Company type | Privately held company |
---|---|
Founded | 2011 |
Founder | Eduardo Baer Felipe Ramos Fioravante Gabriel Pinto Guilherme Bonifacio Michel Eberhardt Patrick Sigrist |
Headquarters | , Brazil |
Revenue |
|
Owner | Movile, part of Prosus (Naspers) |
Number of employees |
|
Website | www |
iFood is a Brazilian online food ordering and food delivery platform, currently operating in Brazil and previously in Colombia. The company holds over 80% market share of the food delivery sector in Brazil.[1] It is owned by Dutch-based Prosus (part of Naspers) and its Brazilian investment firm Movile.[2]
It merged its businesses in Argentina and Colombia with rivals PedidosYa in August 2018 and Domicilios.com in March 2021 respectively, brands of Delivery Hero which is also owned by Prosus.[3][4] It operated as SinDelantal in Mexico until December 2020.[5]
Currently, iFood holds 83% of the meal delivery market in Brazil[6][7] and is the subject of proceedings by CADE.[8][9][10] A survey by the Brazilian Association of Bars and Restaurants (ABRASEL) pointed out that orders made by the platform are on average 17.5% more expensive for the consumer, compared to the same order made directly at the restaurant.[11]