The Amsterdam-based division of Naspers is a global consumer internet group and one of the largest technology investors in the world. It has invested in Movile since 2008 and is now its majority shareholder.
The investment was geared at expanding Movile’s companies, including iFood; MovilePay and Zoop, two of Brazil’s leading fintechs; as well as Mensajeros Urbanos, a Colombia logistics company that is rapidly expanding in Mexico and other LatAm countries. Movile also plans to invest in tech startups in Brazil and across Latin America.
Prosus has a strong track record of investing in, transforming and scaling food delivery businesses in some of the world’s highest-growth markets. Larry Illg, CEO of Prosus Food, said the Brazilian food delivery sector has grown significantly over the past four years. “There is substantial opportunity for further expansion in both the restaurant food delivery business and through building out the platform in areas such as grocery and quick commerce. iFood has established itself as a technology leader in Brazil and its success places it among the most innovative food delivery companies across the globe.
Prosus has a primary listing on Euronext Amsterdam and secondary listings on the JSE and a2X Markets.
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