Naspers-backed Prosus completed the acquisition of the remaining 33.3% stake in iFood from Just Eat Takeaway.com for €1.8bn.

Naspers-backed Prosus, a provider of internet based services, completed the acquisition of the remaining 33.3% stake in iFood, an operator of an online platform intended to offer food ordering services, from Just Eat Takeaway.com, a global online food delivery marketplace, for €1.8bn. “The Brazilian Food Delivery sector has grown significantly over the past four years. There is substantial opportunity for further expansion in both the restaurant food delivery business and through building out the platform in areas such as grocery and quick commerce. iFood has established itself as a technology leader in Brazil and its success places it among the most innovative food delivery companies across the globe. We are thrilled to be fully backing the company on its path to transform the entire food chain to better serve customers,” Larry Illg, Prosus Food CEO.