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Glovo

On-demand delivery connecting customers and riders

Overview

Glovo is an on-demand delivery platform operating in 21 countries. It connects customers, partner businesses (like groceries and restaurants), riders (couriers), and brands to move items quickly within cities. Customers place orders in an app, and Glovo’s tech matches them with couriers who pick up and deliver the items, enabling delivery of a wide range of products ( groceries, meals, and more) through city-wide fulfillment networks. The company differentiates itself with a technology-driven, interconnected network and a global footprint, aiming to provide easy access to anything in the city. Its goal is to make city-wide delivery simple and fast by linking customers, merchants, riders, and brands in one system.

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About Glovo

Simplify's Rating
Why Glovo is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & AnalyticsConsumer SoftwareEnterprise SoftwareAI & Machine Learning

Company Size

10,001+

Company Stage

Acquired

Total Funding

$992.4M

Headquarters

Barcelona, Spain

Founded

2015

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Simplify's Take

What believers are saying

  • PragmaCash gives merchants up to 200,000 lei within 24 hours, strengthening retention.
  • Billa Bulgaria doubled Glovo fulfillment locations, expanding grocery assortment to nearly 10,500 items.
  • Kenya riders number 2,200 daily, and September 2026 safety initiatives support market trust.

What critics are saying

  • Barcelona prosecutors seek trial for Óscar Pierre over false self-employment, September 2026.
  • Milan judges kept Glovo under labor scrutiny after February 2026 illegal recruitment allegations.
  • Glovo exited Bosnia on August 10, 2026, proving management will abandon weak markets.

What makes Glovo unique

  • Glovo monetizes merchants through PragmaCash, launched July 2026 in Spain and Romania.
  • Its network spans 22 countries and 50,000 restaurants and stores, creating dense marketplace liquidity.
  • Local ops teams run rider programs like Mombasa training, embedding operational relationships deep in markets.

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Funding

Total Funding

$992.4M

Above

Industry Average

Funded Over

9 Rounds

Acquisition funding comparison data is currently unavailable. We're working to provide this information soon!
Acquisition Funding Comparison Coming Soon

Benefits

  • Health Insurance
  • Company Equity
  • Employee Discounts
  • Gym Membership
  • Flexible Work Hours
  • Unlimited Paid Time Off
  • Parental Leave
  • Mental Health Support

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Marketing Edge
Oct 8th, 2026
2026 EDGE Awards: Glovo Nigeria, Reni Onafeko, bag Digital Commerce honours.

2026 EDGE Awards: Glovo Nigeria, Reni Onafeko, bag Digital Commerce honours. Glovo, a leading multi-category technology company, has been recognised as the EDGE Outstanding Digital Commerce Platform of the Year at the 2026 EDGE Awards held on Friday, 25 September 2026, at Ten Degrees Event Hall, Oregun, Lagos. The company's General Manager, Reni Onafeko, was also named EDGE Outstanding Digital Commerce Business Personality of the Year. Organised by Marketing Edge, the awards recognised Glovo's contribution to Nigeria's digital commerce ecosystem, as well as Onafeko's professional accomplishments and role in advancing digital commerce in the country. Speaking on the recognitions, Onafeko attributed Glovo's growth in Nigeria to a focus on local needs: expanding its reach, broadening the selection of local businesses on the platform and continually improving the experience. These efforts are helping Glovo serve more customers while creating new sales opportunities for local businesses. "We are honoured to receive these recognitions from Marketing Edge. The EDGE Outstanding Digital Commerce Platform of the Year award reflects the collective work of our team and the trust of our users, all customers, partners, brands and delivery couriers, who are an essential part of our ecosystem. I am also deeply honoured to be recognised as the EDGE Outstanding Digital Commerce Business Personality of the Year. For me, this recognition is not just personal; it represents the broader impact of our collective efforts at Glovo," she said.

THISDAY Newspapers Limited
Oct 7th, 2026
2026 EDGE Awards: Glovo Nigeria, Reni Onafeko, bag Digital Commerce honours.

2026 EDGE Awards: Glovo Nigeria, Reni Onafeko, bag Digital Commerce honours. 2 hours ago Glovo, a leading multi-category technology company, has been recognised as the EDGE Outstanding Digital Commerce Platform of the Year at the 2026 EDGE Awards held on Friday, 25 September 2026, at Ten Degrees Event Hall, Oregun, Lagos. The company's General Manager, Reni Onafeko, was also named EDGE Outstanding Digital Commerce Business Personality of the Year. Organised by Marketing Edge, the awards recognised Glovo's contribution to Nigeria's digital commerce ecosystem, as well as Onafeko's professional accomplishments and role in advancing digital commerce in the country. Speaking on the recognitions, Onafeko attributed Glovo's growth in Nigeria to a focus on local needs: expanding its reach, broadening the selection of local businesses on the platform and continually improving the experience. These efforts are helping Glovo serve more customers while creating new sales opportunities for local businesses. "We are honoured to receive these recognitions from Marketing Edge. The EDGE Outstanding Digital Commerce Platform of the Year award reflects the collective work of our team and the trust of our users, all customers, partners, brands and delivery couriers, who are an essential part of our ecosystem. I am also deeply honoured to be recognised as the EDGE Outstanding Digital Commerce Business Personality of the Year. For me, this recognition is not just personal; it represents the broader impact of our collective efforts at Glovo," she said.

Brand Spur
Oct 7th, 2026
Glovo Nigeria MD Lamide Akinola steps down after three years.

