Supply chain & logistics

Glovo wants to expand its operations across Africa with a $60mn investment

Glovo, a Spanish on-demand delivery service, has just unveiled its plan to invest $60mn over the next 12 months to extend its footprint in Africa, including Ghana and Tunisia.

“Our mission is to provide everyone simple access to anything in their city, and our platform is at its best when it is linking users and companies, the majority of which are local eateries and independent stores,” Glovo co-founder Sacha Michaud said.

“We believe there is a big opportunity in these nations to help drive digitization and fulfill the increased demand for online shopping and delivery, and we are collaborating closely with our local partners to promote and deliver their items to new consumers via the app.”

Read also: Egyptian fintech startup, MNT-Halan, secures $120mn to scale its operations

Glovo has already invested $30mn in the region, and the fresh funding will let it expand even faster.

The company predicts that the investment will allow 6.5 million individuals to use its app, furthering its goal of making everything available to everyone in all towns and cities.

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Glovo plans to treble its workforce and hire another 200 people as part of its expansion strategy by the end of next year.

The company began operations in Accra, Ghana, earlier this year, with Tema, Ghana, following last month, and Tunis, Tunisia, due next month.

Glovo first entered the African market in Morocco at the end of 2018. Kenya, Uganda, and Côte d’Ivoire are among the countries where it operates.

In Morocco, Uganda, Kenya, Ghana, Côte d’Ivoire, and Nigeria, the Glovo app is utilized by over 300,000 users, 8,000 restaurants, and 12,000 couriers.

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