Idinvest's Spanish delivery startup portfolio Glovo raises €115 million Series C
Barcelona-based delivery startup Glovo has raised €115 million in a Series C funding round from Idinvest and AmRest. The startup is now valued at over €300 million. Glovo's app allows customers to order any item, which is then purchased and delivered by couriers in an hour or less. Through Glovo's geolocating system, customers can also track their deliveries or find the nearest courier to them. The company will use the new funding to consolidate its market position in the countries where it currently operates and to fuel its further expansion in Latin America, Europe and Asia.
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