Breakout Brazilian Food Delivery Service iFood Acquires Papa Rango and Alakarte To Expand Across Brazil

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(Webwire) iFood is announcing the acquisition of Papa Rango and Alakarte , two competitors in Brazil’s fierce market for food deliver y services. With these acqu isitions, iFood brings eighteen new cities into its network and expects to add over 50 thousand orders per month, bringing its total orders per month to over 400,000. iFood is now the go-to delivery service for the majority of Brazil. Read more

Brazil’s Portal Profes Receives Another Investment (em português)

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(Startupi) Portal Profes, which helps students find particular classes, received an investment from Grid Investimentos of an undisclosed amount. Read more

CinePapaya, the Startup of Peru’s Gary Urteaga, Raises US$2M from Movile (en español)

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(Pulso Social) Movile, the Brazilian internet conglomerate, is placing all bets on the Latin American consumer. After raising US$55m to finance their plan to “unify the electronic market by making the shopping experience easier and better for all,” Movile has just invested US$2m in CinePapaya, Peru’s mobile movie ticket vendor and start-up. Read more

Brazil’s Ouro Fino IPO Prices at Top of Range on Strong Demand

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(Reuters) Brazilian veterinary products maker Ouro Fino Saúde Animal Participações SA’s initial public offering priced at the top of the suggested price range on Friday, as investor demand for the nation’s first IPO of the year came in stronger than expected. Read more

Properati Receives New Round of Investments (em português)

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(Startupi) Properati, a platform with 400 thousand properties in Brazil and 130 million in Argentina, received a new investment round of R$5m from investment funds NEVEQ and NXTP. Read more

Enterprise Mobility and Big Data Invested to Innovate Agribusiness (em português)

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(Startupi) Strider, a startup dedicated to technological innovations in agribusiness and headquartered in Belo Horizonte, received an investment of R$5m from Barn Investimentos and launched a breakthrough technology for controlling pests. Read more

VC-backed Delivery Hero buys Subdelivery

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(PEHub) German online food ordering platform Delivery Hero has acquired Brazilian online delivery service Subdelivery. No financial terms were disclosed. Delivery Hero’s backers include Insight Venture Partners, Kite Ventures and Vostok Nafta. Read more

Baidu Buys Peixe Urbano (em português)

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(Startupi) Baidu announced the purchase of local commerce platform, Peixe Urbano, for an undisclosed amount. The acquisition is another step in an expansion of operations in Brazil for the company also known as the Chinese Google for being the biggest search engine in the country, even though it provides other services. Peixe Urbano has received Series A and B investments from Monashees, Tiger Global Management and General Atlantic. Read more

Vistaprint Buys US$25m Minority Stake In São Paulo-Based Printi

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(Tech Crunch) Global printing heavyweight Vistaprint has acquired a US$25m minority stake in Brazilian web-printing startup Printi. The purchase marks Vistaprint’s entry into Latin America, after assuming market leadership in the U.S., Europe and Asia. Read more

Trampos.co Receives Investment from Evolution (em português)

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(IDG Now) VC fund Evolution announced an investment in Trampos.co, an online platform that connects companies with open positions and candidates for employment. Read more