Brazil's iFood App Announces $3.1 Billion in Investments

Brazilian food delivery app iFood, owned by Dutch investment group Prosus, announced on Tuesday direct investments of 17 billion reais ($3.1 billion) in the country between April 2025 and March 2026.

The spending, a 25% rise from the previous 12-month period, primarily targets boosting platform traffic, increasing repeat purchases within the app, and expanding the company's operational areas.

iFood Chief Executive Officer Diego Barreto said in an interview that the platform maintains a positive outlook on Brazil's economy despite global uncertainties from geopolitical tensions...

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