Glovo helps startups in Ukraine

Glovo, the global technology platform originally founded in Barcelona, recently partnered with the Ukrainian Startup Fund to host the Glovo Ukraine Startup Lab competition.

With operations in 2,000 cities across 25 countries, Glovo has over 5 million active monthly users and a network of approximately 180,000 partners. The event, which took place in Kyiv on May 16, saw three winning startups receive a total investment of €35,000. These startups were selected from a pool of 20 teams and over 70 applications, showcasing innovation in areas such as mobility, logistics, food technology, FinTech, and lifestyle.

Glovo is a pioneering tech platform that enables users to purchase, deliver, and transfer any item within city limits. Since its establishment in Barcelona, the company has expanded its services to millions of customers in 2,000 cities across Europe, Central Asia, and Africa. Glovo has been operating in Ukraine since October 2018 and currently serves 35 cities in the country.

The funding raised through the competition will provide the winning startups with the means to further develop and internationalise their projects. The top prize of €20,000 went to Revisior, a comprehensive feedback and NPS service that utilizes artificial intelligence and machine learning. DEEPLOYALTY, a digital platform enabling retailers and banks to issue loyalty cards and display transaction receipts, secured €10,000. The remaining €5,000 was awarded to Spendbase, a unified platform for company cost optimisation that integrates virtual banking systems, cost control systems, and SaaS management.

Sasha Micho, co-founder of Glovo, expressed their belief in Ukraine’s potential to become a regional technology hub, citing the country’s unique combination of talent and startup culture. The launch of the Glovo Ukraine Startup Lab is part of Glovo’s efforts to not only create innovative solutions connecting couriers, users, and institutions, but also to expand the capabilities of local technological ecosystems. Micho emphasized that this initiative will be a regular occurrence, providing support to Ukrainian startups seeking funding and international expansion.