Just Eat Takeaway sells stake in Brazil’s iFood for up to $1.8B
European food ordering and delivery giant Just Eat Takeaway has revealed that it’s selling its stake in Brazil’s iFood for up to €1.8 billion ($1.8 billion) to Prosus. The initial deal
DEUNA enters Latin America’s crowded one-click checkout sector flush with $37M
The company is targeting the region's challenges of customer acceptance, conversion and fraud with its "Commerce 3.0" payment infrastructure.
WhatsApp ramps up revenue with global launch of Cloud API and soon, a paid tier for its Business App
WhatsApp is continuing its push into the business market with today’s news it’s launching the WhatsApp Cloud API to all businesses worldwide. Introduced into beta testing last November, th
Zubale bags new capital to match gig workers with LatAm e-commerce fulfillment jobs
Now flush with new capital, the company plans to launch some embedded financial products for the independent workers using its marketplace.
H Twenty Capital aims to be ‘go-to fund for pre-seed investments’ in Latin America
Venture capital continues to flow into Latin America at a staggering rate. Just over $15 billion went into startups in 2021, according to LAVCA. That was three times more than the association recorded
Digital restaurant startup Zak orders up new capital on mission to be ‘Toast of LatAm’
As food operators themselves, ZAK founders saw first-hand last year the toll it was taking on restaurants that needed to quickly reinvent themselves during the pandemic.
WhatsApp brings its Business API to the cloud to speed adoption
WhatsApp will today begin beta testing a new, cloud-based version of its WhatsApp Business API, hosted on parent company Facebook’s infrastructure. With the shift to the cloud, the setup time fo
Brazil’s idwall raises $38M for identity validation platform
Online fraud and identity theft is a global problem that has only been exacerbated with increased online transactions amid the COVID-19 pandemic. In particular, it is estimated that Brazilian companie
Meet Justos, the new Brazilian insurtech that just got backing from the CEOs of 7 unicorns
Here in the U.S. the concept of using a driver’s data to decide the cost of auto insurance premiums is not a new one. But in markets like Brazil, the idea is still considered relatively novel. A new
Brazil’s iFood outlines sustainability initiatives aiming to reduce its carbon footprint
The Brazilian-based pan-Latin American food delivery startup iFood has announced a series of initiatives designed to reduce the company’s environmental impact as consumers push companies to focu
Latin America Roundup: Big rounds, big mergers and a $3.8M pandemic fund from Nubank
Sophia Wood Contributor Share on Twitter Sophia Wood is a Venture Partner at Magma Partners. Sophia is also the co-founder of LatAm List, an English-language Latin American tech news source. More post
IFood merges with Delivery Hero’s Domicilios.com to challenge Rappi in Colombia
Latin America’s leading legacy food delivery company iFood and Delivery Hero-owned Domicilios.com are merging in a bid to take on the food startup Rappi on its home turf. The price of the transactio
Latin America Roundup: Grupo ZAP, Grow Mobility, Wavy get acquired; Credijusto adds $100M; Cornershop, iFood brace for delivery boom
As the world locks down borders and capital flows to brace for the impact of coronavirus, Brazilian startups continue to attract international attention.
Bringing affiliate marketing and outsourced customer acquisition to Brazil nets Escale $22.6 million
Despite not being Brazilian and having their first exposure to the country only a few years ago, the two co-founders of Escale have managed to raise $22.6 million for their company, which provides cus
A new $124 million for Brazil’s Movile proves that investors still see promise in Latin American tech
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 mobil
Latin America’s Movile is quietly building a mobile empire
By 2020, Brazilian mobile giant, Movile, wants to improve the lives of more than one billion people through its apps.
Silicon Valley is a state of mind
“Silicon Valley is a state of mind,” said Ambassador Pedro Borio, Consulate General of Brazil in San Francisco, during a recent address at the annual BayBrazil Conference. Borio spoke of the major
SpoonRocket is coming back from the dead
You can scratch what you heard just a few months ago about the end of SpoonRocket because its new owner, Brazil-based iFood, is bringing it back. Well, sort of. SpoonRocket, the on-demand meal delive
While many on-demand food startups fail to deliver, iFood picks up $30 million to expand in Latin America
The Brazilian on-demand food delivery company, iFood has picked up $30 million in new financing to expand regionally and solidify its grip over the online food delivery market outside of the US.
Latin America’s chronic inefficiency could drive more O2O commerce growth
There are numerous daily tasks that can be solved with ease in the U.S. In comparison, the lack of training, standardization and process in Brazil creates chronic inefficiencies in the service sector