Returning investor SoftBank was among the participants in a series F round that hiked the on-demand delivery service's valuation to $5.25bn.
Colombia-based on-demand delivery service Rappi has secured over $500m in series F funding from investors including telecommunications and internet conglomerate SoftBank, TechCrunch reported yesterday citing a company statement.
Investment management firm T Rowe Price led the round, which also featured Baillie Gifford, Third Point, Octahedron Capital and GIC. The cash was raised at a $5.25bn valuation, according to TechCrunch.
Rappi operates an app-based delivery service stretching across some 250 cities in nine Latin American countries. Its key product areas include…
