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About Glovo
Industries
AI & Machine Learning
Consumer Goods
Company Size
10,001+
Company Stage
Acquired
Total Funding
$965.3M
Headquarters
Barcelona, Spain
Founded
2015
Overview
Glovo connects users with couriers for fast delivery of items, operating in 24 countries with 4.3 million active customers and 65,000 couriers. Users can order groceries, meals, and more through the Glovo app, which couriers deliver. The company also provides "Cookroom" spaces for restaurants to expand without needing more locations, helping them operate efficiently. Glovo earns revenue from delivery fees and partnerships, using machine learning to optimize operations, predict order volumes, and manage couriers. Additionally, it has "Urban Darkstores" in city centers for 24/7 access to groceries and essentials, aiming to be the "everything app" for urban areas. Glovo fosters a culture of innovation through events like its annual Hackathon, focusing on continuous improvement and technological advancement.
Simplify's Take
What believers are saying
- Increased online grocery shopping in Romania boosts Glovo's market potential.
- Integration with Apptivate Africa enhances user engagement in Kenya and Uganda.
- New social media features could increase user retention and platform interaction.
What critics are saying
- Morocco's investigation into Glovo could lead to legal challenges and fines.
- Delivery Hero's financial losses from Glovo acquisition highlight ongoing legal issues.
- Abandoning 'self-employment' model in Spain may increase operational costs.
What makes Glovo unique
- Glovo operates in 24 countries, offering a broad international reach.
- The company uses machine learning to optimize delivery operations and resource allocation.
- Glovo's 'Cookroom' spaces allow restaurants to expand without additional physical locations.
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Funding
Total Funding
$965.3M
Above
Industry Average
Funded Over
9 Rounds
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 0%2 year growth
↑ 0%The Competition Council of Morocco has intensified its investigation into the operations of Glovo, the Spanish food delivery giant, amidst allegations of anti-competitive practices.
Delivery Hero has faced significant financial losses following its acquisition of Glovo due to legal issues and market changes. The German company has had to register provisions and contingencies amounting to billions of euros. When the acquisition was announced on New Year's Eve 2021, Delivery Hero's stock was valued at €98 per share.
La finalul acestui an, Glovo, platforma multi-categorie care oferă acces la o varietate mare de produse, prezintă o analiză a preferințelor consumatorilor români din 2024. Una dintre principalele tendințe observate este diversificarea categoriilor de produse comandate prin intermediul platformei. În 2024, românii au preferat să își facă mai des cumpărăturile casnice online, comenzile de la supermarket crescând cu 40% față de anul trecut, ceea ce plasează România pe locul al doilea la nivel mondial, din cele 23 de țări în care operează Glovo, după Spania. Orașele fruntașe în ceea ce privește comenzile de la supermarket sunt București, Cluj-Napoca și Constanța. În același timp, utilizatorii din Deva se remarcă prin cea mai mare frecvență a cumpărăturilor din supermarketuri. Printre cele mai populare produse care se regăsesc în coșurile virtuale de la supermarket se numără apa, pâinea și produsele lactate
Spain's top food delivery app Glovo abandons its 'self-employment' model for drivers after being accused of abusing workers' rights.
By integrating with Glovo's platform, Apptivate Africa is enhancing its value proposition.
There are no jobs for Glovo right now.
Find jobs on Simplify and start your career today
About Glovo
Industries
AI & Machine Learning
Consumer Goods
Company Size
10,001+
Company Stage
Acquired
Total Funding
$965.3M
Headquarters
Barcelona, Spain
Founded
2015
There are no jobs for Glovo right now.
Find jobs on Simplify and start your career today