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

What's Next In Payments®
4:10 PM EDT 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.

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