Glovo, which counts several corporates as investors, has entered discussions with Uber and Deliveroo over a possible acquisition, while SoftBank could potentially provide equity funding.
Glovo, a Spain-based on-demand delivery service backed by corporates AmRest, Drake, La Caixa, Delivery Hero and Rakuten, has held early discussions about funding and a potential acquisition, Bloomberg reported on Tuesday.
Internet and telecommunications group SoftBank has expressed interest in making an equity investment in the company, and Glovo has spoken to food delivery platform Deliveroo and Uber, the on-demand ride provider that owns food delivery service Uber Eats, about an acquisition.
The discussions with Uber and Deliveroo have been…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
