Most European VCs Passed on Glovo, Doubting It Could Beat Uber Eats
Oscar Pierre · Oscar Pierre, Glovo CEO & Founder: Selling 30% for €100K |The McDonald's Deal That Saved Them |E1263 · 20VC with Harry Stebbings · Feb 26, 2025 · at 16:58
Oscar Pierre, founder and CEO of Glovo, recalls early rejections from European venture capital firms who favored heavily funded competitors like Deliveroo and Uber Eats.
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“All the European VCs or most of them passed on us. Nobody believed in our story, you know, a bunch of kids from Barcelona beating the Deliveros and the Uber Eats of the world who were always like one step ahead in fundraising, right?”
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