Rappi Acquires Box Delivery and Partners with Aliansce to Strengthen Delivery Operations

Colombia's Rappi has made its biggest acquisition to date by acquiring Box Delivery. Box Delivery provides last-mile delivery services to restaurants and retailers, averaging around 1 million monthly deliveries. In 2022, Box recorded sales of $39.5M. The Brazilian mall operator Aliansce Sonae will support Rappi's acquisition of Box Delivery as a new partner. This addition will give Rappi strategic advantages in the Brazilian market.

The deal is aimed at strengthening Rappi's delivery operations and enabling it to compete better with iFood. The acquisition will unite Rappi's delivery services with Box Delivery, allowing the company to meet the growing restaurant demand. With the acquisition of Box Delivery, Rappi will likely become one of the largest companies focused on serving this delivery segment.

Rappi is a popular app that offers a range of services, from food delivery to grocery shopping and medication delivery. The company was founded in 2015 and has since expanded its operations to several countries in Latin America. In Brazil alone, Rappi has over 15 million registered users and more than 200,000 partners.

This acquisition is significant for Rappi as it strengthens its position in the highly competitive Brazilian market. Brazil is one of the largest food delivery markets in the world, with a growing demand for delivery services. With the acquisition of Box Delivery, Rappi will be able to offer its customers faster and more efficient delivery services.

The partnership with Aliansce Sonae is also a strategic move for Rappi. Aliansce Sonae is one of the largest mall operators in Brazil and has a network of 39 malls across the country. The partnership will enable Rappi to leverage Aliansce Sonae's extensive network of stores and malls to expand its delivery operations.

The acquisition of Box Delivery and the partnership with Aliansce Sonae are expected to have a significant impact on Rappi's growth in the Brazilian market. The company is now well-positioned to take on its competitors and expand its operations to other regions in Brazil.