Glovo
Delivery Hero's Barcelona-based app that delivers restaurant meals, groceries, pharmacy and shop items and parcels in Southern and Eastern Europe, Africa and Central Asia.
A Barcelona start-up Delivery Hero backed, then bought.
Founded in Barcelona in 2015, Glovo took money from Delivery Hero from 2018; Delivery Hero raised its stake from 44.3% to 94.5% when the deal closed on July 4, 2022, paying mainly in new shares.
How big is Glovo?
Takes a commission on every order from restaurants and shops, plus delivery and service fees from customers.
- Commissions from restaurants and shops
- Delivery and service fees
- Glovo Prime subscription
- Advertising
- Grocery sales
- 2015Founded in Barcelona
- 2019Becomes a unicorn
- 2020Sells Latin America
- 2022Delivery Hero takes control
- 2025Spanish riders become employees
The core of Delivery Hero's Europe segment.
Glovo serves most of the Europe segment's markets plus the group's six African and two Central Asian countries; the segment, shared with foodora, efood and foody, brought 20% of group GMV in 2025.
- Glovoapp23 S.A. annual revenue and profit: the accounts are filed with the Registro Mercantil de Barcelona but are not freely available online, and Glovo publishes no results release
- Glovo's own annual GMV, orders and revenue (its newsroom gives only cumulative orders and Q-commerce turnover; Delivery Hero reports only the Europe segment, which also includes foodora, efood and foody)
- Glovo's share of Delivery Hero GMV or revenue
- Glovo's monthly active users (only 'millions of users')
- Glovo's adjusted EBITDA
Every number on this page comes from Delivery Hero's own reports.
- Delivery Hero Annual Report 2022: acquisitions (PDF p.83): closing of the Glovo acquisition on July 4, 2022… ↗
- Delivery Hero conference call presentation on Glovo (11 January 2022), p.10: Delivery Hero led Glovo's May … ↗
- Delivery Hero Acquires Majority of Glovo (announcement presentation, 31 December 2021): Glovo at a glance, … ↗
- Delivery Hero Annual Report 2025: Europe segment GMV €9,693.2M and 20% share of group GMV (PDF p.4-5); reve… ↗
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