Generation Z is reshaping the entertainment market in Brazil. According to the global study "The Truth About Youth," conducted by McCann Truth Central, although they are hyperconnected, 68% say they feel better represented in face-to-face meetings than on social media. With this in mind, Sympla announced the acquisition of Gandaya, a startup founded in 2022 and a leader in experiences geared towards Generation Z, focusing on expanding the offerings and personalizing the journey for young people
The Brazilian technology conglomerate Movile has just raised one of the largest rounds ever recorded for a Latin American startup, pulling in an additional $400 million for its iFood subsidiary from existing investors, including Naspers and Innova Capital.
Brazil’s macroeconomic picture may be gloomy, but technology investors still see hope in the nation’s burgeoning technology sector — and a recent $124 million financing for the mobile conglomerate Movile is the latest proof that the pace of investment isn’t slowing down.