News

December 19, 2019

On-demand delivery startup Glovo raises €150m and becomes Spain’s second unicorn

The Spanish competitor to Uber Eats and Deliveroo claims it will do what its rivals seem unable or unwilling to do: hit profitability in 2021. We catch up with chief executive Oscar Pierre on wooing investors, dark kitchens and acquisitions.


Amy Lewin

7 min read

Glovo, the Barcelona-based on-demand delivery company, has raised €150m in a Series E round led by Mubadala, the Abu Dhabi sovereign investment fund. This brings the four-year-old company’s total funding up to €460m. Previous investors Idinvest, Drake and Lakestar have also participated in the round.

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Photo of Oscar Pierre, Glovo CEO, talking to Sifted onstage at Slush.
Oscar Pierre, Glovo chief executie, talking to Sifted onstage at Slush.
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Picture of one of delivery firm Glovo's dark kitchens.
A Glovo "Cook Room"
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Amy Lewin

Amy Lewin is Sifted’s editor and host of Startup Europe — The Sifted Podcast . Follow her on X, LinkedIn and Bluesky

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