Foodpanda ‘s parent company is expanding –

The current transaction puts the Spanish carrier at € 2.3 billion.

Delivery Hero has committed to providing some € 250 million in back-stop funding to Glovo during 2020.

Glovo will continue to operate along its existing brand and platform under the direction of its current management, it said in a statement on Friday.

This is not the first major acquisition in the industry since.

It is memorable that Delivery Hero bought it for NetPincer in Hungary, which has been operating as a foodpanda since last autumn.

Cover image source: Jens Kalaene / picture alliance via Getty Images

Source: – Üzlet by

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