iFood acquires Brazilian HR and benefits startup Caju
Brazilian corporate benefits provider iFood Benefícios announced the acquisition of Caju, a startup that offers employee benefits, expense… The post iFood acquires Brazilian HR and benefits startup Caju appeared first on LatamList .
Brazilian food delivery giant iFood Benefícios has acquired Caju, a startup specializing in employee benefits, expense management, and HR solutions. The acquisition price remains undisclosed, but it requires approval from Brazil's Administrative Council for Economic Defense (Cade) and the Central Bank. Caju, which was established in 2020, joins iFood Benefícios, a company also founded in 2020, that offers a comprehensive benefits package via a single card for food, transportation, education, culture, and healthcare.
The acquisition bolsters iFood Benefícios' standing in Brazil's corporate benefits market, which processes around $28 billion in transactions annually. iFood Benefícios currently serves 65,000 corporate clients and 1.7 million users, while Caju boasts over 70,000 corporate clients and 1.3 million users.
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- iFood pays R$ 1 billion for Caju and doubles down on benefits braziljournal.com
