Delivery app Glovo shuts down operations in Egypt

Glovo, the Barcelona-headquartered delivery startup has closed down its operations in Egypt in the same week it reveals it has raised $168m in Series D funding. Glovo operated in Cairo and Alexandria, where it had 40 employees. Nationally, Glovo had an estimated 10-15% market share of the takeaway food delivery market, competing with Otlob. [...]
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