Rappi, LATAM’s leading on-demand delivery service, has acquired Fountain9, an Indian company known for its innovative AI-driven supply chain solutions.
As part of this strategic asset acquisition, Rappi acquires Fountain9 intellectual property and the existing team will join Rappi as part of the newly formed entity in India.
The company will continue to support the existing Fountain9 customer base and it lands a footprint in India to tap into the local talent base.
The Rappi – Fountain9 journey began through their Y Combinator connection. Fountain9 proved transformational in boosting availability and reducing shrinkage in the operations of Rappi Turbo as a client first. This success instilled confidence in Fountain9’s ability to drive growth and reduce costs which set the stage for a closer partnership to acquire the company’s assets and team.
“Acquiring Fountain9 assets is a game-changer for Rappi as we continue to push the boundaries of what’s possible with AI and supply chain technology,” said Felipe Villamarin, Co-Founder, Rappi. “This acquisition not only strengthens our TURBO operations but also allows us to offer state-of-the-art supply chain solutions to external partners, further establishing Rappi as a tech-driven company.
Rappi’s presence in India underscores the company’s strategic focus on accelerating talent acquisition to strengthen its LATAM operations.
Although Rappi will not have operational activities in India, the Fountain9 acquisition marks a pivotal step in positioning Rappi as a global magnet for top talent – further enhancing its LATAM success.
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