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There’s little doubt in my mind (and industry experts and VCs I talk to) that the local on-demand delivery space will soon get messy given the number of startups entering the space and the amount of venture being thrown at the opportunity. The latest to raise capital is Spain’s Glovo.
The Barcelona-based company, which in some ways can be compared to U.S.-based Postmates, has picked up €2 million in funding. Investors in the round include Zaryn Dentzel (Tuenti), Bernardo Hernandez (Idealista, Flickr, ex-Google, Fever), Felix Ruiz (JobandTalent, Tuenti), Antai Venture Builder, and Cube Investments.