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Movile closes US$124 million round; the largest ever investment in the company

Movile closes US$124 million round; the largest ever investment in the company New funds will be used to further scale iFood, Zoop and Sympla’s operations

São Paulo, July 12, 2018 - Movile, one of the global leaders in mobile marketplaces, announces a new round of investment led by Naspers with participation by Brazilian investment fund, Innova Capital. The round marks the largest in the company’s history, with a combination of primary and secondary investment totaling US$124 million dollars. The fresh capital will be used for the expansion of several of the group’s companies, including Zoop and Sympla, in addition to scaling iFood’s business with an investment in logistics.
 
Since Movile’s last round of capital of US$82 million in December 2017, the company has itself invested in two startups including Mercadoni, a Colombian grocery business, and Zoop, which specializes in payment services. The investments marked the company’s first in the grocery and fintech segments. 
 
"Movile wants to increasingly foster the global ecosystem of innovation. By focusing our energy into the logistics, tickets and payments segments, we’ll boost iFood, Sympla and Zoop’s scalability potential and impact the daily experiences of even more customers,” explains Helisson Lemos, Movile’s COO.   
 
For Fabricio Bloisi, Movile’s CEO, the investment will help the company get closer to the big dream of its more than 1,600 employees: making lives better for one billion people through thecompany’s applications. "The culture of the Movile team is that we think big, act fast and are always striving for growth. The DNA of entrepreneurship, collaboration and innovation are present in every part of our ecosystem. Our company’s big dream, culture and DNA propel us to expand our portfolio of companies, contribute to the growth of these businesses and offer real results to our own investors. We also want to be an example in Latin America, showing startups that there is space here to grow locally and globally.”
 
According to Martin Tschopp, COO of Naspers Ventures and Movile board member, "Naspers has been a long-term partner of Movile because of its ability to build transformative mobile businesses in Latin America and beyond. Movile has great expertise in identifying high-potential companies in consumer segments with opportunity for massive growth, including food delivery with iFood, which is why we continue to support the company.”
 
Since its foundation, Movile has raised more than US$375 million. The capital has been used to expand the company's own businesses, in addition to the acquisition and investments in more than 20 companies including PlayKids, Sympla, iFood, MapLink, Apontador, SuperPlayer, Mercadoni and Zoop, among others.
 
For more information on Movile, please visit: www.movile.com
 
About Movile
Movile is a leader in mobile marketplaces and has as great dream to make the lives of 1 billion people better through their applications. The company, which operates in Brazil, the United States, France, Mexico, Colombia, Peru and Argentina, already has more than 100 million active users. With 1600 employees passionate about the same dream, empowered to build new businesses with global potential and motivated to take risks, Movile's main pillars are the Food, Tickets, Education & Care and Services segments.
 
About Naspers
Founded in 1915, Naspers is a global internet and entertainment group and one of the largest technology investors in the world. Operating in more than 120 countries and markets with long-term growth potential, Naspers builds leading companies that empower people and enrich communities. It runs some of the world’s leading platforms in internet, video entertainment, and media.

Naspers companies connect people to each other and the wider world, help people improve their daily lives, and entertain audiences with the best of local and global content. Every day, millions of people use the products and services of companies that Naspers has invested in, acquired or built, including Avito, Brainly, Codecademy, Delivery Hero, eMAG, Flipkart, ibibo, iFood, letgo, Media24, Movile, MultiChoice, OLX, PayU, Showmax, SimilarWeb, Swiggy, Twiggle, and Udemy. Similarly, hundreds of millions of people have made the platforms of its associates a part of their daily lives: Tencent (www.tencent.com; SEHK 00700), Mail.ru (www.corp.mail.ru; LSE: MAIL), MakeMyTrip Limited (www.makemytrip.com; NASDAQ:MMYT) and DeliveryHero (www.deliveryhero.com; Xetra: DHER) 
Naspers is listed on the Johannesburg Stock Exchange (NPN.SJ) and has an ADR listing on the London Stock Exchange (LSE: NPSN).
 
For more information, please visit www.naspers.com.
 
About Innova
Founded in 2009, Innova manages capital for leading investors with a long term view and global presence. The Innova founders are experienced investors having been involved in the largest technology transactions in Latin America. Innova focuses on innovation and growth, looking to back exceptional entrepreneurs who will develop leading companies innovating in their industries. Some of the current investments of Innova include Clearsale (leading anti-fraud platform for online transactions), Accera-Tradeforce (leading player in the information for FMCG in distribution, retail and execution at POS), Sigga (leading player in enterprise asset management software), Snap (one of the leading social messaging networks) and Movile, the largest mobile content and services player in Latin America.

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