The food delivery app Rappi is gearing up to challenge market leader iFood by negotiating agreements with major fast-food chains, according to the company's new CEO Felipe Criniti. Mr. Criniti, who founded Box Delivery - a platform focused on fast delivery solutions for large restaurants and retailers in Brazil -

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

Amadeus, a leading travel technology company based in Spain, has announced a significant partnership with Rappi, the Latin American "super app" that combines multiple services into a single customer-facing application. This strategic collaboration aims to develop the travel vertical and enhance the overall travel experience by combining Amadeus's advanced search

Rappi's Monetization division is forecasting a 150% increase in 2023 Get ready for explosive growth! Rappi's Monetization division is predicting a skyrocketing increase of 150% in 2023. According to the division's leader, Julian Mayorca, an average of 5% of advertisers' digital investments are already being funneled into the superapp. But

Four Colombian banks are behind this syndicated loan, a usual scheme when a large amount is involved. The funds will go to strengthen the operation in that country. The banks Bancolombia, Banco de Bogotá, Davivienda and Itaú together granted a syndicated loan of US$100 million to RappiPay, the fintech

At the start of this year, Ángela Acosta was leading supermarket business units at Rappi, a last-mile delivery startup that became Colombia’s first billion-dollar unicorn. Three months later, the former business unit head of supermarkets became the CEO of Morado, a beauty marketplace she had been working on for

Rappi, the SoftBank-backed Colombian delivery app, will be allowed to offer digital banking services following approval from the Andean country's financial regulator, the company said. Colombia's financial watchdog cleared RappiPay, a joint venture between Rappi and bank Banco Davivienda, to operate as a digital bank, the company said late on