SoftBank's Innovation Fund and Vision Fund have each invested $500m in delivery platform Rappi, whose investors also include Delivery Hero.
Internet and telecommunications group SoftBank is investing up to $1bn in Colombia-based logistics platform Rappi, it announced yesterday.
The corporate’s $5bn Innovation Fund, which it is currently in the process of raising, supplied half the capital while its Vision Fund provided the other $500m.
Founded in 2015, Rappi operates an on-demand delivery service that was present in 35 cities across Argentina, Peru, Chile and Uruguay as well as its home country, as of the end of 2018.
The company…
