Delivery Hero completed the acquisition of an additional 39.4% stake in Glovo for €800m.

Delivery Hero, a local delivery platform, completed the acquisition of an additional 39.4% stake in Glovo, a multi-category delivery platform, for €800m. "The Delivery Hero team has admired and supported Glovo for many years. They have been frontrunners in the industry by offering a multi-vertical service from the start. Their product focus and fast execution have given them a leading position in 16 out of 25 markets, despite having launched a number of years later than their peers​​. We will continue to invest in Glovo’s team and product, and see many opportunities to further enhance their operations with our resources and expertise," Niklas Östberg, Delivery Hero Co-Founder and CEO.