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Spain-based delivery service raises $528 million in series F funding

Glovo, a Barcelona-based delivery firm, has raised €450 million in an investment round, which included Lugard Road Capital, the Luxor Capital Group and Delivery Hero amongst others. Glovo will use this investment to grow Q-commerce or ghost convenience stores. Customers can place orders from these ghost convenience stores and get quick restaurant delivery within 30-minutes. Currently, Glovo has 200 operational stores all across Europe.

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