Lola Market
A Personal Shopper that will take care of shopping.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor | €0.0 | round | |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| N/A | €300k | Early VC | |
| Total Funding | 000k | ||
| EUR | 2016 | 2018 | 2019 | 2020 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | - | 67 % | 95 % | - | - |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | 3 % | - | - | - | - | - |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article, Dealroom estimates
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Lola Market operates as an online platform for grocery delivery, connecting consumers with supermarkets, traditional markets, and local neighborhood stores. Founded in 2015 by Luis Hernandez de los Santos Ortiz and Alvaro Gomez Rodriguez de Trujillo, the company established its headquarters in Madrid, Spain. The business was conceived to provide a comprehensive online shopping service, allowing customers to purchase from multiple establishments in a single order.
The service functions through a website and a mobile application. Customers can browse a wide selection of stores, add products to their cart, and schedule a delivery. A key feature of the service is the use of a personal shopper who physically goes to the selected stores to pick the items, ensuring product quality and careful selection. Once the shopping is complete, a delivery agent brings the order to the customer's location, with options for delivery in as little as one hour or at a specific scheduled time. This model targets individuals seeking convenience in their grocery shopping, providing access to a broader range of products than a single supermarket could offer, including fresh produce from local markets.
The company's revenue model is based on commission. Lola Market operates in the e-commerce and grocery delivery market, serving a business-to-consumer (B2C) client base. Over its history, the company went through several funding stages, including accelerator programs and an angel round. A significant milestone in the company's journey was its acquisition by the on-demand delivery unicorn Glovo on September 14, 2021. This acquisition was part of Glovo's strategy to expand its Q-Commerce (quick commerce) division.
Keywords: grocery delivery, personal shopper, online marketplace, e-commerce, on-demand delivery, multi-store shopping, food delivery, supermarket delivery, local market delivery, q-commerce, quick commerce, Madrid, Spain, Glovo, Luis Hernandez de los Santos Ortiz, Alvaro Gomez Rodriguez de Trujillo, grocery app, online groceries, food e-commerce