SoftBank invested $1bn in Rappi.

Japan’s SoftBank will invest $1bn in Colombian delivery app Rappi, marking the first move by its newly created Innovation Fund for Latin America. Rappi represents a new era for Latin American technology startups. “SoftBank’s vision of accelerating the technology revolution deeply resonated with our mission of improving how people live through digital payments and a super-app for everything consumers need. We will continue to focus on building innovations for couriers, restaurants, retailers and start-ups that translate into new sources of growth.” Sebastian Mejia, Rappi co-founder.