Glovo aims to go public within three years
January 21, 2021- Share:
Spanish on-demand delivery company Glovo has plans to go public in the next three years, Bloomberg reported. German rival Delivery Hero had previously held talks with Glovo about a potential acquisition, but Glovo is not interested in a deal, the report said. Delivery Hero agreed in September to acquire the Latin American operations of Glovo for up to €230 million (about $278 million). Glovo, which was valued at over $1 billion in 2019, has received backing from Rakuten Capital, Mubadala Capital-Ventures, Luxor Capital Group and others.
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