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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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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 […]
eHealth Care: Chilean AI might dramatically improve Covid contact tracing tech
Contxto– Sabrina Sepúlveda, a Chilean scientist, has created a mobile kit for detecting Covid-19 by means of artificial intelligence (AI) technology. The kit uses an algorithm that, in combination with the patient’s symptoms, helps identify if there is a risk of infection prior to a PCR testing, the standard procedure. As of October 2020, two […]
RobinFood all-in with data-driven food services after US$18M investment
Contxto – RobinFood, parent company of Colombian foodtech brand MUY, has landed US$18 million of debt financing from Miami-based MGM Innova Group. This brings RobinFood’s total funding up to US$36 million thus far. The name of the game for RobinFood is to disrupt how food is delivered across Latin America. The company’s model is centered […]
SoftBank’s Latin America fund will decide the future of fintech
Welcome to our new The Exclusive deep dive content about our Latin American ecosystem. We’re giving our registered newsletter users a sneak-peek of these soon-to-be paid for articles. Contxto—Politics, football, and Tesla’s current stock price all have one thing in common with SoftBank—Latin America’s largest foreign investor—; you should never mention them in conversation unless […]
Rappi seeks to improve cash solutions and reconciliations with help from SafetyPay
Contxto – Just after wrapping up a funding round that exceeded US$300 million, the Colombian delivery unicorn, Rappi, has now joined forces with the payment platform SafetyPay. Together they want to streamline the company’s cash solutions and financial reconciliations, meaning the money leaving an account matches the amount spent. Since Rappi has evolved from delivery […]
MUY tags US$18M to scale cloud kitchens and restaurants in Mexico
Contxto – MUY is hungry for growth. The startup closed US$15 million almost a year ago, launched into Mexico, and then opened its first contactless restaurant in its native Colombia in early August. And in a recent interview, MUY unveiled its plans to disperse US$18 million for operations in Mexico. Specifically, US$3 million are tagged […]
Three factors to understand the success (and failure) of a startup
Today’s Soapbox opinion was written by Daniela Arias, co-Founder of Naranja Media Podcast and Empréndete Contxto – While many of us would like to be the next Steve Jobs, Jeff Bezos, or Mark Zuckerberg, the behind the scenes story of how a startup became a great company cannot be further from those first impressions of […]
Yummy closes seed round to go beyond food delivery in Venezuela
Contxto – Food delivery startups are always up to something in Latin America. Yet, Venezuela is the one country that’s often sidelined from these developments. Mainly due to its internal instability. But for former Postmates director, Vicente Zavarce, there is major potential in his home country. And so, with the goal of bringing a tried-and-tested […]