Industry Newsroom

DST, Sequoia and Andreessen Horowitz Invest US$200 Million in Rappi (Latin America)

Private investment firm DST Global has led a US$200-million financing round for Colombia-based on-demand delivery startup Rappi, valuing the company at more than US$1 billion. Existing investors Sequoia Capital and Andreessen Horowitz also participated in the round. Rappi delivers beverages, meals, groceries, technology products and medicine. The company also has a cash withdrawal feature that allows users to pay with credit cards and then receive cash from one of Rappi’s delivery agents.