“Glovo announced the restoration of its operations in Egypt and reinstated its application and services in relation to food ordering and delivery, as well as delivery of other services which resulted in restoring effective competition in this market,” the statement read
Earlier, Spanish home delivery startup Glovo is shutting down its services in Egypt, the company confirmed to Ahram Online without providing further details.
Delivery Hero, a German-founded online food delivery company, published its financial results in 2018, which had beaten expectations as it pushes ahead with plans to increase its exposure to emerging markets. The revenue growth reached 64.6% year-over-year to €687m, as the Middle East and North Africa (MENA) region accounted for almost half of the revenues …
The Berlin-headquartered start-up says its public listing will help it dominate the growing online meal delivery market. The food ordering platform features more than 150,000 restaurants in 40 countries.Amid an already competitive food delivery market, Delivery Hero said on Tuesday it plans to raise around 450 million euros ($506 million) from an initial public offering …
