Earlier this year, Barcelona-based on-demand delivery startup Glovo went on an acquisition spree and acquired multiple Delivery Hero’s group companies for €170M. Today, the Spanish on-demand delivery startup has announced the acquisition of two grocery delivery companies Lola Market and Mercadão.
Both Lola Market and Mercadão connect supermarkets, traditional markets, and local independent stores with customers. While Lola Market operates in Spain, Mercadão is exclusive to Portugal. However, between the two companies, they have a portfolio of over 30 partners across the two countries.