About Glovo
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. Glovo aims to be the "everything app" for urban areas, fostering a culture of innovation through events like its annual Hackathon.
Barcelona, SpainHeadquarters
2015Year Founded
$965.3MTotal Funding
ACQUISITIONCompany Stage
AI & Machine Learning, Consumer GoodsIndustries
10,001+Employees
Risks
Shift from 'self-employment' model in Spain may increase operational costs.
Potential fines from employment model issues could impact Glovo's financial stability.
Social media features may divert focus from core delivery services, diluting brand identity.
Differentiation
Glovo's 'Cookroom' spaces allow restaurants to expand without physical locations.
Urban Darkstores provide 24/7 access to groceries, enhancing convenience for urban consumers.
Machine learning optimizes Glovo's operations, improving delivery efficiency and customer satisfaction.
Upsides
Expansion of 'Cookroom' spaces allows restaurants to scale in new urban areas.
Increased demand for online grocery shopping boosts Glovo's Urban Darkstores growth.
Adoption of electric vehicles reduces carbon footprint, appealing to eco-conscious consumers.
Funding
Total raised$965.29 M
Latest valuation$2.30 B
StageACQUISITION
ACQUISITION
12/31/2021$858
$2.30 BSERIES F
2/28/2021$495
$1.99 BSERIES E
11/30/2019$165
$1.00 BSERIES D
3/31/2019$165
$800.00 MSERIES C
6/30/2018$126
$300.00 M$33
$150.00 MSERIES A
7/31/2016$6
$25.00 MEARLY VC
10/31/2015$2
$10.00 MANGEL
2/28/2015N/A
$700.0 K