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Wednesday, 19 June 2019

Glovo returns to Egypt, resumes services in Cairo

STARTUP WATCH- Glovo returns to Egypt, resumes services in Cairo: Spanish on-demand delivery startup Glovo has U-turned on its decision to exit Egypt and has relaunched service in parts of Cairo, MenaBytes reports. The company is yet to make a public statement, but the app is reportedly working in some areas of the city. Service will reportedly be rolled out to Maadi and Heliopolis in the coming weeks before a launch in Alexandria, according to information shared on social media.

Background: News broke in early May that Glovo was exiting the market and had sent messages to its employees and couriers in Egypt informing them of the decision to shut down. This came immediately after it secured a EUR 150 mn series D funding round led by Lakestar. The app then began directing users to Otlob, the food delivery app owned and operated by Germany’s Delivery Hero, which is also a part owner of Glovo.

The Egyptian Competition Authority soon after accused Glovo and Delivery Hero of anti-competitive practices and ordered Glovo to resume operations in Egypt within 30 days.

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