Glovo Raises Ksh 17 Billion, Eyes Tanzania, Nigeria, Ghana in its Africa Expansion

Motorbike Rider Eliud Castine, Glovo Head of Marketing for Sub-Saharan Africa Priscilla Muhiu and Lillian Wangechi go through the features of the Glovo mobile application

Glovo, a Spanish delivery firm has raised Ksh 17 billion to execute its growth strategy from its fourth round of fundraising.

“We will use this opportunity to grow our team of tech experts to create a smarter and more efficient experience for customers, “said Priscilla Muhiu, Glovo’s Head of Marketing for Sub-Saharan Africa.

“We also intend to expand our footprint across sub-Saharan Africa, with new operations in Tanzania, Ghana and Nigeria.”

The fundraising was led by European Venture capital firm Lakestar, Drake, Idnvest Partners and VC firm Korelya Capital.

Glovo launched its Kenya operations in January after carrying out a pilot in November.