FORTUNE | By Kia Kokalitcheva NOVEMBER 8, 2016, 5:30 PM EST And it has $9 million in the bank from Andreessen Horowitz and other investors. “We actually can be profitable,” Rappi’s founders optimistically proclaimed to a roomful of investors and journalists in March. It was a detail that needed underscoring considering the focus of their startup, an on-demand delivery service. The once hearty appetite for them among investors has vanished because of the sector’s thin margins, high labor costs, and tricky economics...
21/11/2016