Glovo

From Wikipedia, the free encyclopedia
Glovo
TypeDelivery service
IndustryOn demand
Founded2015
FoundersOscar Pierre
Sacha Michaud
Gerard Olivé
Miguel Vicente
Headquarters
Barcelona
,
Spain
Areas served
Select cities in select countries
OwnerDelivery Hero
Number of employees
+10,000
Websiteglovoapp.com
Bike courier

Glovo is a Spanish quick-commerce start-up founded in Barcelona in 2015. It is an on-demand courier service that purchases, picks up, and delivers products ordered through its mobile app.[1] It offers multiple services with food delivery being the most popular offering. The company was founded by Oscar Pierre and .[2]

Its pronunciation in modern Spanish is similar to that of "globo". The Spanish word "globo" means "balloon".

History[]

The company was founded by , who is currently the CEO and Sacha Michaud who is the co-founder.[3]

The company eventually expanded into other countries. In January 2020, Glovo ended its operations in Turkey, Egypt, Puerto Rico and Uruguay.[4]

In October 2020, in an effort to achieve profitability, Glovo's remaining Latin American operations were purchased by Delivery Hero, a German company, in a deal worth US$272 million, leaving Glovo with just its Southern and Eastern Europe operations.[5]

In December 2021, Delivery Hero, signed a deal to become Glovo's majority shareholder, acquiring an additional 39.4% stake of the Spanish delivery company.[6]

Locations[]

Current locations[]

As of February 2021, Glovo is operational in more than 23 countries globally.[7]

Former locations[]

  • Brazil (Discontinued in February 2019)
  • Chile (Discontinued in April 2019)
  • Egypt (Discontinued in January 2020)
  • Puerto Rico (Discontinued in January 2020)
  • Turkey (Discontinued in January 2020)
  • Uruguay (Discontinued in January 2020)
  • Argentina (Discontinued in October 2020)
  • Dominican Republic (Discontinued in October 2020)
  • Panama (Discontinued in October 2020 replaced by PedidosYa)
  • France
  • Guatemala (Discontinued in April 2021)
  • Honduras (Discontinued in April 2021 replaced by PedidosYa)
  • Ecuador (Discontinued in April 2021 replaced by PedidosYa)

Services[]

Food delivery service remains the company's most popular service. Other services available on the app include Groceries, Pharmacy, Desserts, Courier and Quiero (anything).[11]

The food business allows users to find and place orders with their favourite restaurants which is picked up when ready and delivered to the user's doorstep. While this model continues to be its flagship service, the company is reported experimenting with CloudKitchens and Grocery Darkstores.[12]

References[]

  1. ^ "Glovo - Frequently Asked Questions". www.glovoapp.com. Retrieved 17 May 2019.
  2. ^ Loritz, Mary (2018-12-14). "Execute quickly, understand local markets and adapt fast to different needs - Glovo CEO Oscar Pierre". EU-Startups. Retrieved 2020-05-28.
  3. ^ https://www.startupday.ee/news/sacha-michaud-co-founder-glovo-we-ve-been-able-to-rise-to-the-top-by-being-faster-more-focused-and-more-efficient
  4. ^ https://techcrunch.com/2020/01/21/glovo-exits-the-middle-east-and-drops-two-latam-markets-in-latest-food-delivery-crunch/
  5. ^ https://techcrunch.com/2020/09/16/delivery-hero-picks-up-glovos-latam-ops-for-272m-in-latest-food-delivery-consolidation/amp/
  6. ^ https://techcrunch.com/2022/01/03/why-delivery-hero-is-acquiring-a-majority-stake-in-spanish-delivery-company-glovo/
  7. ^ Omusolo, Moses. "New delivery app to rock market". The Standard. Retrieved 2020-05-28.
  8. ^ "Glovo App: Food Delivery Service in Accra | Promo Codes". goldchestgh.com. Retrieved 2021-10-09.
  9. ^ "Glovo is officially in Nigeria, redefining tech-driven on-demand delivery!". TechCabal. 2021-09-16. Retrieved 2021-10-09.
  10. ^ SloTimes, Editor (2021-05-14). "Spanish company Glovo to acquire Ehrana delivery platform". Slovenia Times. Retrieved 2021-11-23. {{cite web}}: |first= has generic name (help)
  11. ^ "Glovo Pushes On-Demand Delivery Services in Kenya". Kenyan Wallstreet. 2019-11-19. Retrieved 2020-05-28.
  12. ^ Kemibaro, Moses (2019-02-27). "First Impressions: Glovo Kenya for On-Demand Delivery Services In Nairobi". Moses Kemibaro. Retrieved 2020-05-28.

External links[]

Retrieved from ""