Delivery firm Glovo raises Sh17 billion for expansion

Motorbike rider Eliud Castine, Glovo Head of Marketing for Sub-Saharan Africa Priscilla Muhiu and Lillian Wangechi go through features of the Glovo mobile application. (Photo, File)

Glovo, a global delivery firm, has raised Sh17 billion in its fourth round of financing to partly fund its Africa expansion and grow its delivery categories.

The start-up, which launched in Kenya in January, will use the funding to bolster its growth within the Sub-Saharan Africa market.