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...
To Read Full Story Login Below.
Submit comment or question
Note: All comments are displayed with user's screen name. If screen name is not present, user's full name will be used. Please go to My Account to update your screen name.
Comment Policy: Urner Barry has made the comment feature available to encourage further discussion of our news stories. Defamatory or offensive comments, or comments deemed not relevant to the story will be removed, and if necessary, Urner Barry may restrict the right of individual subscribers to offer comments. In all cases, comments represent opinions of the poster only, and do not represent fact, news, opinions or estimates put forward by Urner Barry.
Email Address is required. Password is required.