On-demand logistics service Glovo's valuation has topped $1bn in a series E round that included Drake Enterprises, while Mubadala led the deal.
Spain-based delivery services provider Glovo has raised €150m ($167m) in series E funding from investors including pizza chain franchisee Drake Enterprises, VentureBeat reported today.
The round was led by the Abu Dhabi government-owned Mubadala Investment and included Lakestar and Idinvest Partners. Glovo co-founder and CEO Oscar Pierre told VentureBeat it valued the company at more than $1bn.
Glovo’s on-demand logistics platform connects customers to local couriers who collect food or consumer products from restaurants or shops. It has a presence…
