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IFOOD INVESTMENT
Delivery app iFood to invest $4.7 billion in Brazil through March 2027The company will direct spending across four areas: strengthening restaurant operations, expanding new delivery categories such as pharmaci...- Prosus broadening India remit to back firms at all stagesSpeaking to ET after Prosus reported its half-yearly earnings, its India ecosystem head Ashutosh Sharma said the investor has the ability t...
- Prosus doubles half-year core profit amid e-commerce pivotProsus reported a 99% surge in adjusted half-year core profit, reaching $423 million, driven by strong digital services and e-commerce perf...
- Prosus will offer Brazilians access to tech giants via BDRsIts BDR listing will allow Brazilian investors to gain exposure to several local companies, such as iFood, the travel booking platform Deco...
- Zomato joins delivery platforms coalition to drive green vehicles adoptionThe coalition's founding charter unites members to dramatically speed up the implementation of zero-emission deliveries by shifting to elec...
- Brazil's iFood app announces $3.1 billion in investmentsiFood chief executive officer Diego Barreto said in an interview that the platform maintains a positive outlook on Brazil's economy despite...
- ETtech Exclusive | Closing new deals in India despite Byju's debacle: Prosus CEO Fabricio BloisiFabricio Bloisi, CEO of Prosus and Naspers, affirmed continued investment in Indian startups despite a $500 million loss from Byju's. Highl...
- Amazon’s q-comm move; green shoots for IT sectorHappy Monday! Amazon wants to catch up in the quick commerce race. We have a Monday AM scoop on the latest from the US ecommerce major in t...
- Prosus CEO Fabricio Bloisi landing in August to take stock of businessFabricio Bloisi, who was appointed CEO of Prosus in May, will be in New Delhi and Bengaluru meeting some of the top portfolio firms like Sw...
- Delhivery slides back to losses; Prosus names new CEOLogistics startup Delhivery fell back into the red for the March quarter but managed to narrow its losses on a year-on-year basis. This and...
- Swiggy, Meesho investor Prosus and parent Naspers name Fabricio Bloisi as CEOFabricio Bloisi appointed chief executive of Prosus and Naspers, succeeding Bob van Dijk. Bloisi, current CEO of iFood, a food delivery bus...
- Prosus undertakes internal reorganisation, appoints separate leaders for edtech and food deliveryAs part of the reshuffle, Larry Illg, who was acting as the chief executive of the combined segment (food delivery and edtech), will be ste...
- Swiggy, Zomato figure in world's top 10 e-commerce food delivery platformsThe report by ETC Group said, " "The food delivery sector is rapidly consolidating, but ownership is a moving target. As companies jostle f...
- Just Eat Takeaway soars on $1.8 billion iFood stake sale to ProsusProsus will pay 1.5 billion euros in cash and up to 300 million euros more for Takeaway's 33% stake in iFood.
- Prosus says Indian portfolio firms Swiggy, Byju’s saw strong growth in FY22“Our food platforms continued to grow strongly at the core of the food delivery business and are now investing to extend that growth throug...
- Unfortunate that investing has turned political, globally: Naspers' Bob van DijkIndia banned 59 Chinese origin apps last month, including TikTok, and there have been reports suggesting that the United States could follo...
- Naspers’ India appetite for food is far from done, says CEO Larry IllgWith over $2 billion invested in food delivery globally, South African media giant Naspers is only just getting warmed up in India.
- Naspers is said to plan further investment in $2 billion SwiggyAfrica’s largest company by market value has indicated that it intends to support a financing that could raise more than $600 million, Swig...
- Provisions relating to Finance Bill, 2011The provisions of the Finance Bill, 2011 relating to direct taxes seek to amend the Income-tax Act, 1961.
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