02 Sep 2024
iFood hits major milestone of 100 million orders per month in August
iFood hits major milestone of 100 million orders per month in August
Food Delivery business delivers more aEBIT in Q1’25 than in entire 1H’24
Dear Partners,
I am thrilled to announce that Prosus's iFood has hit an amazing milestone of delivering more than 100 million orders in August. That is a more than 30% increase year-over-year driven by the strength of the iFood product and brand in Brazil, and the unwavering loyalty of our more than 60 million customers, 300,000 delivery partners and over 350,000 restaurant partners.
Our priority in Prosus is profitable growth. So it is a pleasure to highlight that at the same time that the business is growing fast, our profitability is also growing fast. iFood generated more aEBIT, previously known as trading profit, in Q1'25 than in the entire first half of last year.
I’d like to thank iFood's amazing team for their dedication. They have built the company from its humble beginnings to one of the most loved food delivery brands globally.
Although I’m excited with these results, I know that we are just getting started, and we have a lot of growth and improvements ahead! So please now join me on the next journey to get to 200 million orders per month!
Um abraço,
Fabricio Bloisi
PS. If you want to know more about how Artifical Inteligence is helping iFood to reach proftabible growth, please check out this case study. Visit my social media channels for more about what’s going on at Prosus (Prosus LinkedIn; Fabricio LinkedIn; Instagram).
About Prosus
Prosus is a global consumer internet group and one of the largest technology investors in the world.
Operating and investing globally in markets with long-term growth potential, Prosus builds leading consumer internet companies that empower people and enrich communities.
The group is focused on building meaningful businesses in the online classifieds, food delivery, payments and fintech, and education technology sectors.
Through the Prosus Ventures team, the group invests in new technology growth opportunities within logistics, fintech, health, blockchain, social and ecommerce platforms, agriculture and more.
The team actively backs exceptional entrepreneurs using technology to improve people's everyday lives.
Each month, over two billion customers across the globe use the products and services of companies that Prosus has invested in, acquired or built.