Spanish delivery company Glovo has raised 115 million euros ($133 million) in Series C funding round from Idinvest and AmRest.

The company will use the new funding to consolidate its market position in the countries where it currently operates and to fuel its further expansion.

The startup is now valued at over 300 million euros ($348 million).

Glovo is in the process of expanding in Latin America, Europe, and Africa, and has already established itself in 61 cities and 17 countries.