As if Deliveroo didn t have enough headaches..Â
Glovo, the Spanish delivery app, has raised 450 million euros ($528m) in a fundraising round that will help it expand its quick-delivery service and grocery operations in Europe.
Investors Lugard Road Capital and Luxor Capital Group led the round, which also included investments from German delivery app Delivery Hero, Drake Enterprises and GP Bullhound, the company said.
Glovo will use the funds to expand its Q-Commerce unit, which is responsible for grocery and retail deliveries as well as âdark stores,â which are small warehouses that let Glovo quickly fill orders for goods from particular retailers.