Naspers, Innova Capital back Movile with $82 million



To hear Naspers and the Latin American marketplace developer Movile tell it, food is the thing to make a company king in international markets.

Naspers, a South African-based global investor and media conglomerate, has joined the private equity firm Innova Capital to funnel another $82 million into Movile — primarily to increase Movile’s stake in iFood, a Latin American food delivery vendor.

Movile has business lines that include logistics and delivery, ticketing, online gaming,…

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