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Movile (company)

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Movile
Company typePrivate
IndustryInternet
Computer software
Telecoms equipment
Founded1998 (1998)
FounderFabricio Bloisi & Eduardo Henrique
Headquarters
Campinas, SP
,
Brazil
Number of employees
1600
Websitemovile.com

Movile is a local Brazilian firm headquartered in Campinas, Brazil. Movile operates in the segments of food ordering and delivery, ticketing, and logistics. It has had mixed success till now with the bet on food delivery maturing (iFood) while other bets still at nascent stage or under performing.

History

In 1998, Fabricio Bloisi founded a startup that would later become Brazil's Movile.

In its early stage, Movile focused on innovating and exploring advanced technologies, mobile devices, text messages using the Short Message Service (SMS) standard and the first chat through SMS. In the beginning, the company to enabled ringtone commerce in Brazil, as well as the development of the country's first Wireless Application Protocol (WAP) search portal. Movile was also the first company in Latin America to send images through the Multimedia Messaging Service (MMS) standard.

In 2007, Bloisi focused on expansion. In 2008, and Movile built itself into the largest company in the Latin American mobile commerce industry through merges and acquisitions with companies like Yavox and Cyclelogic establishing a presence in over ten countries with offices in Argentina, Peru, Colombia and Mexico.[citation needed]

In 2012, the team started operations in Silicon Valley.[1]

Timeline

1998–2010: early years

Movile was originally named Intraweb and was founded in 1998 by two former Universidade Estadual de Campinas (Unicamp) students, Fabricio Bloisi & Eduardo Henrique, in the city of Campinas. The start-up Intraweb was organized through the University's corporate incubator. The initial purpose was to create corporate Intranets.

In 2001, Intraweb was absorbed by the GoWap website, the first company to receive a capital contribution by Rio Bravo Investimentos. This was the birth of GoWapCorp, a company in the field of corporate market data solutions[buzzword] by mean of cell phones.

In 2002, GoWapCorp was the subject of a capital outlay by 'Rio Bravo' and changed its name to Compera.

During 2003 and 2004, the company changed its business model, shifting from software to service provision.[2] Focus was transferred from the corporate market to concessionaires and end customers, with services such as cell phone video, games and music.

In 2007, Compera merged with nTime, a cell phone service company in Rio de Janeiro, creating ComperanTime.[3] In that same year, the mobile marketing company Movile was acquired.

In 2008, MIH Holdings, from the Naspers South African media group, acquired the interest held by Rio Bravo in ComperanTime.[4] and became the company's minority shareholder.

In 2009, ComperanTime announced its merger with Yavox.[5] Following these discussions, Yavox became ComperanTime's wholly owned subsidiary, but both companies and their respective trade marks were to go on existing separately for several months more.

2010–2014: rebranding and expansion

In 2010, following an extended market research period, ComperanTimeYavox decided to change its name to Movile.[6] Jointly with this new trade mark, a change in strategy also took place. Movile's key focus turned to digital inclusion by means of mobile services in emerging countries. During that same year Movile and Cyclelogic announced the merger of their operations in Latin America.[7]

In 2012, Movile opened its first offices in the United States[8] (in Silicon Valley, California) and concentrated its business strategy on that country's Latino market.[9]

By 2013, Movile invested $1.6 million in the startup iFood[10] and broadened the scope and number of orders by creating a smartphone application like PlayKids app release – considered to be the Children's Netflix.[11] The PlayKids app stood out during the year at Apple Store[12] and Google Play.[13] Between 2012 and 2013, Movile was part of Brazil's best IT and Telecomm companies to work in. A survey held by the Great Place to Work Institute [14] institute jointly with Computerworld[15] magazine.

2014 marked a big year for expansion. There an additional $2 million investment in iFood.[16] PlayKids arrives in 24 countries: Spain, France, USA, Australia, UK, Canada, among others.[17] Movile's new investment in iFood app leads to the purchase of a competitor Central Delivery.[18] Movile and Accelerator 21212 invest R$1.15 million in Superplayer.[19] Movile raises $55 million (Series D) from Innova Capital, Jorge Paulo Lemann, and FINEP.[20] This new round of financing led to the acquisitions of Rapiddo,[21] ChefTime,[citation needed] and FreshTime with investments in LBS Local[citation needed] (owners of Apontador, MapLink, and Cinepapaya) and TruckPad.

2015–present: growth into a mobile platform

2015 started out strong for Movile with a mid-year investment of $40M (Series E) from Naspers and Innova Capital.[22] Movile then invested $50 million into iFood and Just Eat[23] along with a $15 million investment in PlayKids[24] for China and Japan expansion.

In 2016, Rapiddo acquires on-demand courier service 99Motos.[25] PlayKids expands with content from Sesame Street[26] and additional apps—PlayKids Talk, PlayKids Stories and PlayKids Party. iFood purchases San Francisco-based, online food delivery service, SpoonRocket's technology,[27] to expand their reach into additional restaurants in Latin America. Movile invests in Sympla,[28] a 'do it yourself' ticketing platform for events and Sympla acquires Eventik to expand their presence in ticking. Movile then raises an additional $40 million (Series F) from Naspers and Innova Capital.[29]

2017 saw an additional funding round of $53 million (Series G) from Naspers and Innova Capital.[30]

Businesses and brands

PlayKids

PlayKids was created in 2013 as a streaming-video-on-demand app (SVOD) for children 5 and under. Initially launched in more than 20 countries across Europe, Asia, Africa and Australia and featured original content, as well as content from a range of broadcasters, including DHX Media, PBS and the Jim Henson Company. In 2016, PlayKids expanded with content from Sesame Street and additional apps, as Stories and Party. Today, PlayKids became an education platform, helping kids in their development through educational content and activities. Stories provides a virtual library that can be read or listened to by children 6 to 8 years old. And Party provides interactive learning games for kids 6 to 8 years old.

iFood

Further information: iFood

iFood was founded in 2011. The company uses a website or mobile app along with location information to provide customers with access to menus, prices, payment options and delivery from restaurants located in Argentina, Brazil, Colombia and Mexico[citation needed], where iFood operates through local companies.

