Glovo, in the line of sight of Uber and Deliveroo, to expand into the delivery sector | Opening of the company

Two big companies would be interested in acquiring Glovo delivery platform . According to a Bloomberg report, Uber and Deliveroo In recent months, they have had talks with the start-up of Spanish origin with the aim of merging their activities and developing in the food distribution sector.

According to similar sources, the Catalan firm is interested in exploring companies or alliances develop at the regional level, but, at first, do not look for a buyer. In turn, the media confirm that the negotiations have not resulted in any formal agreement for the time being.

The British Livreroo operates strongly in Europe and Asia, although does not work in Argentina. For its part, Uber launched its distribution platform, Uber Eats, first in Mendoza and Cordoba, before landing in April 2019 in Greater Buenos Aires, where it expanded in the west, north and south.

The delivery market is booming internationally with the recent $ 6100 million merger between Just Eat and TakeAway. The latter had already invested $ 1 billion in the German subsidiary of Delivery Hero.

Delivery saves crisis of bike shops

Resellers pedaling with backpacks and yellow, orange or red jackets have become an integral part of the Buenos Aires landscape. The famous orange bikes abound and offer better results for some than others. This development, combined with the interest rate cut for Now 12, has in some ways boosted the activity of bike shops.

Meanwhile, Door Dash recently acquired Square's food distribution application, Caviar, for an amount of $ 410 million. In the case of Glovo, it confirmed in July an agreement with the supermarket chain Carrefour to deliver orders in France, Spain, Italy and Argentina.

In the local market, the Spanish start-up is operational since the beginning of 2018, has invested more than 20 million dollars and has 7000 active dealers. The company is valued at 850 million euros, or $ 950 million, and plans to become public next year.

However, last week a Judgment of Judge Roberto Gallardo complicated the operation of this type of business after suspend your service. In a joint statement, Glovo, OrdersYa and Rappi confirmed that they would appeal the sentence and announced that they would challenge the magistrate.

"The company hopes to continue operating and complying with labor law, continue to invest and generate a positive impact on the thousands of distributors and businesses benefiting from the platform," the company said. yellow backpacks.