Spanish startup Glovo achieves 'unicorn' status after $167 mn funding

Barcelona-based food delivery startup Glovo has raised $167 million in Series E round of funding from Abu Dhabi-based investment company, Mubadala, pushing its valuation to over $1 billion. As per reports, Glovo is Spain's second startup to achieve unicorn status after ride-hailing service Cabify. The startup has raised over $500 million in its previous rounds, as per Crunchbase.