Latest news with #iFood
Reuters
a day ago
- Business
- Reuters
Prosus-owned iFood buys stake in Brazil's CRMBonus
SAO PAULO, July 29 (Reuters) - Brazilian food delivery platform iFood, owned by Dutch investment group Prosus ( opens new tab, said in a statement on Tuesday it has taken a 20% stake in technology company CRMBonus. The deal's price tag and future financial commitments between the two firms were not disclosed. A source familiar with the transaction told Reuters that the agreement allows iFood to potentially acquire full ownership of CRMBonus in the future, in a deal that could be worth up to 10 billion reais ($1.8 billion). The information was first reported by local newspaper Valor Economico. CRMBonus is a technology company specializing in customer acquisition, engagement and retention solutions in retail. iFood and CRMBonus already have a partnership that provides iFood Club members with special bonus vouchers and assists restaurants in acquiring, retaining, and monetizing customers using CRMBonus tools. According to Tuesday's statement, CRMBonus will use the fresh capital to accelerate technology development, invest in artificial intelligence, and buy back some shares from investors. ($1 = 5.5743 reais)
Zawya
24-06-2025
- Business
- Zawya
South Africa: Naspers lifts core earnings by 46% as e-commerce profitability surges
Technology investor Naspers reported a significant improvement in its financial performance for the year ended 31 March 2025, driven by strong growth and improved profitability in its global e-commerce portfolio. Group core headline earnings rose 46% to $3.1bn, while adjusted earnings before interest and tax (EBIT) turned positive at $130m, compared to a $154m loss in the prior year. Revenues increased 20% year-on-year to $7.2bn. E-commerce revenues grew 21% to $7.0bn, with adjusted EBIT surging to $430m from $24m. Key units delivered strong gains, including food delivery business iFood (aEBIT up 178%), classifieds (aEBIT up 61%), and online retailer eMAG, which achieved profitability. Free cash flow, excluding Tencent contributions, improved by $263m. Naspers also invested $7.8bn over the year to expand its regional ecosystems and support AI-driven startups. Locally, Takealot Group continued to lead South Africa's e-commerce sector, with a 26-fold growth in gross merchandise value over nine years. Classified platforms AutoTrader and Property24 also recorded steady usage and market traction. The group's performance supports its ongoing transition into a more operationally focused technology company, with continued investment in platforms across Latin America, Europe and India.
Mail & Guardian
24-06-2025
- Business
- Mail & Guardian
Naspers accelerates growth and profitability, with 18X improvement in Ecommerce adjusted EBIT
Naspers delivered a strong performance during a transformative year, as we build the leading lifestyle ecommerce company in Latin America, Europe and India, driven by AI and innovation. ● Ecommerce revenue growth of 21%, to US$7.0bn. ● Adjusted EBIT increased 18 times to US$430m. ● iFood aEBIT grew 178%, OLX aEBIT up 61% and eMAG achieved profitability. ● Free cash flow improved by US$263m, excluding Tencent. ● US$7.8bn 1 invested to strengthen our regional ecosystems and expand our portfolio of AI-native startups. ● Buybacks returned over US$50bn 2 , driving 15% NAV per share accretion. Fabricio Bloisi, Group CEO, Prosus and Naspers said: 'Naspers is rapidly transforming into an operating technology company, focused on lifestyle ecommerce, and powered by innovation and collaboration. This past year, we announced two significant deals to strengthen our regional ecosystems. We completed the acquisition of Despegar in May 2025 and are already integrating its products into iFood's Clube membership. We are making good progress with the purchase of Just Eat which will create a new AI-powered tech champion in Europe. 'I believe that truly great companies are shaped by their culture. Through 'The Prosus Way', we've implemented a cultural model that empowers our teams to deliver exceptional customer experiences through discipline, innovation and adopting an AI-first mindset. In the face of unprecedented technological disruption, we are now more connected and innovative than ever before. I'm confident that our enhanced culture and ecosystem approach will fuel our journey to create the next US$100bn in value.' Nico Marais, Group CFO, Prosus and Naspers, commented : 'The Group has delivered a strong financial performance over the past year, with topline growth in our operating businesses at double the rate of our peers. Ecommerce profitability has improved meaningfully from US$24m in FY24, to aEBIT of US$430m. We expect this momentum to continue, and to add at least the same level of incremental aEBIT in FY26. Free cash flow excluding the Tencent dividend improved by US$263m. As our financial position strengthens, we're able to share more with our shareholders, and have proposed a 100% increase in the Prosus dividend, to €0.20. The Group's disciplined