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RIO DE JANEIRO, BRAZIL - Simón Borrero, CEO and co-founder of Colombia-based Rappi, is accused of stealing trade secrets to develop the delivery App that competes with iFood and Uber Eats.

Three Colombian businessmen have filed a lawsuit in San Francisco. The company says the allegations are "objectively incorrect". The company has recently dismissed six percent of employees in Latin America, including 150 in Brazil.

Bloomberg had access to the lawsuit against Rappi: It claims Borrero stole trade secrets while working for 'Imaginamos', a software development company based in Bogotá, Colombia.

'Imaginamos' was hired in 2015 to work . . .

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