Glovo CEO Planning IPO In Next Two Years After Raising $530 Million Round
Glovo
Glovo’s cofounder and CEO Oscar Pierre has big plans for the “delivery anything” courier app after raising a $530 million round, smashing its own record for the largest fundraise in Spain.
Pierre, 28, wants to take the Spanish unicorn to at least 10 new countries in the next 18 months, while rolling out a network of hundreds of “dark stores” used to ship groceries, electronics and prescriptions within a 10-minute window.
One option not on the table for Barcelona-based Pierre was a sale of the six-year-old business that has grabbed the top spot for the food, and now grocery delivery market, in parts of Europe and Africa. Glovo’s acquisitive investor Delivery Hero, which took part in the Series F round, snapped up its Latin American operations last year in a $272 million deal and has bought out scores of smaller delivery apps.
Spanish Delivery Startup Glovo Raises $530 Million Round
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Investors deliver 450 million euro financing for Spain s Glovo
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