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iFood is a prominent online food ordering and delivery platform based in São Paulo, Brazil, founded in 2011. It holds over 80% market share in the Brazilian food delivery sector and connects customers with a vast network of more than 300,000 restaurants through its mobile app and website. The company employs around 5,000 people and reported revenues of approximately $1.6 billion. In addition to food delivery, iFood has expanded its services to include grocery delivery through iFood Mercado, which has grown significantly since its launch in 2019. The platform now handles millions of grocery orders from thousands of stores across numerous cities. iFood utilizes advanced logistics and technology to enhance delivery efficiency and customer satisfaction, solidifying its leadership in the competitive Brazilian market. The company serves a diverse customer base, including individual consumers and food service providers, and is actively engaged in sustainability initiatives.
Delivery Hero is a global online food delivery and quick commerce platform founded in Berlin, Germany, in May 2011. The company has grown significantly, operating in approximately 70 countries and managing a multi-brand portfolio that includes over 20 successful brands such as Yemeksepeti, Talabat, Foodpanda, and Glovo. The company offers a centralized marketplace for online food delivery, allowing customers to browse restaurant menus, place orders, and make payments. Delivery Hero also manages its own rider networks to optimize delivery logistics and enhance the customer experience. Additionally, it has launched dedicated dark store networks to provide quick commerce services, delivering groceries and essentials in under 20 minutes. With a strong customer base and a commitment to innovation, Delivery Hero continues to lead in the food delivery industry.
The everything store for restaurants in LATAM.
NotCo is a Chilean food technology company founded in 2015, focused on creating plant-based alternatives to animal products using artificial intelligence. The company utilizes its proprietary AI platform, Giuseppe, to analyze the molecular structure of animal-based foods and identify plant-based ingredients that replicate their taste and texture. This innovative approach allows for faster and more precise product development. NotCo offers a variety of plant-based products designed for mainstream consumers, including NotMilk, a dairy-free milk alternative, NotBurger, a plant-based burger patty, and other items like NotMayo, NotIceCream, and NotChicken. These products are available in major retail chains such as Whole Foods and Walmart, and are featured in menus at popular foodservice brands like Shake Shack and Starbucks. NotCo has also formed strategic partnerships, including a joint venture with Kraft Heinz and collaboration with McDonald’s, to expand its reach and develop new plant-based offerings.