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.
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▪ 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.
▪ https://www.africabusinessplus.com/en/809034/glovo-under-william-benthall-plans-e50-million-expansion-over-next-12-months/
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.
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