Glovo is an on demand service that purchases, picks-up and delivers anything that is ordered through the app. The service is carried-out in less than an hour by independent couriers, called Glovers.
Glovo's on-demand mobile application connects customers with independent local couriers, who acquire goods from any restaurant or shop in a city and also deliver urgent packages for a variable fee.
Glovo was founded in Mar 1, 2015 by Oscar Pierre and Sacha Michaud. The company is based in Barcelona, Catalonia, Spain.
Glovo's platform features include geolocation, which allows customers to track their deliveries in real time and locate the nearest glover (courier), thus optimizing speed and distance.
Glovo's service is currently available in Spain, France, Portugal, Italy, Chile, Argentina, Morocco, Brazil, Guatemala, Costa Rica, Turkey, Panama, Romania, Peru, Egypt, Georgia, Ecuador, the Dominican republic, Uruguay and Ukraine. The app is available for free download for both in the iOS App Store and for Android in the Play Store. It is also usable on the web through website.
Glovo is backed by Rakuten, Idinvest Partners, Mubadala, Lugard Road Capital, Luxor Capital Group, Lakestar, Stoneweg, Drake Enterprises and others. The company raised $528M (€450M) in Series F round on Apr 01, 2021. This brings Glovo's total funding to $1.16B to date. The latest round reported valued Glovo at over $1.7B post-money.