Tuesday, April 30, 2019

Is Japan About To Invest $1 Billion Into Delivery Apps?

Will Japan's Softbank announce a $1 billion investment in Colombian delivery app Rappi? The Rappi investment would be the first one by the newly created Innovation Fund, which is focused on Latin America.

Rappi was valued at $1 billion in its latest funding round in September, backed by DST Global. Rappi operates in Mexico, Peru, Argentina, Chile and Uruguay, besides Brazil.

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