn investment from SoftBank Group to increase its regional presence outside its home market, LatinFinance has heard.
"Rappi is a very good company and has been able to get to a strong place in the Colombian market, but this investment is really to help them get a bigger footing in Latin America," said Katherine Ortiz, an analyst at the local bank Davivienda.
Rappi has rolled out its delivery services in Peru, Argentina, Chile and Uruguay and has grown at a
Delivery service app gets $1bn from the Japanese investor to expand its footprint in Latin America