Online food delivery platform iFood has secured another $500m in a round featuring majority owner Movile and fellow corporate Naspers.

Mobile commerce platform Movile and media and e-commerce group Naspers participated in a $500m funding round for Brazil-based online food delivery platform iFood yesterday, Forbes reported.

The corporates were joined in the round by private equity firm Innova Capital. Movile invested as iFood’s majority owner, having held a 60% stake following a round in 2015, while Naspers is one of Movile’s largest investors.

Founded in 2011, iFood runs an online platform that allows customers to order food from a network…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.



Not sure if you have a subscription?
Robert Lavine

Robert Lavine is special features editor for Global Venturing.
email
Linked in