E-commerce group Prosus is in talks to increase its stake in iFood, Latin America’s biggest food delivery start-up, amid a wave of consolidation in the industry, people with knowledge of the matter said.
Just Eat Takeaway.com has said that they want to sell their shares, and obviously at the right price, we will certainly consider increasing our stake
“We love that business, and it’s run by a great team,” Prosus CEO Bob van Dijk said in an interview this week.
There’s no certainty the negotiations will lead to a transaction, and other suitors could emerge for the iFood stake, the people said.
Just Eat Takeaway has pledged to explore exiting its iFood stake and said it would return about half the net proceeds to its shareholders.
Prosus also owns a stake in Indian delivery startup Swiggy and is the biggest shareholder of Germany’s Delivery Hero.
