The startup Glovo raises € 140.000 in its first round of financing

The startup Glovo raises € 140.000 in its first round of financing

glovo, a startup providing Courier services based on collaborative consumption, it has closed its first investment round of 140.000 euros with investors from the online sector in Spain. The idea on which Glovo is based is to exploit the collaborative economy in the logistics services around a mobile application.

Glovo is a mobile app qwhich connects users who need to buy, send or go looking for a product with the so-called glovers. Un glover is a person who is willing to perform this work in exchange for a fixed fee. In other words, a glover is a kind of messenger that is offered to perform the services demanded by users. According to Glovo, this service is 30% cheaper than traditional courier companies.

The operation is simple. The user places his order through the app and a glover receive the notification. Once the order is accepted, the order is started and when the delivery is made, the client can pay through the application and assess the glover. Glovo is currently only available in Barcelona.

The company, founded at the end of 2014 by the Barcelona Oscar pierre, 22, has managed to raise 140.000 euros in its first round of financing. Renowned Business Angels such as Carlos Blanco, Francesc Pi, Pere Mallol, Sacha Michaud, David Tomás, Rubén Ferreiro and Guillermo Llibre have led the investment. Pierre's intention is to take advantage of his time at Connector to achieve good optimization and rapid growth of the app and to reopen a second round of investment after the acceleration.

Pierre, who bases his business on the collaborative consumption, defines its service as fast, cheap, easy and personalized. In less than 60 minutes, the application allows you to simply order what you want from your city, from a bouquet of flowers, to take away food, a gift or whatever you need. Pierre explains that "The Glovo team works to create and offer the most efficient delivery service in the world thanks to the optimization of resources that new technologies and the shared economy model allow".

Pierre has explained that he will invest the proceeds mainly in online marketing, in its expansion in other cities of the peninsula (currently they only offer their service in Barcelona) and in reinforcing their presence by generating strategic alliances with local business partners and eCommerce They also want to expand the team and “Pamper all our users. People are crying out for more efficient eCommerce and courier logistics; and this is one of Glovo's objectives ”.

At Glovo they know that a large part of the success of the project is based on the good service of the glovers and the trust they generate. Therefore, before signing one, the candidate must fill out a form and attend an interview, after which, if eligible, they receive training from the Glovo team before being included in the team. In addition, as users can value glovers, depending on the experience and evaluations they receive, they will earn a greater or lesser percentage of the money paid by consumers, always between 70 and 80%.

On the other hand, for guarantee the safety and trust of users, Glovo, in addition to taking care of the selection of glovers, It has insurance that covers the merchandise and allows the user to locate and follow their order throughout the journey through their mobile application. The app also reports an estimate of the delivery time and the user knows who is in charge of their order, thus being able to contact the customer directly. glover at all times.

Glovo has been active for five months, and since then it has already executed more than 250 services, with an average time of 30 minutes. In addition, this startup won the #BCNstartupsNetworks by Wayra contest as the best pitch of the night on February 19.


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