The Ledger
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Oscar Pierre Faces a Potential Six-Year Prison Sentence Over Glovo's Labor Model
“And unfortunately, the, yeah, the country where we suffer from regulation the most is Spain. I'm not going to go into the details, but it's so extreme that I'm now in a criminal process for so the, yeah, the prosecutor, the general attorney accused me with six…”
Östberg: Glovo was losing $330M annually when Delivery Hero acquired it
“And global, we lost three hundred thirty million. When we acquired it”
Glovo's GMV Reached Nearly 1% of National GDP in Certain Markets
“Like we were in some markets where our GMV, our gross merchandise value is getting too close to one percent of the GDP of the country, right?”
Glovo's Monthly Burn Rate Reached €30 Million During Its Rapid Expansion Phase
“The burn was really scary, and it kept going up, no? 1520, 30.”
Glovo Secured the Largest Delivery Deal in History With McDonald's
“We unlocked the biggest deal of all history for delivery, which was McDonald's.”
Oscar Pierre Claims Glovo Is the Market Leader in All Operating Markets
“I don't think any large competitor is now bigger than us in, in any of the markets where we operate.”
Glovo Achieved Its First Profitable Semester on Its Tenth Anniversary
“Yeah, we just turned profitable. We just turned 10 years, and the last, last semester was our first profitable semester.”
Rakuten's Hiroshi Mikitani Led Glovo's Series A After Chance FC Barcelona Meeting
“When there were no VCs left to pitch to, Glovo was saved because I was in a, I was in an event of the FCB, Football Club Barcelona, whose sponsor back then was Rakuten. Rakuten is the Amazon of Japan. And Mikitani was, which is the founder, he was there in the…”
Glovo Is Approaching a Top-Line Run Rate of Seven Billion Euros
“We're at getting to seven billion top line.”