On the heels of a US$124m fresh capital injection, iFood acquired Rapiddo for an undisclosed amount. Both companies are backed by Movile. iFood also acquired the Brazilian operations Pedidos Ya
iFood
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Movile raised a fresh US$124m round of financing for iFood, led by Naspers, with participation from Innova Capital. Last year, Movile raised US$82m for iFood and US$53m for Movile, also from Naspers and Innova Capital.
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Naspers & Innova Capital Invest US$82m in Movile to Expand iFood
December 7, 2017South Africa-based media conglomerate Naspers and private equity firm Innova Capital made a US$82m investment in Movile to increase the company’s stake in iFood. (TechCrunch) To hear Naspers and the…
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SpoonRocket Finds a Home with Brazil-based iFood
March 16, 2016(TechCrunch) Brazil-based iFood, a food delivery platform looking to dominate the on-demand economy in Latin America, has bought the on-demand food delivery startup SpoonRocket. Terms of the deal were not…
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Movile’s iFood Acquires Devorando (em português)
February 12, 2016(Baguete) Movile’s food delivery platform, iFood, acquired Devorando for an undisclosed amount expanding both businesses reach across Brazil. Movile’s iFood Acquires Devorando (em português) was last modified: July 26th, 2016…
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Lemann in Negotiates Million Dollar Investment in Movile
November 19, 2015(Exame) Brazilian mobile content business, Movile, is in negotiations with Innova fund, founded by Jorge Paulo Lemann, and Naspers for a US$100m investment. Lemann in Negotiates Million Dollar Investment in…
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(Tech Crunch) Latin American mobile commerce powerhouse Movile and Just Eat, the global online take-out service, have announced a US$50m investment in Brazil’s leading food delivery service, iFood. The raise…
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Breakout Brazilian Food Delivery Service iFood Acquires Papa Rango and Alakarte To Expand Across Brazil
October 23, 2014(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…
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British Food Delivery Giant Just Eat Forms Joint Venture with Brazil’s iFood
September 19, 2014(Dealbook) Just Eat, the British online food-ordering giant that has been expanding globally, has decided to join the competition in Brazil rather than continue fighting it. British Food Delivery Giant…
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(Startupi) Warehouse Investments, a venture capital fund created 3 years ago, made its first exit by selling its entire stake in iFood to Movile. According to Moises Herszenhorn, CEO of…