Rappi

Contxto — The private equity sector has been progressing rapidly in Brazil. With economic stability firmly established, dropping interest rates, and low country risk, the local market is already an attractive option for venture capital in Brazil. However, storm clouds gather ahead. Brazil was going through rough economic waters even before the Covid-crisis. We shan’t […]

Contxto – Retailers cannot deny that home deliveries are of the utmost need with self-isolation. And in Mexico, one major company is ever-jumping on this bandwagon, Cornershop. Soriana—a major supermarket chain—announced its products will be available for delivery via the Cornershop app today (2). This service will only apply for the Soriana stores found in […]

Contxto – Once again food delivery platform couriers on strike. Little over a month ago they’d protested and orders on apps slowed with less workers available to take up orders. Couriers from Costa Rica, Guatemala, Brazil, Mexico, Ecuador, Chile, and Argentina were called today (1) to cease operations and hit the streets to challenge the […]

Contxto – Latin America is currently the epicenter of the Covid-19 pandemic. Mexico and Brazil are now reporting more daily deaths than any other country in the world except the United States. Understanding the gravity of the situation, startups have already stepped into the breach to make up for lacking services—and lost time—in order to […]

Contxto – It’s no secret that the entertainment industry has been in the can lately thanks to the coronavirus outbreak. What’s more, research firm Ampere estimates that coronavirus will cost the global entertainment industry around US$160 billion over the next five years. But when times get tough, the tough get going. One prime example is […]

Contxto – A traditional Mexican bank wants to hang out with the cool kids. Consequently, it’s cozying up with one of the most buzzed about startups as it ventures further into the digital realm. Yesterday (23), Banorte announced it’s forged an alliance with unicorn Rappi to launch a financial services company in Mexico. Before moving […]

Contxto – The world continues to scramble and find ways to detect and disinfect itself of coronavirus. Many of these approaches mix pre-established principles with novel tech. In Mexico, Juan Sossa Azuela, a researcher from the National Polytechnic Institute is working to create robots to sanitize hospitals where Covid-19 patients can be found using ultraviolet […]

Contxto – Shove off Facebook, Brazilian startup Arena wants to give e-commerce and media businesses back control of their customers’ data to build meaningful experiences.  In order to reach more global markets, Arena recently raised US$2.3 million in seed 2 funding. Redpoint eventures led the round and was joined by the Incubate Fund, Plug and […]

Contxto – If you’re one of those (weird) people that do not read terms and conditions for fun turn away now! There’s something you might want to know about your last-mile delivery choices. According to recent reports, Argentina’s Undersecretariat of Actions for Customer Defense called out Rappi, Glovo and PedidosYa for supposedly abusive and unconstitutional […]

Contxto – It would appear that Rappi will leave no industry unexplored. Besides food and package deliveries, processing payments, and grocery shopping, there’s yet a new terrain to cover: livestreams. And Colombian pop singer Manuel Medrano will be the first artist to host his concert on the unicorn’s app on June 19. Rappi live streams […]