A New Tech Giant In The Market - Tech World

Monday, September 17, 2018

A New Tech Giant In The Market

Delivery startup Rappi has reached AN calculable value of $1.1 billion, changing into the newest best-funded Spanish American school startup.

The company develops AN app meant to change the on-demand delivery of any item, from grocery product to pharmacy things. The startup raised $220 million in its latest funding spherical in late August, diode by DST world, with participation of previous investors cypress Capital and Andreessen piano player.

The latest spherical of funding takes the Colombian company based in 2015 to imaginary creature level - the term accustomed describe startups that ar valued at over $1 billion.

Rappi started operations in Brazil in August 2017 with a São Paulo base. it's since distended into Delaware RIO, Porto Alegre and urban center.

The company additionally has operations in Argentina, Mexico, South American nation and Chile and operates with over thirty thousand couriers.

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