William Benthall led Glovo plans €50 million expansion over next 12 months
As well as new countries in the pipeline, the Spanish-based delivery service is working to refine its offering in the face of increasingly fierce competition.
13/09/2021 at 15h33, by Africa Business+
Three years after its first run in Africa, Glovo is changing gear and has announced an investment of more than €50 million over the next 12 months, double the amount spent so far. The effort will be mainly supported by the fundraising of last April when the Madrid-based group raised €450 million in Series F funds. This will allow the group to focus on the big picture and pursue its ambitions on the continent with confidence.
Recommended articles
New technologies
14/09/2021 at 15h15, by Africa Business+
Glovo and Paystack initiate first partnership in Nigeria
Jeune Afrique Business+ has learned of the pending signing of a partnership between the Spanish group...
Transport & Logistics
03/05/2021 at 21h21, by Africa Business+
Uber’s exclusive partner, Moove Africa seeks $100 million to boost its vehicle fleet
Barely a year after its inception, the company launched by three Nigerians including the former co-founder...
Insurance
06/11/2020 at 12h05, by Africa Business+
Thomas Buberl entrusts Africa to very continental team at AXA International & New Markets
Jeune Afrique Business+ tells you more about the men and women driving the French insurance giant’s...
Advisory
21/04/2020 at 17h11, by Africa Business+
Gide mobilises Hubert Védrine, Guillaume Chabert and Najat Vallaud Belkacem to discuss Africa debt relief
The law firm intends to strengthen its role as intermediary between Paris and the continent following...