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Spanish delivery app Glovo raises $121M from Swiss real estate firm Stoneweg to build out delivery-only convenience stores for sub-30 minute delivery times

 

Glovo Munoz Montijanobloom Swiss Stoneweg Macarena Munoz Montijano, Bloomberg: Spanish delivery application Glovo has raised $121 million in funding Swiss real estate company Stoneweg to establish delivery-only convenience stores with less than 30 minutes delivery time. Stoneweg will construct and renovate the property in order to help Glovo increase its order for convenience items, which has increased by 300%.

spanish glovo swiss stonewegmunoz montijanobloomberg

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