capital allocation and strong balance sheet positions us well to execute on our ecosystem strategy.' Includes proposed acquisition of Just Eat which has yet to close. Total capital returned through the open-ended buyback, and the cash buybacks during FY20, FY21 and FY22 of both Prosus and Naspers. Group performance Phuthi Mahanyele-Dabengwa, South Africa CEO and Executive Director, Naspers, commented: 'Our South African businesses have delivered strong results while making everyday life simpler, more connected, and more accessible. I'm proud of the progress we've made in building digital platforms that meet local needs, support small businesses, and create new digital career pathways. This is evident in the continued growth of the Takealot Group, which has grown GMV 26-fold over the past nine years to become South Africa's leading ecommerce platform. It's also evident in our two leading classifieds platforms — Property24 and AutoTrader — which continue to serve millions of users with trusted, market-leading services. As South Africa continues its journey of economic renewal, Naspers remains a committed long-term partner in building a more inclusive, innovative digital economy.' Peer-leading growth and accelerating profitability across Ecommerce portfolio Food Delivery: iFood delivers world-class performance, exceeding growth and profitability targets and drives innovation and ecosystem expansion ● iFood delivered strong top line growth, with Gross Merchandise Value (GMV) up 32%, orders up 29% and revenue increasing 30%. ● iFood's core food delivery business grew aEBIT by 71% to US$306m, improving aEBIT margin to 27%; performance driven by higher ad revenues, increased order frequency and retention driven by iFood's Clube loyalty programme, and investments in its merchant platform. ● iFood's growth initiatives grew revenue by 34%, driven by strong performance in its groceries marketplace and credit businesses. ● Overall, iFood achieved a record profit, with aEBIT of US$226m, up 178%. ● Delivery Hero grew GMV by 8% for FY24, with revenue up 24%, boosting profitability to an adjusted EBITDA of €693m (from €254m in FY23). ● From January to December 2024, Swiggy grew Gross Order Value (GOV) by 29%, while adjusted EBITDA losses reduced to US$182m, from US$261m in the prior year. ● In Q125, Swiggy delivered GOV growth of 40% year-on-year, and quick commerce GOV growth of 101% year-on-year, with 316 new dark stores added in the quarter. ● OLX consolidated revenue grew 18%, with standout performances by motors and real estate verticals. ● Motors and real estate grew revenue 24% and 23% respectively, through improved monetisation, innovative product development and new trust-building initiatives within motors, and product enhancements within real estate. ● aEBIT accelerated by 61% to US$270m, with aEBIT margin up 10pp, to 35%. Payments & Fintech – PayU: Strong topline growth and improving profitability, despite challenging market conditions ● India payments TPV 5 increased by 17%, and revenues by 14%; aEBIT loss of US$12m reflects increased competition, resulting in lower take rates. ● India payments achieved breakeven in H2. ● India credit grew its loan book by 19% and revenues by 63%; aEBIT loss of US$32m impacted by higher costs and increased consumer loan book losses. ● Iyzico grew revenues 87% to US$288m, while aEBIT of US$18m at a margin of 6% reflected rising interest rates and investments in strategic growth initiatives. ● GPO revenues up 23% to US$340m, with aEBIT of US$12m; sale of GPO's LatAm and Africa operations completed in March 2025, while GPO Europe sale is ongoing. ● Overall, PayU's aEBIT losses improved by >100% to US$11m. Etail: eMAG achieved overall profitability target for FY25 and Takealot grew strongly, cementing its leadership position through innovation and customer focus. ● eMAG grew strongly with GMV up 9%, and revenue up 12% to US$2.5bn. ● eMAG aEBIT improved by US$40m to US$14m; includes one-off costs in Hungary in H1. ● eMAG improved performance due to good growth in Romanian etail, and emerging logistics and grocery businesses. ● Takealot Group grew GMV by 13% and revenue by 15%, driven by investments in logistics, enhanced customer offerings and the TakealotMore subscription service. ● orders increased 15%, GMV up 13% and revenues grew 17%, with growth underpinned by expansion in emerging product categories. ● Mr D: Revenue grew 8%, with an 81% increase in groceries GMV and an improved aEBIT of US$4m, despite tough trading conditions. Please note: Group results are shown on a consolidated basis from continuing operations, which reflect all majority owned and managed businesses. All OLX Autos business units are classified as discontinued operations, in line with IFRS disclosures. All growth percentages shown here are in local currency terms, excluding the impact of acquisitions and disposals (M&A), unless otherwise stated. Growth percentages shown here for all non-financial key performance indicators compare FY25 to FY24. For full details of the Group's results, please visit .
