Prosus on the march to food delivery dominance
The company already controls a portfolio of food delivery businesses, with food delivery its fastest growing segment — if the price is right
Naspers-controlled Prosus is considering raising its stake in Brazilian online food delivery platform iFood, as part of a broader strategy to bulk up in fast-growing e-commerce after coming up short in a takeover bid for a British company.
Prosus already owns 65% of iFood, one of Brazil’s biggest online food delivery firms, present in more than 1,000 cities and competing with Softbank’s Rappi and Silicon Valley giant UberEats. With owners of the remaining stake having said they plan to sell their holding, Prosus CFO Basil Sgourdos said the company would be interested, depending on the price...