The Ledger, every show
Every statement that passed quotation and attribution checks, across all 44 shows. Pick shows below, then mix any filter with any other.
shows 
every show 44 of 44
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…”
Glovo Aims to Capture at Least 50% of Spain's Online Grocery Market
“We know that when this two percent of online penetration turns into 20, we can capture at least half of it.”
Glovo Will Overtake Uber Eats in Portugal Within One Year
“I'd say Portugal, but we, but we're gonna get there in a year. Uber Eats is still ahead because we launched too late, but we're gonna get there.”
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.”
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?”
McDonald's Mandated Global Uber Eats Exclusivity for Delivery in 2018
“The CEO of McDonald's in Chicago sends a message to all the countries and says, Hey, we have to go into delivery and we have one exclusive partner, which is Uber Eats. That was in 2018.”
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'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 Aims to Generate 5% of Its GMV From High-Margin Advertising Revenue
“We believe in our business out of every 100 euros of GMV, we will be able to generate at least five euros of advertising money, which of course are almost Full margin, right?”
Oscar Pierre Predicts EU Regulatory Burdens Will Not Ease for Future Entrepreneurs
“Generally, I'm very optimistic in life, but I just don't see the incentives so that this trend changes. So in, now, in, in EU and regulations getting easier for the next wave of entrepreneurs, I'm not super optimistic.”
Oscar Pierre Predicts All E-Commerce Will Eventually Feature 30-Minute On-Demand Delivery
“I think that's going to be the future, so everything will be on demand, and everything will be delivered in, in 30 minutes.”
Glovo Raised €100K at a €280K Pre-Money Valuation in Pre-Seed Round
“The first round was valued at 280 K free money, and we raised a hundred K.”
Glovo Achieves Lowest Cost to Serve by Building the Largest City Fleet
“We very fast, we become the largest logistics fleet in any city where we operate. That means that we have the cheapest cost to serve to move something from point A to point B.”
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 Had Only Three Weeks of Cash Left During McDonald's Deal Negotiations
“Like these contracts take time and I have three weeks left of cash.”
Courier Acquisition Is a Small Expense for Food Delivery Compared to Ride-Hailing
“Courier acquisition is, is it's not a huge line in the P&L in our business compared to ride hailing. It's fairly cheap.”
Traditional TV Advertising Drives Significant Customer Acquisition and Downloads for Glovo
“We use a lot, believe it or not, we use a lot of TV on top of online media, but TV has worked very well for us to drive a lot of downloads and new customers.”
Online Grocery Penetration in Spain Will Grow to Between 20% and 30%
“Two percent of groceries industries online. We're fully convinced that this two percent will turn into 20, 30%.”
Glovo Is Approaching a Top-Line Run Rate of Seven Billion Euros
“We're at getting to seven billion top line.”
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.”
Glovo Almost Shut Down Three Times Due to Extreme Risk-Taking
“Taking a lot of risks to the point that we almost shut down the company three times, right?”
Early Glovo Customers Unexpectedly Used the Errand App to Order McDonald's
“And then when we launched it, the first aha moment now that really, you know, made our ambitions a lot bigger was that we started seeing people. Ordering McDonald's. They order Big Macs.”
Oscar Pierre Paid a Russian Agency €8,000 for Glovo's First App
“I Googled, built an X for Uber. App, and I found a developing company in Russia, in Eastern Russia, that was the cheapest provider I found, and they promised me that they would deliver a first version of the app for like, 8000 euros.”
Glovo Raised a New Funding Round Every Nine Months for Seven Years
“So for seven years, we raised a round every nine months.”
High Labor-to-AOV Ratio in Morocco Enables Glovo to Offer Cheaper Delivery
“In some cases, yeah. For example we see markets like Morocco where that ratio is, is very large and this allows us to offer the service much more affordable to the end customer.”
Spain's Offline Grocery Market Is €120B With Only 2% Online Penetration
“The groceries offline market is a hundred and twenty billion out of which only two percent is online. Two percent of groceries industries online.”
Glovo Currently Generates Between 2% and 2.5% of GMV From Advertising
“We're now at two, no? So we're getting we're halfway more or less between two and three.”