iFood’s reported latest funding round was revised upward to US$500 million. LatAm List updates its earlier US$400 million figure and names Naspers and Innova Capital as investors.
Brazilian on-demand food delivery company iFood picks up $30 million in new financing to expand regionally. The funding is intended to help the company solidify its position in online food delivery outside the United States.
Brazilian food delivery service iFood receives a $50 million investment from Latin American mobile commerce company Movile and global online take-out service Just Eat. The investment brings iFood’s total funding to $62 million, and the announcement describes iFood as Brazil’s leading food delivery service.
Brazilian mobile content developer Movile is seeking new investments and has committed a fresh $2 million to iFood, its online delivery service company. The recent investment reflects the growing attention food delivery companies have received in recent weeks.