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1. SoftBank sinks $1B in Columbian deliveries
SoftBank ([[SFTBF]],[[SFTBY]]) invested $1B in Columbian delivery startup Rappi with half of the money coming from SoftBank Group’s Latin America-focused Innovation Fund and the rest from the Vision Fund.
Rappi’s platform lets customers buy products from delivery with a particular focus on restaurant food and supermarket goods. The company has expanded into Brazil, Mexico, and Argentina. Rappi was valued at