📈 Growth After the War
Glovo, a Spanish delivery service, has seen its business in Ukraine grow by 23% compared to pre-war levels. This remarkable recovery was highlighted by Glovo co-founder Sasha Mishio and Glovo Ukraine director Maryna Pavluk. They confirmed that the company restored its business volume to pre-invasion levels by November 2022. "Ukraine remains a crucial market for us, and we are committed to supporting its recovery," said Mishio.
💰 Significant Investments
Ukraine is the third-largest market for Glovo. Since entering the market, Glovo has invested over €100M ($110M). The company is not stopping there; it plans to continue investing to support growth and expansion. Recently, Glovo announced the launch of services in several cities in eastern Ukraine, expanding its presence to 37 cities. "Our commitment to Ukraine is stronger than ever," noted Pavluk.
🛑 Brief Suspension in 2022
On February 24, 2022, following the full-scale invasion by Russia, Glovo's top management decided to suspend all operations in Ukraine. However, this pause was short-lived. By early March 2022, the Ukrainian team convinced headquarters to resume operations, ensuring continued service to their customers. "We knew how important our service was, especially in challenging times," Pavluk recalled.
🌍 Expanding Reach
Glovo's expansion in Ukraine is part of a broader strategy to increase its footprint in key markets. The decision to restart and expand operations in Ukraine underscores the company's resilience and adaptability. Glovo now operates in 37 Ukrainian cities, with new services launched in the eastern regions. "We're excited about our growth and the opportunity to serve more communities," said Mishio. This ongoing investment and expansion highlight Glovo's commitment to supporting Ukraine's recovery and economic growth.
How do you think Glovo's expansion will impact the Ukrainian market?
