The company will continue to support Fountain9’s current customer base and establish a presence in India to leverage local talent.
Rappi, a multi-vertical technology company present in nine Latin American countries, announced the acquisition of the assets of Fountain9, a pioneering company in India known for its innovative AI-powered supply chain solutions.
As part of this strategic asset acquisition, Rappi is acquiring Fountain9’s intellectual property, and the existing team will join Rappi as part of the new entity in India. The company will continue to support Fountain9’s current customer base and establish a presence in India to leverage local talent.
Fountain9, a company recognized for its AI-powered inventory planning platform, has significantly improved the supply chain efficiency of numerous companies by providing cutting-edge technology in demand sensing, pricing optimization, and predictive inventory planning. The platform uses machine learning to forecast demand, reduce waste, and improve overall supply chain performance.
The relationship between Rappi and Fountain9 began through their connection at Y Combinator, and in the years that followed, Fountain9 proved instrumental to Rappi in increasing availability and reducing shrink in Rappi Turbo’s operations, initially as a customer. This success built confidence in Fountain9’s ability to drive growth and reduce costs, paving the way for a closer partnership and the acquisition of the company’s assets and team.
“The acquisition of Fountain9’s assets is important for Rappi as we continue to push the boundaries of what is possible with AI and supply chain technology,” said Felipe Villamarín, Co-Founder of Rappi.
"This acquisition not only strengthens our TURBO operations, but also allows us to offer cutting-edge supply chain solutions to external partners, further consolidating Rappi as a technology-driven company. We are excited to continue this path at scale, ensuring the acquisition of the right SKUs that align with our future growth plans."
With this asset acquisition, the two co-founders, Niki Khokale and Rajas Lonkar, as well as members of the Fountain9 team, will join Rappi, bringing their extensive expertise in AI and supply chain technology. This move is set to enhance Rappi’s TURBO value proposition, further cementing its position as a leader in the delivery industry.
"We are incredibly excited to join forces with Rappi. Our mission at Fountain9 has always been to leverage the power of AI to transform supply chain operations. By integrating our technology with Rappi's extensive delivery network across Latin America, we are poised to drive unprecedented efficiency and innovation in the industry. We look forward to contributing to Rappi's vision and creating impactful solutions together," said Niki Khokale.
Rappi’s presence in India underscores the company’s strategic focus on accelerating talent acquisition to strengthen its operations in Latin America. Although Rappi will not have operational activities in India, the acquisition of Fountain9’s assets marks a crucial step in positioning Rappi as a global magnet for top talent, further strengthening its success in the Latin American market.
