Glovo acquires two grocery delivery companies

Thursday 16 September 2021 12:01 CET | News

Glovo has announced the acquisition of two grocery delivery companies, Lola Market and Mercadão.

Both Lola Market and Mercadão already operate in the on-demand delivery space, connecting supermarkets and local independent stores with customers. Lola Market operates in Spain while Mercadão is exclusive to Portugal; the two companies have a combined portfolio of over 30 partners across the two countries.

The acquisitions follow a EUR 450 million Series F funding round that was completed in April 2021. As part of the funding, Glovo announced it plans to invest the capital into its q-commerce operations and expand into new territories. 

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Keywords: startup, Glovo, acquisition, expansion, funding
Categories: Payments & Commerce
Countries: Spain
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