Movile Secures $53M in Funding

Movile, a LatAm provider of mobile marketplaces, secured $53m in funding.

The round was led by Naspers (injecting $30M into the company) with participation from Innova Capital (injecting $23M).

The company intends to use the funds to accelerate growth of Movile’s core business and Rapiddo, (“Fast” in Portuguese), a recently launched Online-to-Offline (O2O) platform that consolidates several popular consumer services in a single place, across Latin America (LatAm)

Led by Fabricio Boisi, CEO, Movile operates an ecosystem of around 100M monthly active users (MAU) combining all its businesses. The company has been acquiring and building mobile businesses in LatAm for more than a decade including iFood (food delivery marketplace), PlayKids (kids content marketplace), Rapiddo Delivery (cloud delivery marketplace), Maplink (cloud-based routing for deliveries), Sympla (tickets marketplace) and Superplayer (music marketplace).
Led by Mauro Piazza, Director, Rapiddo is a LatAm O2O consolidated mobile marketplace which leverages O2O services that Movile has developed over the years. Top-up services for pre-paid phones has already been launched with additional services including food delivery, grocery delivery, ticketing, courier delivery services and more to come soon. In addition, the company will be welcoming select partners to join the platform, like Taxis, which will provide users with access to transportation within Rapiddo.



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