Japanese Softbank must announce on Tuesday $1 bi investment in Rappi, says source

SAO PAULO (Reuters)-the Japanese Softbank is expected to announce on Tuesday an investment of 1 billion dollars in Colombian Rappi delivery application, told Reuters a source with knowledge of the matter. The investment would be the first of the newly created Rappi Innovation Fund, Latin America facing another Softbank's global investment vehicle, the Vision Fund, also will participate. To Rappi was valued at 1 billion dollars in your last round of funding in September, supported by investor DST Global. SOFTBANK and Rappi had no comment immediately on the issue. In addition to Brazil, Mexico, Peru operates in Rappi, Argentina, Chile and Uruguay. The Brazilian financial blog Brazil Journal reported earlier about the deal.