Amazon Buys Stake in Latin American Delivery Startup Rappi

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According to Bloomberg, the operation will allow Jeff Bezos' giant to gain access to a major logistics network that will help him compete with Latin America's e-commerce leader

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Amazon acquired 12% of the Colombian company of distribution Rappi, for 25 million dollars.

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Bloomberg Amazon made an investment in the Colombian technology company electronic commerce and financial services Rappi. With this agreement, the technological giant would be looking to connect its infrastructure with one of the most recognized last mile platforms in Latin America. Read more.

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The possible purchase of the Amazon e-commerce giant (AMZN) of a stake in Rappi opens questions about the pulse that would open with Mercado Libre (MELI), the evolution of the Colombian startup model and competition in the delivery industry in Latin America. Rappi, which has the support of SoftBank Group Corp., Sequoia Capital and T. Rowe Price, would receive an investment of US$25 million from Amazon with the option of acquiring up to 12% of th…