Post by account_disabled on Dec 20, 2023 9:20:57 GMT
450 million euros (530 million dollars) has been the figure with which Glovo has broken records in the Spanish startup scene. The delivery platform has managed to close the largest round of financing achieved by an emerging company, in a process led by the investment funds Lugar Road Capital and Luxor Capital , in both cases based in New York. Other investors such as Delivery Hero, Drake Enterprises, GP Bullhound and Mudabala have also participated in the operation . Sources close to this movement affirm that this round means that the Barcelona company is valued at around 1,700 million euros.
being, along with Cabify, the only Spanish company to enter this category. Glovo has assured in a statement that with these millions it will seek to expand its presence in its Q-commerce entertainment , forming Phone Number List part of a strategy whose main purpose is to "extend ultra-fast deliveries" and embrace multi-category delivery. In practice, this objective means that Glovo intends to consolidate the delivery of products beyond the supermarket and food, joining the race with Amazon . «We want to stand up to Amazon with ultra-fast delivery of products.
We think there is a great business opportunity to explore. We believe that in a few years, restaurant food delivery will be a minority activity at Glovo,” the founder, Oscar Pierre , assured La Vanguardia . Within this program, the brand also has its attention focused on increasing its network of urban micro-stores . Although the company already has what are known as "dark stores" in Barcelona, Madrid, Lisbon and Milan, it intends to expand them to Valencia, Rome, Porto and Bucharest. The goal is to reach 200 “ghost stores” by the end of 2021. On the other hand, among the set of actions proposed by Glovo is to strengthen agreements with supermarket chains such as DIA, Alcampo or Carrefour.
being, along with Cabify, the only Spanish company to enter this category. Glovo has assured in a statement that with these millions it will seek to expand its presence in its Q-commerce entertainment , forming Phone Number List part of a strategy whose main purpose is to "extend ultra-fast deliveries" and embrace multi-category delivery. In practice, this objective means that Glovo intends to consolidate the delivery of products beyond the supermarket and food, joining the race with Amazon . «We want to stand up to Amazon with ultra-fast delivery of products.
We think there is a great business opportunity to explore. We believe that in a few years, restaurant food delivery will be a minority activity at Glovo,” the founder, Oscar Pierre , assured La Vanguardia . Within this program, the brand also has its attention focused on increasing its network of urban micro-stores . Although the company already has what are known as "dark stores" in Barcelona, Madrid, Lisbon and Milan, it intends to expand them to Valencia, Rome, Porto and Bucharest. The goal is to reach 200 “ghost stores” by the end of 2021. On the other hand, among the set of actions proposed by Glovo is to strengthen agreements with supermarket chains such as DIA, Alcampo or Carrefour.