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Glovo, a Spanish food delivery startup, has exited several Middle Eastern countries in what it has said is a strategic move to help the company grow in a smarter way, according to reports on Tuesday Jan. 21 . The countries exited include Turkey, Egypt, Uruguay and Puerto Rico, shrinking its audience to 22 markets with a focus on South America, Southwest Europe, Eastern Europe and Africa. The involves Glovo leaving eight out of a total 306 cities.The move out of the Middle East comes in spite of funding from Abu Dhabi state investment company Mubadala, though Mubadala has said that regional expansion wasn ;t part of its interest in the investment.Glovo Co-founder and CEO Oscar Pierre said the decision to leave those four markets was tough, but that it was necessary for the startup to continue growth in the way it wanted. He said last month that the Middle East had begun to [url=https://www.stanley-cups.ro]stanley cup[/url] look too competitive in the arena.Last year, Turkey was touted as one of the fastest-growing markets i [url=https://www.stanleycups.co.nz]stanley cup nz[/url] n Glovo repertoire.In Egypt, Glovo initially announced that it would be pulling out last spring, but came back when investor Delivery Hero 鈥?a rival food delivery company that owns a stake in Glovo 鈥?wanted it to do so. Despite concerns by local press that the move would restrict competition, Glovo stayed until Tuesday Jan. 21 announcement.The food delivery startup will continue to operate in all four markets for a few more weeks, in a move intended [url=https://www.cups-stanley-cups.us]stanley cup[/url] to offe Ssln iFIT Expands Presence In Digital Fitness With Sweat Acquisition
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