Glovo's Revenues Increased Significantly During Pandemic

"Glovo" revenues in the pandemic 2020 have increased significantly compared to 2019. It is clear from the financial statements of the company for 2020.

According to the financial indicators, "Glovo Georgia" falls into the fourth category of enterprises. This means that the total value of its assets is 10 million GEL; Revenue of $20 million; And the average number of employees does not exceed 50.

According to reports, by the end of 2020 Glovo Georgia owned assets of GEL 5,901,524; At the same time, the company's revenue last year was 20,641,441 GEL, while this figure in 2019 was 7,272,267 GEL. As for the profit, as the reports show, the company ended 2020 with a loss of 8,207,726 GEL.

According to the report, the company was founded in 2018 and its 100% shareholder is the Spanish company "Glovoapp 23" S.L.