Endeavor

2023 Endeavor Impact Report

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Founder Pathways: One of the reasons the world withstood COVID-19 was because apps carried it forward… on two wheels. Stuck at home, people relied on delivery bikes. The company that made this possible in much of Latin America was Rappi, a Colombian delivery startup turned "super app," founded by long-time friends and serial entrepreneurs Simón Borrero, Felipe Villamarín, and Sebastian Mejía. In 2007, during his final year of college, Simón scraped together $212 in savings to start a web agency. Then, in 2013, he also developed the mobile shopping platform Grability. You would think that Simón had his hands full, but while working at Grability, he stumbled upon a problem with delivery services — they forced customers to comb through endless text menus to find items to buy. Simón partnered with Sebastian and Felipe to solve this problem, and Rappi was launched in 2015. By 2018 the company was valued at $1 billion, making it one of Latin America's first unicorns. Rather than being a distraction, the founders' previous businesses gave them the skills and experience they needed to build a scalable business and navigate the region's economic uncertainty. Rappi Founders, Simón Borrero (left), and Sebastian Mejia (right) 1 2

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