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Amazon Buys Stake in Latin American Delivery Startup Rappi
15 Articles
15 Articles
According to Bloomberg, the operation will allow Jeff Bezos' giant to gain access to a major logistics network that will help him compete with Latin America's e-commerce leader
Amazon acquired 12% of the Colombian company of distribution Rappi, for 25 million dollars.
Amazon took a strategic step in Latin America by acquiring a stake in Rappi, the Colombian home delivery startup that has become a true regional "unicorn" since its founding in 2015. The transaction, as revealed by Bloomberg, was finalized through a convertible promissory note of US$25 million, a modest amount for the e-commerce giant, but one that opens the door to something bigger: the right to purchase up to 12% of Rappi through warrants (sto…
PYMNTS.com
BizTocAmazon Invests in Latin American Last-Mile Delivery Provider Rappi
Amazon reportedly invested a $25 million convertible note in Colombia-based Rappi, which provides last-mile delivery of groceries and restaurant meals in Latin America. The deal allows Amazon to buy as much as 12% of the company via warrants if certain milestones are met, Bloomberg reported Monday (Sept. 8), citing unnamed sources. Reached by PYMNTS, Amazon declined to comment on the report. According to the Bloomberg report, Amazon of…
Amazon was surprised to announce the purchase of a stake in Rappi, the Colombian delivery platform that over the past decade...
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