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Announced

Completed

Glovo raised $168m in a Series D round.

Financials

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Transaction Value£129m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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delivery services

Minority

Venture Capital

Acquisition

Friendly

courier company

Private Equity

Spain

Consumer Services: Other

Private

Completed

Single Bidder

Cross Border

Synopsis

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Glovo, an on-demand delivery startup headquartered in Barcelona, raised $168m in a Series D round, led by Lakestar, with participation from Drake, Korelya, and Idinvest. "In only three years, they have built a significant, multi-country, next-generation, branded, last mile express delivery company. The bold ambition to deliver ‘anything anywhere’ in less than 30 minutes will continue to change consumer behavior around food and grocery delivery, and much beyond," Dharmash Mistry, Lakestar Partner.

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