Rappi Inc., one of Latin America's most prominent startups, is gearing up for a potential initial public offering (IPO) within the next 12 months, according to co-founder Simon Borrero. The Colombian delivery company, operating across nine countries, has reached profitability, allowing it to seriously consider listing in New York. Borrero emphasized that while the company is now ready, there is no urgency to proceed, and the focus remains on generating cash for future investments. Over the past three years, Rappi's revenue has doubled, strengthening its financial position ahead of the anticipated IPO.

Since its founding in 2015, Rappi has rapidly expanded throughout the region, recently breaking even in late 2023. The company is continuing to pour resources into growth, especially in key markets like Mexico and Brazil, following the acquisition of a competitor. Rappi is also focused on innovation, with investments in AI tools for search optimization and voice delivery orders. With a presence in 400 cities, 350,000 delivery workers, and 500,000 affiliated stores, the company is particularly bullish on its Turbo segment, which promises delivery within 10 minutes.