Glovo Nigeria MD Lamide Akinola steps down after three years. October 7, 2026 Discover more Businesses Optimize Ops Find Suppliers Glovo Nigeria's Managing Director, Lamide Akinola, has stepped down from the position after three years, ending a tenure during which the delivery platform significantly expanded its operations across the country. Akinola joined Glovo in 2021 as Head of Q-commerce for Sub-Saharan Africa, overseeing the expansion of its grocery and retail operations before becoming country head on July 1, 2023. In a statement shared on LinkedIn, Akinola described the period as one of the most rewarding chapters of her career, highlighting the growth of Glovo Nigeria into an $80 million operation and the company's fastest-growing market globally. Brandspur Brand News reports that her tenure saw Glovo deepen its presence in Lagos, Abuja and Port Harcourt while expanding beyond restaurant deliveries into groceries, pharmaceuticals and other retail services. The company recorded 76 per cent year-on-year growth in gross merchandise value during the period, while Glovo said riders on its platform increased their average monthly earnings to between two and three times the national minimum wage. Glovo has invested more than N54 billion in Nigeria since entering the market in 2021, including N8.5 billion in 2025 alone. The company also says it has facilitated more than 40 million deliveries across the country. Akinola's departure comes as Glovo continues to operate in an environment shaped by inflation, currency volatility and logistics challenges. The company has maintained its investment in the Nigerian market while supporting businesses through initiatives including Glovo Academy, which provides training for small and medium-sized enterprises. Former Head of Growth, Reni Onafeko, has taken over as managing director, having filled the position since February 2026. Discover more Shop African Art

TechCabal
Oct 6th, 2026
Reni Onafeko named Glovo Nigeria's new managing director

Reni Onafeko named Glovo Nigeria's new managing director. Quick Links * Food Delivery Glovo names Reni Onafeko as new Nigeria country managing director By Opeyemi Kareem 6th Oct, 2026 Get TC updates in your Newsfeed Share Glovo, the global on-demand delivery platform, has appointed Reni Onafeko as its new Country Managing Director for Nigeria, replacing Lamide Akinola, who stepped down after more than three years in the role. Onafeko, who has steered Glovo's Nigerian operations since the beginning of 2026, will now lead its next phase and growth strategy, including expansion across Lagos, Abuja, Port Harcourt, and Ibadan, the company said in a statement. Her appointment comes as Glovo continues to expand in Nigeria, which it says closed 2025 as its fastest-growing market globally. At its Future of Commerce summit in April, the company disclosed that it delivered 38 million items in the country over the past year. "My experience across strategy, finance and growth has given me a strong understanding of our business and opportunities within the market," Onafeko said. "I look forward to working with our teams, partners and wider ecosystem to build on what we have achieved and deliver sustainable growth in the years ahead." Akinola announced her departure in a LinkedIn post on Tuesday after more than five years with Glovo. She joined the company in 2021 as Head of Q-commerce for Sub-Saharan Africa, where she built its marketplace business for groceries, health and retail and launched and scaled dark stores across the region. She became General Manager of Glovo Nigeria in 2023. "Building this business into an $80 million operation and Glovo's fastest-growing market has been one of the most rewarding experiences of my career," Akinola wrote in her post. "This chapter has deepened my conviction in the opportunity across Africa, and in the talent capable of turning that opportunity into extraordinary businesses." Onafeko joined Glovo in 2023 after an eight-year consulting career that included time at Boston Consulting Group in London, where she advised executives and investors on investment decisions and growth strategy. Since joining Glovo, Onafeko has held several leadership positions, including Head of Strategy & Finance and Head of Growth. She now takes charge of the business that Glovo says has invested more than ₦37 billion ($27 million) since entering Nigeria. The company said it also doubled its network of partner restaurants and shops, as well as the economic value delivered to those businesses, in 2025. True scale demands moving beyond surface-level integrations to robust execution. We've filtered the noise out of Moonshot 2026, optimising the conference strictly for high-calibre connections between startup founders, global financial operators, enterprise leaders and individuals rewiring Africa's technical frameworks. Get 20% off Early Bird tickets for a limited time. More from this Author * Startups Crypto accelerator Alliance invests $500,000 in Kenyan fintech Cloud9 * Startups Pesa is taking its cross-border payments business to Australia * Newsletters | TechCabal Daily - Koko's clean-up is taking a while Food Delivery Why Glovo thinks Africa could become the world's biggest quick commerce market Kenn Abuya | 4 months ago

CEE Legal Matters
Sep 22nd, 2026
Magdalena Jarosz takes on Head of Legal PLECA at Glovo.

Magdalena Jarosz takes on Head of Legal PLECA at Glovo. * Saida Ayupova * September 22, 2026 On-demand delivery platform Glovo has hired Magdalena Jarosz as its Head of Legal PLECA. Jarosz joined the organization after working for over four years at Better Energy, first as a Senior Legal Counsel between 2022 and 2023, then as General Counsel PL, Senior Director between 2023 and 2024, and finally as Business Support Director, Senior Director between 2024 and 2026. Earlier, she was an In-House Counsel at Green Genius between 2019 and 2022. Before moving in-house, Jarosz was a Managing Associate at Deloitte Legal in 2019. Her experience includes working as an Attorney at Law at Squire Patton Boggs between 2011 and 2018 and a Lawyer at Wierzbowski Eversheds between 2008 and 2011. Get the memo - every week. Essential in-house updates, straight to your inbox. * Saida Ayupova * September 22, 2026 Banicevic joined the organization in 2020 as a Legal Counsel. In 2021, she was appointed to Senior Legal Counsel. * Saida Ayupova * September 21, 2026 Krockova joined the organization after working as a Contracting Counsel Manager at Accenture between 2024 and 2026. * Radu Cotarcea * September 21, 2026 4iG has hired Laszlo Madak in the role of Deputy Group Head of Legal and Corporate Governance. Madak has moved in-house after working at KCG Partners between 2024 and 2026, where he was a Partner.

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