MapLink is a logistic and routing company in Latin America. It shows live traffic, maps and addresses, monitors more than 500 thousand vehicles and covers 195 thousand kilometers of roads in Brazil.

Apontador

Apontador is the Brazilian leader in local search[citation needed], showing places, services, discounts, reservations and online facilities. Over 100,000 customers pay for the service.

Sympla

Sympla is a self-service ticketing and event management platform in Brazil.[citation needed]

Afterverse

Afterverse is a game company in more than 14 countries.

Offices

Investors

Naspers now Prosus, the global media and e-commerce group, is Movile's largest investor since 2008.

References

  1. ^ "Brasileira Movile chega ao Vale do Silício - TeleSíntese". telesintese.com.br (in Brazilian Portuguese). August 22, 2012. Retrieved July 20, 2017.
  2. ^ Universia Article, 'Courage and hard work
  3. ^ TeleSíntese Article, 'Compera announces merger with nTime'
  4. ^ Abril Article, 'Compera acquires part of ComperaTime'
  5. ^ Teletime Article, 'ComperaTime and Yavox merge' Archived April 7, 2014, at the Wayback Machine
  6. ^ Article, 'ComperaTimeYavox now renamed Movile'
  7. ^ "TI Inside Article, 'Movile acquires Cyclelogic to expand activities in Latin America'". Archived from the original on August 23, 2014. Retrieved September 4, 2013.
  8. ^ TeleSíntese Article, 'Brazilian company Movile present in Silicon Valley'
  9. ^ "Exame Report, 'They are now the invaders'". Archived from the original on February 16, 2014. Retrieved September 4, 2013.
  10. ^ Exame Report, 'Movile invests R$ 5.5 million in iFood'
  11. ^ Kidscreen Article, 'Kill 'em with cuteness? PlayKids TV app takes on the big vid guys'
  12. ^ iTunes Apple, 'PlayKids'
  13. ^ Google Play, 'PlayKids'
  14. ^ "Great Place to Work, official page of Great Place to Work institute". Archived from the original on August 19, 2013. Retrieved September 4, 2013.
  15. ^ Computerworld magazine, official page of Computerworld magazine with ranking of best IT and Telecomm companies to work in. Archived August 9, 2013, at the Wayback Machine
  16. ^ TechCrunch Report, 'Hungry For New Deals, Latin American Wireless Co. Movile Doubles Down On Delivery'
  17. ^ GigaOm, 'Movile brings its kids video service to two dozen more countries'
  18. ^ TechCrunch, 'Hungry For New Deals, Latin America Wireless Co. Movile Doubles Down on Delivery'
  19. ^ trio-levanta-r-1-milhao-de-investidores-para-impulsionar-versao-gaucha-do-itunes,4544,0.htm/ Estadão PME, 'Trio levanta R$1 milhão de investidores para impulsionar versão gaúcha do iTunes'
  20. ^ TechCrunch, 'Brazil’s Movile Raises $55 Million To Bring Universal Delivery Services To Latin America'
  21. ^ Shieber, Jonathan (July 18, 2016). "Movile's Latin American delivery business, Rappido, is now picking up in Mexico | TechCrunch". Retrieved July 21, 2017.
  22. ^ Editor (June 28, 2016). "Movile Raises US$40m from Naspers and Innova Capital| Latin American Private Equity & Venture Capital Association". LAVCA | Latin American Private Equity & Venture Capital Association. Retrieved July 21, 2017. {{cite web}}: |last= has generic name (help)
  23. ^ Ruvolo, Julie (June 2015). "IFood Raises $50 Million From Movile And Just Eat For Food Delivery | TechCrunch". Retrieved July 21, 2017.
  24. ^ Russell, Jon (June 26, 2015). "Kid Video And Entertainment Service Playkids Nabs $15M From Parent Firm Movile | TechCrunch". Retrieved July 21, 2017.
  25. ^ "Startup roundup: Rapiddo-99Motos merger, Passeidireto.com funding - BNamericas". BNamericas. March 22, 2016. Retrieved July 21, 2017.
  26. ^ "PlayKids brings Sesame Street content into the mix". Retrieved July 21, 2017.
  27. ^ Dickey, Megan Rose (March 17, 2016). "SpoonRocket finds a home with Brazil-based iFood | TechCrunch". Retrieved July 21, 2017.
  28. ^ "Movile investe R$ 13 milhões na startup de ingressos Sympla - Mercado". Canaltech (in Brazilian Portuguese). Retrieved July 21, 2017.
  29. ^ Editor (June 28, 2016). "Movile Raises US$40m from Naspers and Innova Capital| Latin American Private Equity & Venture Capital Association". LAVCA | Latin American Private Equity & Venture Capital Association. Retrieved July 21, 2017. {{cite web}}: |last= has generic name (help)
  30. ^ Shieber, Jonathan (July 10, 2017). "With $53 million in new funding, Movile looks to become the Tencent of Latin America | TechCrunch". Retrieved July 21, 2017.
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