Collaborative Economy: New Competitor in Costa Rica

After investing $2 million, the company Rappi, dedicated to the service of food delivery, orders and cash transport, began operations in the country.

Friday, October 18, 2019

This type of service supply is increasing in the Costa Rican market, as Rappi will have to compete with Uber Esats, Glovo and Hugo.

You may be interested in "Collaborative Economy: Business Diversifies"

Mateo Albarracín, Rappi's direct expansion manager, told Elfinancierocr.com that "...they have high expectations for Costa Rica. We see that it is a strategic market because of its commercial dynamism (...) We are going to help economic growth."

The article adds that "... The offer will be based on the delivery of meals (they already have 450 affiliated restaurants), the purchase of groceries, an agreement with PriceSmart for purchases of larger volumes, and with Fresh Market for liquors and convenience products. They will also deliver medicines through an alliance with the Fischel pharmacies."

RappiFavor, will be another of the services, which consists of moving a fir tree from one side to the other with the help of the application collaborators. Rappi executives said that by 2020 they plan to invoice close to $10 million.

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More on this topic

Collaborative Economy: New Investments Planned

March 2021

After Delivery Hero bought the digital home delivery platform Glovo in 2020, the company has informed that in order to compete in the Guatemalan market it intends to execute an ambitious investment plan.

In September last year, after a transaction worth around $272 million was agreed, the German company Delivery Hero acquired Glovo's operations in eight Latin American countries, including Costa Rica, Honduras, Guatemala, Panama and the Dominican Republic.

Collaborative Economy: Opportunities and Competition

November 2020

Although dealing with a demanding and challenging market with several competitors, companies dedicated to the transportation of people and delivery still visualize multiple opportunities in Costa Rica.

The need to access more efficient mobility, changes in consumption patterns and the upward trend in the introduction of smartphones and the Internet, have created a business scenario in which the demand for mobile platform services dedicated to the transportation of people and home delivery, increases over the years.

Delivery Apps: Glovo Has a New Owner

September 2020

In a transaction valued at around $272 million, German company Delivery Hero acquired Glovo's operations in eight Latin American countries, including Costa Rica, Honduras, Guatemala, Panama and the Dominican Republic.

Delivery Hero strengthens its position in Latin America, adding Peru, Ecuador, Costa Rica, Honduras and Guatemala to its existing presence, and further expanding its existing operations in Argentina, Panama and the Dominican Republic, the German business group reported.

Delivery Apps: Proposal to Regulate Commissions

August 2020

In Costa Rica, a bill to give the Ministry of Economy, Industry and Commerce the power to determine the maximum commissions and amounts that may be charged by digital platforms such as UberEats, Glovo, Rappi and Hugo was presented.

This bill arose in a context of booming demand for fast food with home delivery, and a complicated relationship between restaurants and delivery applications.

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