Deliveroo Rival Glovo Raises $528 Million for Grocery Delivery
- Fundraising round was led by Lugard Road, Luxor Capital
- Company aims to have 200 ‘dark stores’ by the end of the year
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Glovo, the Spanish delivery app, has raised 450 million euros ($528 million) in a fundraising round that will help it expand its quick-delivery service and grocery operations in Europe.
U.S. investors Lugard Road Capital and Luxor Capital Group led the round, which also included investments from German delivery app Delivery Hero SE, Drake Enterprises and GP Bullhound, the company said in a statement on Thursday.