The reasons for its instability speed that Rappi had to grow its operations throughout the continent was impressive, but considering recent events it was negative for the Peruvian sector. Currently, the unicorn of Colombian origin is suffering from special circumstances, generated by the weakening of startups . For Edwin Zácipa , who is CEO of Latam Fintech Hub , he comments that “There is pressure to have profitability in startups from their investors. Pure growth metrics are no longer sustainable or even the only requirement. Now (investors) look at those who have solid economic units.
Startups postpone their growth
Projects and their expansion into new markets , exit products and concentrate on operations to achieve better margins. They withdraw from markets and lay off people. Rappi is in this process .” Strong competition for Rappi In terms of competitors, the Peruvian and Latin American markets are extremely complex for Iraq WhatsApp Number Data Rappi’s environment. The app situation in Peru has become more competitive with the departure of international financial companies such as DiDi Food and PedidosYa. Added to this, InRetail has joined the race, this for its newest acquisition Jorkr.
Definitely the Peruvian market
Not perfectly consolidated to have a large number of competitors. Each new firm that enters has significant financial muscle. “ DiDi Food had projected an investment of US$3 million Egypt Telegram Number List to US$4 million , intended for promotions and discounts. To the vast majority of startups that burn money like crazy. They are closing the pipe,” explains Helmut Cáceda , who is the president of the Peruvian Chamber of Electronic Commerce (CAPECE). In 2015, when it was founded, Rappi has generated some US$2.86 billion in investments . By September 2022, the company finalized its series F with an amount of US$500 million.
