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Spanish Startup Will Offer Next-Hour Delivery

25 February 21

There was a time when next-day delivery sounded unbelievable… Now, the time has come for next-hour delivery to become a thing! And Spanish Q-Commerce (quick commerce) startup Glovo will be the one to initiate it. 

The startup has recently announced that they partnered up with Swiss real estate platform Stoneweg, which will invest €100 million into the company. This money will be used to buy a bunch of properties that will later be converted into ‘dark stores’ or urban warehouses that will be used to store goods to make this rapid next-hour delivery possible. 

Glovo is a relatively new yet big player in the Q-Commerce battlefield, offering delivery of groceries and other goods from various retail brands and supermarkets. Some of the big companies that Glovo has partnered up with include Unilever, IKEA, Nestle, L’Oreal, Walmart, and Carrefour.

Currently, Glovo has 18 dark stores globally in cities such as Barcelona, Madrid, Lisbon, and Milan. However, the plan is to grow this dark store network even more. So far, they’re planning to buy properties in Spain, Italy, Portugal, Romania, and are considering some additional countries in Europe as well. The main goal is to have 100 dark stores by the end of 2021.

“These are the countries in which both Glovo and Stoneweg have a major presence, and therefore are able to move much quicker when it comes to setting up,” a Glovo spokeswoman told Techcrunch. “However, the deal is not limited to these countries. Glovo’s aim is to grow and strengthen their Q-Commerce and dark kitchens infrastructure across Eastern Europe too.”

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