By Luciana Magalhaes
SAO PAULO (Reuters) -Brazilian meals supply app iFood, owned by Dutch funding group Prosus, introduced on Tuesday direct investments of 17 billion reais ($3.1 billion) within the nation between April 2025 and March 2026.
The spending, a 25% rise from the earlier 12-month interval, primarily targets boosting platform site visitors, rising repeat purchases throughout the app, and increasing the corporate’s operational areas.
iFood Chief Govt Officer Diego Barreto stated in an interview that the platform maintains a constructive outlook on Brazil’s economic system regardless of international uncertainties from geopolitical tensions.
“This geopolitical dialogue will cross,” he stated, including that iFood, which plans in three-year cycles, anticipates a “persistently low unemployment fee, with the Central Financial institution displaying a relentless battle to maintain inflation at a low degree, and the nation rising.”
The app invested 10.3 billion reais in 2024 and 13.6 billion reais in 2025, contemplating the 12-month intervals ending in March.
The brand new capital can even be directed in direction of expertise and innovation segments, in addition to to offer credit score for purchasers, for in-app use, and for eating places, the CEO stated.
The platform is including 1,100 new direct workers to its workforce, over half in expertise. This enlargement will push the entire workforce past 8,600 workers, in line with the manager.
The brand new funding determine doesn’t embrace assets iFood has put aside for doable acquisitions, the CEO stated, declining to touch upon media experiences that the platform was eyeing Alelo, a serious worker advantages card supplier.
Presently, iFood works with 400,000 on-line and offline institutions and serves 55 million prospects, working in 1,500 cities. Having reached 120 million orders monthly in 2025, the platform now goals for a month-to-month quantity of 200 million orders inside three years.
($1 = 5.4969 reais)
(Reporting by Luciana Magalhaes; Modifying by Stephen Coates)
