Why Naspers CEO Fabricio Bloisi’s iFood Ecosystem Works | Analysis

Naspers is building an e-commerce portfolio around three ecosystems in Europe, Latin America and India, with iFood emerging as its standout asset for unlocking portfolio value apart from Tencent. Bloisi said revenue from iFood’s non-food delivery business grew nearly 50% year over year and now accounts for about 40% of total revenue. Monthly orders reached 100 million for the first time at the end of 2024. In 2022, Prosus acquired full ownership of iFood for €1.5 billion and said food delivery alone represented an addressable market of $8 billion in Latin America.