About Lola Market
Lola Market is a Retail company based in Madrid (Spain) founded in 2015, and was acquired by Glovo in September 2021. Online marketplace for grocery products. Lola Market has completed 1 acquisition, including Comprea. Its focus areas include Food and Agriculture Tech, Online Grocery, B2C Ecommerce and Multi Category. Its competitors include Glovo, DIA and Ulabox; 2 of its 3 listed competitors have raised funding.
Company details
Founded in 2015, Lola Market is operated as an online grocery marketplace in Madrid, Spain. Partnerships are maintained with supermarkets such as Mercadona, Caprabo, and Dia. Users enter zip codes to view nearby options, select stores, and place orders. Products are purchased by the companys delivery team and brought to customers within one hour. Services are currently available in central Madrid, with expansion planned across Spain.
- Headquarters Madrid, Spain
- Stage Acquired
- SectorsRetail
- Email••••••••
- Phone•••• ••••
- Website lolamarket.com
- Social LinkedIn X Facebook
- Acquired by Glovo (Sep 2021)
Funding Insights of Lola Market
- Total Rounds 1
All 1 funding rounds of Lola Market with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2018 | Seed | – | – | – |
1 investors in total: 1 institutional.
Investors in Lola Market
Lola Market has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Glovo.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Online marketplace offering multi-category grocery products | 2015 | glovoapp.com | Barcelona, Spain |
Investor details for Lola Market
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Investments & Acquisitions by Lola Market
Lola Market has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Comprea.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Grocery delivery is provided via local store partnerships in Spain. | comprea.es | Valencia, Spain | 2015 | May 2017 | •••• |
Complete acquisition details for Lola Market
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Competitors of Lola Market
Lola Market has 3 listed competitors in our database, 2 of them funded. They include Glovo, DIA and Ulabox.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| glovoapp.com | 2015 | Barcelona, Spain | $1.16B | Online marketplace offering multi-category grocery products | ||
| dia.es | 1979 | Madrid, Spain | Multi-category grocery products are sold via an online platform. | |||
| ulabox.com | 2010 | Barcelona, Spain | $6.76M | Grocery products are retailed online by Ulabox across Spain. |
Detailed competitors of Lola Market
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Frequently Asked Questions about Lola Market
Lola Market was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Lola Market is headquartered in Madrid, Spain. It is registered at Madrid, Madrid, Spain.
Founded in 2015, Lola Market is operated as an online grocery marketplace in Madrid, Spain. Partnerships are maintained with supermarkets such as Mercadona, Caprabo, and Dia. Users enter zip codes to view nearby options, select stores, and place orders. Products are purchased by the companys delivery team and brought to customers within one hour. Services are currently available in central Madrid, with expansion planned across Spain.
Lola Market has made 1 acquisition, including Comprea.
Lola Market has 1 investor. Key investors include Glovo.
Yes. Lola Market was acquired by Glovo in September 2021.