M&A Deal Summary

Rappi Acquires Fountain9

On September 5, 2024, Rappi acquired information technology company Fountain9

Acquisition Highlights
  • This is Rappi’s 1st transaction in the Information Technology sector.
  • This is Rappi’s 1st transaction in the United States.
  • This is Rappi’s 1st transaction in California.

M&A Deal Summary
Date 2024-09-05
Target Fountain9
Sector Information Technology
Buyer(s) Rappi
Deal Type Add-on Acquisition

Target

Fountain9

San Francisco, California, United States
Fountain9 is a technology company specializing in AI-driven solutions for supply chain optimization. Leveraging advanced machine learning algorithms, the company's's platform offers cutting-edge tools for demand sensing, pricing optimization, and predictive inventory planning. By providing real-time insights and accurate forecasts, It helps businesses reduce waste, improve efficiency, and enhance overall supply chain performance. Fountain9 is based in

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Buyer(S) 1

Buyer

Rappi

Bogotá, Colombia
Category Company
Founded 2015
Sector Internet Software and Services
DESCRIPTION

Rappi is a Super App that offers a comprehensive range of services, from food delivery, groceries, and beverages to e-commerce, travel, financial services, and more. It operates in nine countries across the region, including Brazil, Argentina, Chile, Mexico, Peru, Costa Rica, Ecuador, and Uruguay. Rappi was formed in 2015 and is based in Bogotá, Colombia.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
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