Glovo, one of the world’s fastest-growing on-demand delivery players, has announced that it’s exiting from not one or two but four markets- Turkey, Egypt, Uruguay, and Puerto Rico in a bid to push for profitability.
The Spanish on-demand delivery startup will now focus on South America, South West Europe, and Eastern Europe and Africa. It’s worth mentioning that the company secured €150million last year December in Series E funding led by Mubadala.