Time of India
23-06-2025
- Business
- Time of India
The hand that guides to buy
The Cannes Lions International Festival of Creativity recognises a wide spectrum of creative work, extending beyond Grand Prix winners to include notable campaigns that earn silvers and bronzes. In " BE Extraordinary ," a series collaborating with Harsh Kapadia, CCO, Grey India , we highlight work that warrants discussion for its execution and results. This segment delves into the Creative Commerce category, exploring campaigns that demonstrate innovative approaches to consumer transactions and business models, driving tangible impact for brands within the commercial sphere. Preserved Promos - Ziploc, VML Ziploc, a brand recognised for its core promise of preserving freshness and extending the life of various items, expanded this fundamental product benefit to the realm of consumer promotions. In collaboration with VML, Ziploc addressed a common consumer frustration: the expiration of discount coupons and grocery vouchers before they could be utilised. The brand introduced an initiative named "Preserved Promos," which allowed for the extended validity of these coupons. The mechanism was straightforward: if a customer included Ziploc products in their shopping cart, the digital or physical coupons they possessed would automatically gain an extended lifespan, preventing their premature expiry. This innovative approach directly aligned Ziploc's established brand equity in preservation with a tangible, practical financial benefit for its consumers, thereby demonstrating a clear and immediate connection between the utility of its product and a prevalent shopping challenge. Recipe for Growth - iFood, DM9 São Paulo "Recipe for Growth" was an initiative from iFood, developed in collaboration with DM9 São Paulo, that addressed a significant challenge faced by new restaurant businesses in Sao Paulo: a high failure rate within their first two years, often due to a lack of business management knowledge despite culinary skill. iFood, as a prominent food delivery service, leveraged its extensive internal data, which included detailed insights into food trends, consumer behavior, and spending habits across various areas. Utilising this proprietary data, iFood created a digital tool designed to function as an evolving restaurant management guide. This tool provided actionable insights that helped restaurant owners make informed decisions regarding their menus, marketing and operations. By directly supporting the success and sustainability of these small businesses, iFood simultaneously reinforced its own growth model, as the prosperity of its restaurant partners directly translated into increased order volumes on its delivery platform. Makeup Payment - MasterCard, MRM Brazil / São Paulo MasterCard introduced "Makeup Payment" in Brazil during Carnival, addressing concerns about security and convenience in crowded environments. The initiative, developed in collaboration with MRM Brazil / São Paulo, involved creating connected jewelry that incorporated NFC payment technology. These wearable devices were designed to blend seamlessly with festive makeup and attire, appearing as forehead ornaments, neck pieces, or other decorative elements. This allowed individuals to make payments without needing to carry wallets or visible payment cards. The integration of payment functionality into personal accessories aimed to provide a secure and unobtrusive method for transactions amidst the chaos and large crowds of the Carnival celebrations. (At BE Extraordinary, a series about the winners at Cannes Lions in collaboration with Harsh Kapadia, CCO, Grey India, we peer outside the Grand Prix, and look at clutter breaking work that picked the silvers and the bronzes, but don't often get discussed.)
