Glovo to acquire Lola Market and Mercadão.

Glovo, a firm that designs and develops application, agreed to acquire Lola Market, a provider of an online grocery shopping platform, and Mercadão, a provider of an on-demand marketplace. Financial terms were not disclosed. “With Lola Market and Mercadão on board, we can build stronger partnerships with retailers, offer our users big-basket purchases and provide a more complete service. These acquisitions represent a significant step forward for us, as we’re now able to cover all of the main purchasing considerations for groceries customers, making Glovo a one-stop-shop for e-groceries," Oscar Pierre, Glovo CEO and Co-Founder.