Barcelona-based Glovo, the on-demand delivery platform, has raised €450M in its Series F round of funding led by New York-based investment managers Lugard Road Capital and the Luxor Capital Group.
Besides, existing investors also participated in this round including Delivery Hero, Drake Enterprises, and GP Bullhound. The round reflects both the significant growth potential in the online delivery sector and the strong demand from existing shareholders to invest in the company.