Business Wire
23-06-2025
- Business
- Business Wire
Naspers Accelerates Growth and Profitability, With 18X Improvement in Ecommerce Adjusted EBIT
CAPE TOWN, South Africa--(BUSINESS WIRE)--Naspers Limited (Naspers) (JSE: NPN) delivered a strong performance during a transformative year, as we build the leading lifestyle ecommerce company in Latin America, Europe and India, driven by AI and innovation. Ecommerce revenue growth of 21%, to US$7.0bn. Adjusted EBIT increased 18 times to US$430m. iFood aEBIT grew 178%, OLX aEBIT up 61% and eMAG achieved profitability. Free cash flow improved by US$263m, excluding Tencent. US$7.8bn 1 invested to strengthen our regional ecosystems and expand our portfolio of AI-native startups. Buybacks returned over US$50bn 2, driving 15% NAV per share accretion. Fabricio Bloisi, Group CEO, Prosus and Naspers said: 'Naspers is rapidly transforming into an operating technology company, focused on lifestyle ecommerce, and powered by innovation and collaboration. This past year, we announced two significant deals to strengthen our regional ecosystems. We completed the acquisition of Despegar in May 2025 and are already integrating its products into iFood's Clube membership. We are making good progress with the purchase of Just Eat which will create a new AI-powered tech champion in Europe. 'I believe that truly great companies are shaped by their culture. Through 'The Prosus Way', we've implemented a cultural model that empowers our teams to deliver exceptional customer experiences through discipline, innovation and adopting an AI-first mindset. In the face of unprecedented technological disruption, we are now more connected and innovative than ever before. I'm confident that our enhanced culture and ecosystem approach will fuel our journey to create the next US$100bn in value.' Nico Marais, Group CFO, Prosus and Naspers, commented: 'The Group has delivered a strong financial performance over the past year, with topline growth in our operating businesses at double the rate of our peers. Ecommerce profitability has improved meaningfully from US$24m in FY24, to aEBIT of US$430m. We expect this momentum to continue, and to add at least the same level of incremental aEBIT in FY26. Free cash flow excluding the Tencent dividend improved by US$263m. As our financial position strengthens, we're able to share more with our shareholders, and have proposed a 100% increase in the Prosus dividend, to €0.20. The Group's disciplined capital allocation and strong balance sheet positions us well to execute on our ecosystem strategy.' Phuthi Mahanyele-Dabengwa, South Africa CEO and Executive Director, Naspers, commented: 'Our South African businesses have delivered strong results while making everyday life simpler, more connected, and more accessible. I'm proud of the progress we've made in building digital platforms that meet local needs, support small businesses, and create new digital career pathways. This is evident in the continued growth of the Takealot Group, which has grown GMV 26-fold over the past nine years to become South Africa's leading ecommerce platform. It's also evident in our two leading classifieds platforms — Property24 and AutoTrader — which continue to serve millions of users with trusted, market-leading services. As South Africa continues its journey of economic renewal, Naspers remains a committed long-term partner in building a more inclusive, innovative digital economy.' Peer-leading growth and accelerating profitability across Ecommerce portfolio Food Delivery: iFood delivers world-class performance, exceeding growth and profitability targets and drives innovation and ecosystem expansion iFood delivered strong top line growth, with Gross Merchandise Value (GMV) up 32%, orders up 29% and revenue increasing 30%. iFood's core food delivery business grew aEBIT by 71% to US$306m, improving aEBIT margin to 27%; performance driven by higher ad revenues, increased order frequency and retention driven by iFood's Clube loyalty programme, and investments in its merchant platform. iFood's growth initiatives grew revenue by 34%, driven by strong performance in its groceries marketplace and credit businesses. Overall, iFood achieved a record profit, with aEBIT of US$226m, up 178%. Delivery Hero grew GMV by 8% for FY24, with revenue up 24%, boosting profitability to an adjusted EBITDA of €693m (from €254m in FY23). From January to December 2024, Swiggy grew Gross Order Value (GOV) by 29%, while adjusted EBITDA losses reduced to US$182m, from US$261m in the prior year. In Q125, Swiggy delivered GOV growth of 40% year-on-year, and quick commerce GOV growth of 101% year-on-year, with 316 new dark stores added in the quarter. 