Overview

• Bloomberg reports that Amazon’s entry uses a $25 million convertible with warrant rights that could allow it to acquire up to 12% of Rappi if timelines are met.
• The reported stake is framed as a way to strengthen Amazon’s regional position by accessing Rappi’s on-demand delivery network.
• The tie-up would build on existing links, including Rappi’s use of AWS and a prior offer of Prime members’ free deliveries in Mexico.
• Amazon and Rappi have not commented publicly on the reported terms or timing of any conversion.
• The development comes after Rappi secured a $100 million loan for refinancing and growth, as coverage notes rising competition with Mercado Libre.