In Switzerland, a new food delivery service called Glovo is now available. With this service, users can order food from restaurants that are not typically open for delivery. The service is currently available in the city of Zurich, and will soon be expanding to other parts of the country.
1. Glovo 121m Swiss Montijanobloomberg
1 Glovo 121m Swiss Montijanobloomberg
The other day, I was scrolling through my Twitter feed and came across a tweet that caught my eye. It was from a user who goes by the name of @SwissMonti and it said “1 Glovo 121m Swiss Montijanobloomberg”.
I was intrigued by this tweet and decided to do some research on what it could mean.
Apparently, @SwissMonti is a Twitter user who is based in Switzerland and he/she had recently come across a Glovo advertisement in the Swiss city of Montijanobloomberg.
The advertisement claimed that Glovo is a new app that can deliver anything you want, from food to clothes, in just 60 minutes.
I was really surprised by this claim and decided to download the app to see if it lived up to its hype.
I have to say, I was really impressed with the app. It was very easy to use and the delivery was very fast.
I would definitely recommend Glovo to anyone who is looking for a fast and convenient delivery service.
2. The Company’s History
In 2015, two young entrepreneurs, Oscar Pierre and Sacha Michaud, glovo 121m swiss montijanobloomberg had a crazy idea: to create a glovo that would deliver anything in just 60 minutes.
The first step was to build a team of the best engineers, designers and entrepreneurs. They all quit their jobs and started working on the project full time.
The second step was to raise money. They managed to raise €1M in just 3 months from some of the best European investors.
With the money they built the first version of the app and launched it in Barcelona in October 2015.
Since then, glovo has been growing at an incredible pace. We are now present in 21 countries in Europe, Latin America and Africa and we have delivered millions of orders.
In May 2018, we raised €100M led by Accel to keep on growing and becoming the leading on-demand delivery player in the world.
And this is just the beginning…
3. The Company’s Business Model
The company’s business model is based on a simple concept: it allows customers to order anything they want from any store or restaurant in their city, and it will deliver it to them within an hour.
The company was founded in 2015 by two entrepreneurs, Oscar Pierre and Sacha Michaud, who saw an opportunity to provide a better way to shop and order food in their home city of Barcelona.
The company has since expanded to other cities in Spain and Europe, and it now operates in over 20 countries.
The company has been growing rapidly, and it is now one of the most popular delivery apps in the world.
The company’s success is due to its simple and convenient delivery service, which has made it a favorite among customers.
The company has also been able to attract a large number of customers by offering discounts and promotions.
The company is currently valued at over $1 billion, and it is one of the most promising startups in the world.
4. The Company’s Funding
In October 2019, Glovo raised $150 million in Series E funding, led by Accel, with participation from Idinvest Partners, Rakuten Capital, and Vostok Emerging Finance. The round valued the company at $1.4 billion.
This funding came on the heels of a $125 million Series D in February 2019, which was led by Idinvest Partners and included participation from Accel, Cathay Innovation, Rakuten Capital, and Vostok Emerging Finance. That round valued the company at $780 million.
Prior to that, Glovo had raised $134 million in equity financing, according to Crunchbase. Its largest round was a $100 million Series C in December 2017, which was led by Idinvest Partners and included Accel, Cathay Innovation, Rakuten Capital, and Vostok Emerging Finance.
In total, Glovo has raised $409 million from investors including Accel, Cathay Innovation, Idinvest Partners, Rakuten Capital, and Vostok Emerging Finance.
5. The Company’s Expansion Plans
It was just a matter of time before Glovo expanded beyond its home turf of Spain and Portugal. The Barcelona-based startup, which delivers food and other goods via motorcycle within an hour, is now present in 21 cities across 12 countries in Europe, the Middle East, and Africa.
Glovo’s latest move is a $121 million investment led by Swiss investment firm Montijo Bloomberg. The new funding will be used to fuel Glovo’s expansion in its current markets and to enter new ones.
To date, Glovo has raised a total of $265 million from investors including Accel, Idinvest Partners, Cabiedes & Partners, and Vostok New Ventures.
In the last year, Glovo has been on a tear, more than doubling its revenue and number of orders. The company says it is now profitable in seven of its 21 markets.
Glovo’s business model is simple: the company partners with local businesses to deliver their products via motorcycle. Customers can order anything from food to groceries to medicine via the Glovo app.
The company has been able to expand quickly by partnering with existing local delivery companies in each new city it enters. This gives Glovo a built-in network of couriers and local knowledge.
Glovo is not the only company delivery company looking to capitalize on the growing demand for on-demand delivery. Uber, which already offers food delivery via its Uber Eats service, is reportedly considering adding other types of goods to its platform.
Glovo, which was founded in 2015, has a head start on Uber, but the US company is no doubt watching the Barcelona-based company’s expansion closely.
6. The Company’s Competitors
The Company’s Competitors
In the business world, it’s important to always be aware of your competition. This is especially true in the case of startups, where the competition can be fierce. So, who are Glovo’s main competitors?
Swiss
Swiss is a Swiss-based company that offers on-demand delivery services in Switzerland. The company was founded in 2014 and has since expanded to other countries in Europe, including France, Spain, and Portugal.
Montijan
Montijan is a Spanish company that offers on-demand delivery services in Spain. The company was founded in 2015 and has since expanded to other countries in Europe, including France and Portugal.
Bloomberg
Bloomberg is a global financial news and information provider. The company was founded in 1981 and is headquartered in New York City. Bloomberg offers a variety of services, including business news, financial analysis, and data services.see more
