iFood agrees to buy benefits startup Caju for about R$1 billion

iFood Benefícios has agreed to buy Brazilian startup Caju for about R$1 billion.

The deal combines two digital corporate benefits platforms, which together serve about 3 million users.

iFood Benefícios has about 1.7 million users, while Caju serves 1.3 million workers.

Both companies began in 2020, as digital services sought to modernise Brazil’s meal and food voucher market.

iFood says the acquisition is its largest purchase to date and will add Caju’s human-resources management tools to its corporate services.

The deal also supports iFood’s effort to grow beyond food delivery, which accounted for 45% of its revenue in fiscal 2026.

The announcement describes an agreement to buy Caju; it does not give a completion date.