3 All growth percentages shown here are in local currency terms, excluding the impact of acquisitions and disposals (M&A), unless otherwise stated. 4 Nominal basis Expand Classifieds – OLX Group: Strong performance, with a significant jump in profitability and expanding margins OLX consolidated revenue grew 18%, with standout performances by motors and real estate verticals. Motors and real estate grew revenue 24% and 23% respectively, through improved monetisation, innovative product development and new trust-building initiatives within motors, and product enhancements within real estate. aEBIT accelerated by 61% to US$270m, with aEBIT margin up 10pp, to 35%. Payments & Fintech – PayU: Strong topline growth and improving profitability, despite challenging market conditions India payments TPV 5 increased by 17%, and revenues by 14%; aEBIT loss of US$12m reflects increased competition, resulting in lower take rates. India payments achieved breakeven in H2. India credit grew its loan book by 19% and revenues by 63%; aEBIT loss of US$32m impacted by higher costs and increased consumer loan book losses. Iyzico grew revenues 87% to US$288m, while aEBIT of US$18m at a margin of 6% reflected rising interest rates and investments in strategic growth initiatives. GPO revenues up 23% to US$340m, with aEBIT of US$12m; sale of GPO's LatAm and Africa operations completed in March 2025, while GPO Europe sale is ongoing. Overall, PayU's aEBIT losses improved by >100% to US$11m. Etail: eMAG achieved overall profitability target for FY25 and Takealot grew strongly, cementing its leadership position through innovation and customer focus. eMAG grew strongly with GMV up 9%, and revenue up 12% to US$2.5bn. eMAG aEBIT improved by US$40m to US$14m; includes one-off costs in Hungary in H1. eMAG improved performance due to good growth in Romanian etail, and emerging logistics and grocery businesses. Takealot Group grew GMV by 13% and revenue by 15%, driven by investments in logistics, enhanced customer offerings and the TakealotMore subscription service. orders increased 15%, GMV up 13% and revenues grew 17%, with growth underpinned by expansion in emerging product categories. Mr D: Revenue grew 8%, with an 81% increase in groceries GMV and an improved aEBIT of US$4m, despite tough trading conditions. Please note: Group results are shown on a consolidated basis from continuing operations, which reflect all majority owned and managed businesses. All OLX Autos business units are classified as discontinued operations, in line with IFRS disclosures. All growth percentages shown here are in local currency terms, excluding the impact of acquisitions and disposals (M&A), unless otherwise stated. Growth percentages shown here for all non-financial key performance indicators compare FY25 to FY24. Expand For full details of the Group's results, please visit 5 Total Payment Volume Expand About Naspers Established in 1915, Naspers has transformed itself to become a global technology company and one of the largest technology investors in the world. Through Prosus, the group is building the world's leading lifestyle ecommerce brands, across Europe, India and Latin America, unlocking an AI-first world for our 2 billion customers. Prosus has its primary listing on Euronext Amsterdam, and a secondary listing on the Johannesburg Stock Exchange and Naspers is the majority owner of Prosus. In South Africa, Naspers is one of the foremost investors in the technology sector and is committed to building its internet and ecommerce companies. These include Takealot, Mr D Food, Autotrader, Property24 and PayU, in addition to Media24, South Africa's leading print and digital media business. Naspers has a primary listing on the Johannesburg Stock Exchange ( and a secondary listing on the A2X Exchange ( in South Africa and a level 1 American Depository Receipt (ADR) programme which trades on an over-the-counter basis in the US. For more information, please visit Naspers Labs In 2019, Naspers Labs, a youth development programme designed to transform and launch South Africa's unemployed youth into economic activity, was launched. Naspers Labs focuses on digital skills and training, enabling young people to pursue tech careers.
