November 15, 2018 |
Brazil's Movile said it has raised another $400m for the iFood food delivery app to go along with the $100m it has already put up this year.
The South African media group Naspers and the US investment firm Innova have committed $400m for Movile to invest in iFood. Movile and the British food delivery service Just Eat have already spent $100m on iFood this year, Movile said in a press release.
iFood recorded 390,000 orders per day in Brazil in the last week of October, more than double the 183,
Brazilian app company gets an additional $400m from its backers Naspers and Innova to invest in iFood