Why Supply Hero is buying a majority stake in Spanish supply firm Glovo – TechCrunch
2 mins read

Why Supply Hero is buying a majority stake in Spanish supply firm Glovo – TechCrunch


Germany’s Supply Hero is ready to grow to be Glovo’s majority shareholder following a deal to amass an extra 39.4% stake of the Spanish supply startup, of which it already held 44%.

We realized of the deal over the vacations, however you’ll be excused in the event you missed the information when it broke — the deal was introduced on December 31 after 11 p.m. CET, a lot to the annoyance of Spanish reporters. “In the event that they don’t have any consideration for his or her supply staff, [why would they have any] for the press?” El Confidencial’s Michael McLoughlin ironized on Twitter.


The Change explores startups, markets and cash.

Learn it each morning on TechCrunch+ or get The Change e-newsletter each Saturday.


However let’s not let inside baseball get in the best way: The transaction is an fascinating piece of reports from a variety of views. This morning, we’ll dig into a variety of them, together with the present tempo of on-demand startup consolidation, the facility of geographic enlargement within the two corporations’ market, and why Glovo didn’t go public because it as soon as focused.

Supply Hero has a name subsequent week with buyers concerning the deal, nevertheless it was type sufficient to drop a brief presentation on the transaction, so we’ve further ammo to play with. Let’s get into it!

On-demand consolidation

The important thing historic context for the Supply Hero-Glovo deal is DoorDash’s latest settlement to purchase meals supply firm Wolt for €7 billion, or round $8.1 billion. Wolt is a Finnish firm, however with a large geographic footprint. On the time of the DoorDash deal, TechCrunch wrote that Wolt “has over 4,000 staff throughout 23 nations.”

Glovo can also be lively in a number of markets, a feat that it notably achieved at the very least partly due to acquisitions. The corporate purchased manufacturers from, of all corporations, Supply Hero in 2021, when the Spanish firm acquired manufacturers from its new mum or dad firm for €170 million. However that was not the tip of Glovo’s 2021 deal spree.



Leave a Reply

Your email address will not be published. Required fields are marked *