Supply chain & logistics

Spain’s Delivery Startup Glovo, Opens In Ghana

Glovo appears to have found a comfortable home in Africa. Barely five months after launching in Uganda and two years after launching in Kenya, the startup has further expanded to Ghana making it the second market in West Africa for the company, and the fifth African country where it has established operations, after Morocco and Cote d’Ivoire.

“We are excited about launching in Ghana. We are bringing a brand new service to Accra, which will make convenience a few clicks away,” said Pearlyn Budu, General Manager for Glovo Ghana. 

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“At this time, when it is essential for us to stay at home where necessary, our service will be a great way to get all the things you need, without leaving your home or office. We are confident that Ghanaians will love Glovo. This service will be a huge asset to business owners. In a city like Accra where traffic is a huge challenge, we have brought convenience and affordability to all residents. There is also a large segment of the population using apps to move around or order goods for delivery. Glovo provides a new opportunity to introduce a fresh new service with low prices and amazing user experience”

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Here Is What You Need To Know About Glovo

Founded in Barcelona in 2015 by Oscar Pierre and Sacha Michaud. It is an on-demand courier service that purchases, picks up, and delivers products ordered through its mobile app. It aspires to be a multi-category lifestyle app with food delivery being the most popular offering.

In 2017, Glovo raised $30 million in a series B funding round led by the Japanese tech giant Rakuten. Rakuten ended up being a company with a famous connection to Barcelona that came to Glovo’s aid.

Read also: Africa-focused Investor Sunfunder Raises $140m Funding For Off-grid Energy Companies

‘‘One day, Rakuten came out of the blue and decided to invest in us,” Pierre said.

Since then, two other funding rounds have followed, the latest of which, totaling 150 million euros, or $170 million, was led by the early Spotify investor, Lakestar, in April, 2019 taking the startup’s total funding to $340 million. In December, 2019, it, again, raised €150 million ($167 million) in a series E round of funding led by UAE-based investment firm Mubadala, with participation from Lakestar, Drake Enterprises, and Idinvest.

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