Rappi: Colombia’s Decacorn, Pivots from Blitzscaling to Profitability

Rappi Inc. has been the poster child for venture-backed blitzscaling in Latin America for years. The Colombian-born "super app," with its promise to deliver anything from groceries and restaurant meals to cash and pharmaceuticals, achieved a stratospheric valuation and became a ubiquitous presence in major urban centers across the region. Now, the narra…