About Glovo
Glovo is a company based in Barcelona (Spain) founded in 2015 by Gerard Olive, Sacha Michaud, and Oscar Pierre was acquired by Delivery Hero in January 2022.. Glovo has raised $1.16 billion across 10 funding rounds from investors including Delivery Hero, Stoneweg and Mubadala. Glovo has completed 10 acquisitions, including Donesi, Foodinho and Glovo. Glovo operates in a competitive market with competitors including Grab, Deliveroo, Wolt, JOKR and Delivery Hero, among others.
- Headquarter Barcelona, Spain
- Founders Gerard Olive, Sacha Michaud, Oscar Pierre
- Stage Unicorn
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Sectors
ConsumerRetail Transportation, Automotive & Logistics
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.16 B (USD)
in 10 rounds
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Latest Funding Round
$527.72 M (USD), Series F
Apr 01, 2021
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Investors
Delivery Hero
& 32 more
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Employee Count
Employee Count
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Investments & Acquisitions
Donesi
& 9 more
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Acquired by
Delivery Hero
(Jan 01, 2022)
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Funding Insights of Glovo
Glovo has successfully raised a total of $1.16B across 10 strategic funding rounds. The most recent funding activity was a Series F round of $527.72 million completed in April 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 10
- Last Round Series F — $527.7M
- First Round First Round
- Investors Count 33
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2021 | Amount | Series F - Glovo | Valuation | Luxor Capital Group | |
| Jan, 2021 | Amount | Series E - Glovo | Valuation | Stoneweg |
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| Dec, 2019 | Amount | Series E - Glovo | Valuation | Mubadala |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Glovo
Glovo has secured backing from 33 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Delivery Hero, Stoneweg and Mubadala. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity investments are managed by a wealth-backed firm.
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Founded Year | Domain | Location | |
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M&A and strategic advisory firm
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Founded Year | Domain | Location | |
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Venture capital investment firm
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Glovo
Glovo has strategically engaged in corporate development activities, having acquired 10 companies. Notable acquisitions include Donesi, Foodinho and Glovo. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Cashback is provided on online purchases across multiple categories.
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2018 | ||||
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Food delivery from restaurants
|
2015 | ||||
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Online marketplace for grocery products
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Glovo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Glovo Comparisons
Competitors of Glovo
Glovo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Grab, Deliveroo, Wolt, JOKR and Delivery Hero, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Ride-hailing and on-demand delivery services are aggregated via mobile app.
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| domain | founded_year | HQ Location |
Platform offering food and grocery delivery services
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| domain | founded_year | HQ Location |
Wolt is operated as a delivery platform for food and groceries.
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| domain | founded_year | HQ Location |
Multi-category grocery products are delivered via an online platform.
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| domain | founded_year | HQ Location |
Food ordering and delivery services are facilitated online.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Glovo
Frequently Asked Questions about Glovo
When was Glovo founded?
Glovo was founded in 2015.
Where is Glovo located?
Glovo is headquartered in Barcelona, Spain. It is registered at Barcelona, Catalonia, Spain.
Who is the current CEO of Glovo?
Oscar Pierre is the current CEO of Glovo. They have also founded this company.
Is Glovo a funded company?
Glovo is a funded company, having raised a total of $1.16B across 10 funding rounds to date. The company's 1st funding round was a Series E of $166.9M, raised on Jan 28, 2015.
What does Glovo do?
Glovo was established in 2015 in Barcelona, Spain, as an online marketplace in the grocery and food delivery sector. A diverse catalog of products is maintained, encompassing fruits, vegetables, oils, honey, snacks, bakery goods, beverages, meat, seafood, and dairy items. Restaurant meals are also facilitated through the platform. Operations extend to urban areas across Europe and beyond, supporting on-demand delivery services for consumers.
How many acquisitions has Glovo made?
Who are Glovo's investors?
Glovo has 33 investors. Key investors include Delivery Hero, Stoneweg, Mubadala, GP Bullhound, and Lakestar.
What is Glovo's valuation?
The valuation of Glovo is $1.7B as of Apr 2021.
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