Glovo Expands Footprint, to Invest $60m in Africa Operations

On-demand delivery platform Glovo, says it will double its existing investment in Africa to $59.3 million over the next 12 months.

Glovo co-founder Sacha Michaud said: “Our vision is to give everyone easy access to anything in their city and our platform is at its best when it is connecting users and businesses, most of which are local restaurants and independent stores.

“We believe there’s a huge opportunity in these countries to help accelerate digitalisation and meet the rising demand for online shopping and deliveries, and we are working hand-in-hand with our local partners to market and deliver their goods to new users through the app.”

Glovo estimates that the investment will allow 6.5 million people to access its app, and support its objective to make everything, within all towns and cities, available to everyone.

Glovo entered the African market at the end of 2018 in Morocco. It has operations in Kenya, Uganda and Cote d’Ivoire.