Glovo Stock

Glovo is a prominent on-demand delivery service that connects users with local businesses through its mobile app. The app allows customers to order a wide range of products, including meals from restaurants, groceries, pharmacy items, and retail products. Glovo is operational in various countries across Europe, Africa, and Latin America, offering extensive coverage and convenience. Glovo's business model includes charging delivery fees and taking a commission from partner businesses, which ranges from 22% to 30% of the order value. The company also generates revenue through its subscription service, Glovo Plus, which provides users with free deliveries for a monthly fee. Additionally, Glovo offers dark kitchens—extra kitchen space rented to restaurants to meet high delivery demand—and supermarket fulfillment centers for rapid grocery delivery. Glovo has continued to expand its services and increase revenue. In 2020, it sold its Latin American operations to Delivery Hero, focusing on strengthening its presence in other markets and expanding into new regions like Moldova, Kyrgyzstan, and Uganda. Innovation is a key aspect of Glovo's strategy, exemplified by its Q-Commerce initiative, which aims to deliver groceries and essentials within 30 minutes from local fulfillment centers. Glovo also engages in philanthropic activities through its Impact Fund, supporting local communities and sustainability projects. Today, Glovo serves millions of users, collaborating with thousands of couriers and businesses to provide efficient and reliable delivery services globally.