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

Magma Partners Invests in Deenty “The Google of Chilean Dentists”

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(PulsoSocial) Chilean-American private equity fund Magma Partners, which was launched this year with US$5m, added Deenty, an online dentist search platform, to their portfolio. 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

Technisys Raises US$13m to Continue Empowering Latin American Banks (en español)

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(Pulso Social) Technisys, the startup that empowers banks is exhibiting their services through different channels, raised US$13m in a funding round Serie B by Intel Capital, Alta Ventures, KaszeK Ventures, Endeavor Catalyst and former investor Holdinvest. 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

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 Receives Investment from Evolution (em português)

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

Capital Índigo Announces PineBridge Investments As Its Newest Investor

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(Press Release) Capital Índigo, a private equity firm based in Mexico City, recently secured an investment by the leading global multi-asset class investment manager, PineBridge Investments. This investment is aimed at the firm’s fund “Índigo I FICAP”, which is focused primarily on growth-equity and mezzanine investments in Mexican mid-sized companies. Read more