iFood Gets $2.6 Million From Movile To Become Brazil’s GrubHub

What's Next In Payments®
4:10 PM EST February 6th, 2013

Movile has invested $2.6 million in food delivery startup iFood, according to TechCrunch. IFood is a service similar to GrubHub or Seamless and is available for both Android and iOS devices.

The mobile food delivery startup is already delivering more than 50,000 orders a month for more than 1,000 restaurants in Brazil, and expects to increased to 5,000 restaurant chains by 2014.

Read the full story here.

Topics:
Comments
Also by This Author
What's Hot
Merchant Innovation
Etsy Heading Toward IPO
News
Mandarin Oriental Hotels Hit With A Breach
Mobile Commerce
Why Walmart Bailed On Google’s Local Shopping Ads
Mobile Commerce
Cardfree Adds Loyalty To Its Mobile Wallets
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
International
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
Merchant Innovation
Etsy Heading Toward IPO
News
Mandarin Oriental Hotels Hit With A Breach
Mobile Commerce
Why Walmart Bailed On Google’s Local Shopping Ads
Mobile Commerce
Target’s Digital Era Comes With Job Cuts
View All Articles ››