Delivery Hero picks up Glovo’s LatAm ops for $272M in latest food delivery consolidation

More consolidation in the thin-margin food delivery space: Delivery Hero has announced it’s buying the LatinAm operations of Glovo, a Spanish on-demand delivery app. The German company said today that it’s paying up to €230 million to take over eight markets, including a €60 million performance-based earn-out. The transaction, which Berlin-based Delivery Hero said it … Continue reading Delivery Hero picks up Glovo’s LatAm ops for $272M in latest food delivery consolidation