After its mammoth $528 million Series F raise, it acquired several of Delivery Hero’s businesses in Central and Eastern Europe for $208 million. The attention on Africa follows a series of regional moves Glovo has pulled this year. Co-founder Sacha Michaud believes these markets are currently underserved, and Glovo has found the right opportunity to work with local restaurants, bringing them online to reach new customers in a bid to “make everything, within all towns and cities, available to everyone.” Over the next 12 months, Glovo says it will invest an additional €50 million ($60 million) to drive expansion into more cities on the continent and move into new markets like Tunisia, where it plans to launch in Tunis next month.Īccording to a statement released by the company, the expansion will make Glovo’s services available to 6.5 million people. Earlier this year, it launched operations in Lagos, Nigeria and Accra, Ghana before expanding to Tema, another Ghanaian city last month. Glovo is available in more than 40 cities with more than 300,000 users, 8,000 restaurants and 12,000 couriers in these countries. The Barcelona-based company has invested up to €25 million ($30 million) by bringing its food delivery service to six African countries - Morocco, Uganda, Kenya, Ghana, Côte d’Ivoire and Nigeria. Spanish on-demand delivery platform Glovo today announced plans to double its investment in Africa and expand its operations on the continent.
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