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Big fundraiser for Glovo

The Spanish Glovo, a player of the delivery on demand, announced Tuesday to have raised 150 million euros to support its growth. The transaction was carried out with Lakestar, with the participation of Drake, Korelya and Idinvest. This is the sixth fundraiser of Glovo and the fourth to exceed one million euros.

Since its creation in 2014, Glovo has already raised more than 200 million since its creation in 2014, including 115 million euros in July 2018.

The new operation will allow Glovo to support its growth, mainly through the integration of new traders and the strengthening of its engineering team, with the aim of making the start-up the number 1 application of urban people in Morocco and around the world. Thus, some 300 engineers will be recruited to innovate in terms of customer experience.

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