Rappi

Contxto – With Latin America growing as an important axis for the entrepreneurship ecosystem, hardly a day goes by without a breaking news story about a regional startup funding round. And even more frequently, new unicorns in Latam. At Contxto, we’re always trying to showcase what’s going well in Latin America. With the same purpose, […]

Contxto – It’s official: Rappi is raising big funds. We’d previously reported that the Colombian unicorn had rallied US$155.8 million as per a recent SEC filing. But the startup, via press release confirmed today (24) that it raised more than US$300 million. It’s worth pointing out that within the aforementioned SEC document, the startup is […]

Contxto – The bigger the company, the bigger the risks to which it can be exposed. This is something one of Latam’s largest food delivery startups recently learned. Yesterday (22), an investigation by Reuters surfaced showing that some Rappi couriers or rappitenderos, in Colombia, acquired their spot on the platform through illicit means. That’s right, […]

Today’s Soapbox opinion was written by Jia Li Tan, an Investment Professional at ALLVP. Contxto – On September 16, Mexicans around the world celebrate “Día de la Independencia”; the anniversary of the country’s independence from Spain.  It is the day when the whole of Mexico celebrates and takes a day off work. It was on […]

Contxto – Fintechs continue to bring flexibility to the financial system of Latin America and investors are fueling the change. Today (22), Movile announced it led a US$11.4 million round for Brazilian fintech Zoop. The B2B startup will use the investment to speed up its ability to deploy its digital payment, banking, and credit solutions.  […]

Contxto – Delivery de Mercado—iFood’s marketplace of restaurants and supermarkets—grew 240 percent last August when compared to March of this year. Evidently, Covid-19 has pushed consumers towards acquiring their edibles online. So to keep up with this momentum, iFood recently acquired SiteMercado—a white-label platform that helps grocery stores digitize their operations to work as an […]

Contxto – Chilean ReStudio is venturing into two new areas with its 3D and digital twin tech. Thanks to the startup recently wrapping up its Series A for US$1.4 million, it will launch its portfolio of products into the mining industry as well as for public infrastructure projects. ChileGlobal Ventures and the Fondo Sudamerik procured […]

Contxto – Spanish food delivery platform Glovo is tapping out of many parts in search of profitability, including Latin America. Yesterday (16), news broke that Berlin-based Delivery Hero bought Glovo’s operations in Latam a deal for up to €230 million (~US$272 million). As a result, the German company will strengthen its presence in Panama, Costa […]

Today’s Soapbox opinion was written by Eduardo Morrison, a corporate lawyer with banking experience, specialized in crypto and blockchain. Contxto – Due to its profound political and social crisis, Venezuela has seen an unprecedented migratory phenomenon in recent years. This massive outflow of people has resulted in the birth of a wave of entrepreneurs filled […]

Contxto – The startup ecosystem is exciting and has been quite busy of late. Behind each new acquisition, investment round, or IPO—Initial Public Offering—is a painful process of investigation, data analysis, and implementation. But, how to start a startup from scratch? Don’t panic just yet. If you can’t hire a professional with experience in assembling […]