With the agreement, companies plan to combine existing operations
iFood, a leading foodtech company in Latin America and Delivery Hero, one of the leading global online food ordering and delivery marketplaces, announced today an agreement to create a partnership to help grow the online food delivery ecosystem in the Colombian market. The combined companies will have the largest geographic presence in Colombia with more than 12,000 restaurants in over 30 cities across the country. The agreement is subject to customary conditions of closing including applicable merger control procedures.
“In recent years, we have worked to grow iFood in Brazil and across Latin America. The time has come to increase our presence in Colombia, which is a very strategic country for our future growth. Domicilios.com operations are complementary to ours and with the partnership we will serve twice as many cities as other players in the market. In addition to geographic leadership, we will be bringing our world-class expertise in technology, including artificial intelligence (AI), to enhance the experience on Domicilios.com for consumers, restaurants and delivery partners” says Fabricio Bloisi, CEO of iFood.
iFood will hold a majority stake in the combined entity and will focus its efforts on increasing the capacity of operations. "The Colombian market has great growth potential and the new partnership will accelerate our investments in Colombia. We will have a highly experienced team to lead the integration process of the two companies, which will combine the good practices of both enterprises and create a culture that prioritizes the customers of our businesses – restaurants, delivery partners and, of course, hungry Colombians", explains Carlos Moyses, iFood’s Corporate and Latin America Vice President. Once the deal is approved, Moyses will be in charge of the integration plan and will kickstart the new operation.
The partnership will bring a series of benefits to the entire food delivery ecosystem in Colombia. For restaurant and delivery partners, there will be a significant amount of additional business, and consumers will have access to a larger and more complete offering of products and services, with the influence of iFood’s leading expertise.
“We see tremendous potential in this partnership. Not only will it give us great exposure to one of the most attractive on-demand delivery markets globally and one of the strongest markets in Latin America, but in joining forces with iFood, we will also welcome excellent operational knowledge that will help us to drive and expand our services in Colombia. We look forward to sharing know-how and continue investing into local solutions with a global impact”, said Niklas Östberg, Co-founder and CEO of Delivery Hero.
Founded in 2011, iFood is one of most innovative foodtech companies in the world and a leader in Brazil, processing more than 26 million orders each month. In addition to operating in Brazil, it is also present in Colombia and Mexico. The Brazilian company has investors, such as Movile - a global leader in mobile marketplaces - and Just Eat - a leading global hybrid marketplace for online food delivery.
iFood, one of the world's most innovative foodtechs and a leader in online food delivery in Latin America, has 26 million monthly orders in Brazil. After nine years in the market, the company of Brazilian origin is also present in Mexico and Colombia. It works with partners and initiatives that bring together business intelligence and management solutions for more than 147 thousand restaurants registered in more than 1 thousand cities throughout Brazil. iFood has key investors such as Movile - the global leader in mobile marketplaces - and Just Eat - a leading global hybrid marketplace for online food delivery.
About Delivery Hero
Delivery Hero is the world's leading local delivery platform. The company maintains number one competitive market positions in 35 out of 43 countries across Europe, Latin America, Asia-Pasific, the Middle East and North Africa in terms of restaurants, active users, orders, online and mobile platforms. Delivery Hero also operates its own delivery service primarily in over 530 cities around the globe. Headquartered in Berlin, Germany, Delivery Hero has over 22,000 employees across its markets.
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