Amazon.com Inc. has taken a stake in the Colombian delivery company Rappi Inc., a strategic partnership that pairs the e-commerce giant’s retail and technology infrastructure with one of Latin America’s best-known last-mile delivery outfits.
Getting access to Rappi’s logistics network could help Amazon compete with regional e-commerce heavyweight MercadoLibre Inc. For Rappi, the partnership brings an endorsement from North America’s biggest online retailer and opportunities to tap into its logistics and cloud-computing networks.
The initial investment — a $25 million convertible note, according to a person familiar with the transaction — is small for Amazon. But the deal entitles ...
