Amazon Buys Stake in Latin American Delivery Startup Rappi
Amazon.com Inc. has acquired a stake in the Colombian delivery startup Rappi Inc., a strategic partnership that combines Amazon's retail and technology expertise with Rappi's prominent last-mile delivery capabilities in Latin America. The deal is expected to strengthen Amazon's presence in the growing Latin American e-commerce market, where Rappi operates in several countries. Rappi, founded in 2015, is a well-known delivery service that offers on-demand services for food, groceries, and other products. The financial details of the investment were not disclosed, but the partnership is seen as a move by Amazon to expand its logistics and delivery infrastructure in the region, leveraging Rappi's established network and customer base. The collaboration is likely to enhance the reach and efficiency of Amazon's services in Latin America, as the company continues to invest in its international growth.
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