Colombia’s Rappi raises over $300 mm in funding round

Colombian all-purpose delivery app Rappi has raised over $300 million in a funding round that saw interest from T. Rowe Price Associates, Inc, among others, the company said on Thursday. Rappi, which operates in nine countries across Latin America, is valued at around $3.5 billion. Its investors include Softbank, Andreesen Horowitz, DST Global, Delivery Hero, Y Combinator and Sequoia Capital.

Source: Nasdaq