Spain's Cathay Innovation has raised €115m ($134m) in series C funding for its platform, which lets users ask couriers to shop on their behalf. The company was founded in Barcelona three years ago and its delivery riders, who carry distinctive yellow box bags on their backs, are frequently seen around the city. Cathay Innovation will use the investment to optimise its platform and improve the service for users, riders and stores. The funding round was led by Rakuten Capital, Glovo and Seaya Ventures.
Spain's Glovo has raised €115m ($134m) in series C funding for its platform, which lets users ask couriers to shop on their behalf. The company was founded in Barcelona three years ago and its delivery riders, who carry distinctive yellow box bags on their backs, are frequently seen around the city. Glovo will use the investment to optimise its platform and improve the service for users, riders and stores. The funding round was led by Rakuten Capital, Cathay Innovation and Seaya Ventures.