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Rappi is a mega high growth, Series C, consumer tech startup looking to be the everything store of Latin America. We are a marketplace that connects users who want to purchase prepared foods, groceries, clothes, and virtually anything with independent contractors who can fulfill those needs.
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Social media trends that businesses should look out for in 2022
Social networks have become more than just channels for communicating with friends or family. They now allow users to know what is happening on the other side of the world in a matter of seconds and to consume content tailored to their needs and tastes. The success of these platforms has been such that there […]
Moonashees is raising $700M to invest in LatAm startups
Monashees, a Brazilian VC firm with global operations, is raising $700 million to invest in Latin American companies via two new funds. Each fund will have $350M to invest. One will focus on recently launched startups and the other one will select companies in a growth stage. Monashees’ new fundraising is timely, as there has […]
Jüsto acquires Freshmart, Peru’s leading online supermarket
Mexican grocery e-commerce company Jüsto announced it has acquired Freshmart, the main online supermarket in Peru. It is the first exit for Utec Ventures, the Peruvian VC firm that has financed Freshmart. Among its other investments is food delivery service Manzana Verde. With this acquisition, Freshmart is expected to accelerate its growth in Peru and […]
Jüsto and Rappi team up to leverage each other’s growth
Delivery platform Rappi has partnered with Jüsto, the digital supermarket, to offer the best supermarket offer to users in Mexico. This partnership will make it easier for Rappi users in Mexico City, Guadalajara, Puebla, and Querétaro to order Jüsto products in the Supermarket or Express section of the Rappi app. Jüsto wants to be the […]
PideDirecto raises $5.25M seed round to support hyper-local deliveries
PideDirecto es una forma para cualquier negocio a poder ofrecer servicio de domicilio sin terceros. Conoce sus características y beneficios
Chilean startup Buk secures precedent-setting $50M in Series A funding round
Chilean HR company Buk announced that it has secured a $50 million investment in a Series A round led by Greenoaks. SoftBank also participated. A Chilean startup has never received initial backing of this size. The $50M investment raises Buk’s value to $417M, making it the third most valuable startup in Chile after Cornershop and […]
A fintech company may be the next LATAM unicorn
Of the 79 Latin American startups with a valuation of over $100M, almost 40% belong to the fintech industry. In terms of representation, this makes it more likely that a startup from this sector will become the next regional unicorn. The Soonicorn Club map was identified by ALLVP Research, the intelligence unit of early-stage investment […]
Softbank is confident in the potential of LATAM Startups
Two years after the launch of the Latin America Fund I, Softbank Group Corp. has announced $3 billion more for the Latin America Fund II. This adds up to a total of $8 billion that the Japanese investing conglomerate has committed to the region. Since the creation of the LatAm Fund I in 2019, Softbank […]
Brex adapts to tough times, but is it only skin deep?
Contxto – It has been an interesting year for Brex. The fintech who had such a troubled year that they have decided to change things but only superficially. Back in May, the company had received a US$150 million investment, and planned on hiring 400 employees—but this year has turned differently—by June it had laid off […]
Rappi makes home office permanent
Contxto – Returning to normal after the pandemic will look pretty similar to the employees of Rappi who will now adapt to home office as a regular occurrence. Home office was not foregin to these employees who were used to a hybrid way of working. This meant some days they would go to the office […]