Spanish delivery app Glovo raises $121M from Swiss real estate firm Stoneweg to build out delivery-only convenience stores for sub-30 minute delivery times (Macarena Munoz Montijano/Bloomberg)

Macarena Munoz Montijano / Bloomberg:
Spanish delivery app Glovo raises $121M from Swiss real estate firm Stoneweg to build out delivery-only convenience stores for sub-30 minute delivery times  —  - Stoneweg will build, refurbish property to help Glovo expand  — Glovo's orders for convenience items have surged 300%

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