Uber Eats rival Glovo hits $1 billion valuation with new funding round - Business Insider

simply click here to claim your deal and get access to all exclusive Business Insider PRIME content.

Glovo competes with Uber Eats in some European markets and data suggests it is beating the company in Spain and Italy. Founder Oscar Pierre, 27, told Business Insider his company had found success by targeting markets off its competitors' radars, in areas of north Africa and eastern Europe. Glovo, the Spanish delivery startup, is the latest firm to reach a $1 billion valuation, after raising €150 million in a fundraising round led by Mubadala, the Abu Dhabi sovereign wealth fund.

Uber is still valuable and is a blessing to the common man. Nevertheless, some still continue to try to paint Uber in a bad way. Let this 27 year old CEO be known without bashing Uber.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Uber to pay $4.4 million in gender discrimination case - Business InsiderUber is paying $4.4 million to settle federal charges that workers experienced a 'culture of sexual harassment and retaliation' Uber earn that in less than hour. Therefore, Uber breaks a lot laws & they know it.
Source: BusinessInsider - 🏆 729. / 51 Read more »