iFood plans to increase operations in retail in 2020

Brazilian app iFood, which specializes in delivering ready-to-eat meals to consumers in large cities, is looking to expand its services to other areas and plans to increase operations in retail, chief financial officer Diego Barreto said on Friday.

The app, which is controlled by Brazilian company Movile and received an investment of $500 million last year from Naspers and Innova Capital, plans to increase to 1,000 from 200 the number of supermarkets served by its platform, reports Reuters.

The plan comes at a time when large supermarket chains such as GPA are investing to boost their online-ordered deliveries, and other companies such as urban mobility app 99 start a food delivery service, the 99 Food.

Barreto said iFood, which has been in the Brazilian market since 2011 connecting restaurants to consumers, wants to keep the focus on the food chain, and the increase in the supermarkets operation is part of that strategy.

The company said orders in November increased 116% to 26.6 million, despite rising competition.

Avatar

This article has been posted by a News Hour Correspondent. For queries, please contact through [email protected]
No Comments

Translate this News

Join the Facebook Group

Click here to join the Facebook group of News Hour

Popular Posts

Sacred Games exposes Rajshri Deshpande nude [video]
Samsung Bangladesh announced exciting offers at Dhaka International Trade Fair 2019
Samsung Galaxy S20 comes with game-changing camera and features
Apollo Hospitals Dhaka organized a patient forum for Blood Cancer survivors
Anurag Kashyap shoots Kubra Saith 7 times nude and made her cry for frontal nudity scene [Video]
Grameenphone brings in the iPhone 11 series in Bangladesh

Advertisement

News of the Month

December 2019
S M T W T F S
« Nov   Jan »
1234567
891011121314
15161718192021
22232425262728
293031  
Scroll Up
%d bloggers like this: