Glovo

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's investors include Rakuten, Idinvest Partners, Mubadala, Lakestar, Drake Enterprises, Seaya Ventures and others. The company raised €150M ($167M) in a Series E financing on Dec 19, 2019. This new round brings Glovo's total funding to $513.1M to date.

 

Glovo has gained a valuation of over $1B from the "Series E" financing on Dec 19, 2019. The company has also acquired Justbell & Foodinho to-date.

 

 

  • Year founded: 2015
  • Funding Info: $513.1M over 8 Rounds (Latest Funding Type: Series E)- Glovo has also acquired Justbell & Foodinho in Mar 31, 2016.
  • Yearly Revenue: $100M-$200M (2019)
  • Employee Size: 1000-5000
  • Business Valuation: Valued at over $1B as of Dec 19, 2019
  • City/Town: Barcelona
  • State: Catalonia
  • Country: Spain
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