T. Rowe Price led the $500m Series F round in Rappi.

Synopsis

T. Rowe Price led the $500m Series F round in Rappi, a Colombian delivery startup. Other investors include Baillie Gifford, Third Point, Octahedron, GIC and SoftBank. This round marks the valuation milestone of the company at $5.25bn. The startup operates in 250 cities of Latin America and nine countries.

Principals

target

RAPPI

bidder

Octahedron Capital

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Market Context