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T. Rowe Price Leads USD500m Series F Round for Rappi

19 July 2021

T. Rowe Price led a USD500m Series F round for Colombian on-demand delivery startup Rappi  at a reported USD5.25b valuation, with participation from SoftBank, GIC, Baillie Gifford, Third Point, and Octahedron. Previews investors in Rappi include DST Global, Andreessen Horowitz, Sequoia Capital and Y Combinator.

(TechCrunch) Rappi, a Colombian on-demand delivery startup, has raised “over” $500 million at a $5.25 billion valuation in a Series F round led by T. Rowe Price, the company announced late Friday.

Baillie Gifford, Third Point, Octahedron, GIC and SoftBank also participated in the new funding event. Previous backers include DST Global, Y Combinator, Andreessen Horowitz and Sequoia Capital.

The new financing brings Bogota-based Rappi’s total raised since its 2015 inception to over $2 billion, according to Crunchbase. Today, the country has operations in 9 countries and more than 250 cities across Latin America. Its last raise was a $300 million funding round in September of 2020.

Read more at TechCrunch.