Endeavor

2018 Endeavor Impact Report

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19 Together, Rappitenderos deliver almost three orders per minute. Customers can request nearly anything on the app, from typical orders such as groceries or takeout from a local restaurant, to help with running an errand, like withdrawing cash or going to the bank to pay a bill. Small business owners also benefit, with an expanded reach around a city, rather than just a localized customer base. The platform was developed with a "do-good" mentality. For each merchant transaction, Rappi pays itself a 15% commission and pays the company's couriers the delivery fee that customers are charged, supporting micro-entrepreneurs—and creating new ones in the process. "Rappi has been very supportive of me while I work and study simultaneously. I make extra income and manage my own schedule," said Alejandro Largacha, who has been a Rappitendero for over two years. "I'm constantly being pushed to become a better and more organized person, and that's what I'm most grateful for with Rappi." The first Colombian company to reach a $1 billion valuation, earning it unicorn designation, Rappi has been a source of inspiration and transformation in the entrepreneurship ecosystem. BY THE NUMBERS: 3 0,0 0 0 Rappitenderos 3 2 cities in Latin America S P OT LI G H T: R A PPI

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