The company will invest 4.7 billion Brazilian reais, about $850 million, in Brazil through March 2027, according to the announcement.
The spending is expected to support technology, logistics, restaurant partnerships and initiatives aimed at improving service for customers and couriers.
iFood, owned by Prosus, has become a major force in Brazil’s delivery economy, connecting consumers with restaurants and retailers across the country.
The investment comes as delivery platforms compete for market share while facing pressure to offer faster service, lower costs and better conditions for workers.
Brazil remains a central market for iFood, where digital ordering has expanded rapidly and delivery has become a routine part of urban life.
The company did not immediately provide a detailed breakdown of how the funds will be allocated or specify how many jobs the investment could create.