+29%

est. 2Y upside i

FinTechSeries D+

On-demand delivery and super app platform for Latin American markets

Rank

#1322

Sector

Consumer / Delivery / Fintech

Est. Liquidity

~2Y

Data Quality

Data: Medium

Rappi is LatAm's super-app success story: $1.3B revenue, 52% growth, EBITDA positive.

Last updated: March 21, 2026

Bull (30%)+200%

IPO 2026 at 6-8x rev ($7.8-10.4B). Fintech+ads scale. Super-app flywheel compounds.

Base (45%)+50%

IPO at 4-5x ($5.2-6.5B). Flat-to-modest from $5.25B. Profitability validates.

Bear (25%)-40%

iFood wins Brazil; FX devaluation; fintech credit losses. IPO at $3B.

Est. time to liquidity~1.5 years
Adjusted for competitive dynamics: 78% (raw: 29%, adjustment: +5%)

Preference Stack Risk

high

Funding Intensity

47%

$2.46B raised; need strong IPO above $5B for common upside.

Dilution Risk

moderate

EBITDA positive; no dilutive round needed.

Secondary Liquidity

limited

Some secondary; $25M Amazon note recent.

View all 2 open roles at Rappi →

Last updated: March 10, 2026

Questions to Ask at the Interview

Strategic questions based on Rappi's data — designed to show you've done your homework.

  • 1

    “IPO timeline and banker engagement?”

  • 2

    “Brazil competitive strategy vs iFood?”

  • 3

    “RappiPay/RappiCard credit loss rates?”

Cluster Peers

Expected Upside

Rappi
+29%
Flexport
-30%
Shippo
-44%
EasyPost
-61%
Stord
-68%
ShipBob
-80%

Community

Valuation Sentiment

Our model estimates +29% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.