iFood Plans 4.7 Billion Investment in Brazil
Brazilian delivery app iFood plans to invest 4.7 billion dollars in the country through March 2027. The funding will target restaurant operations, new retail categories, technology, and its fintech unit.
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Delivery app iFood will invest $4.66 billion in Brazil through March 2027, boosting spending 41% from its previous cycle. The company is backed by PROSUS NV, a Netherlands-based investment group. The capital allocation targets restaurant operations, new categories, proprietary technology, and its fintech unit.
