Glovo’s Sacha Michaud: ‘I think there will be consolidation’

INSUBCONTINENT EXCLUSIVE:
Many companies realized that there was a huge opportunity when it comes to on-demand delivery of food and groceries
And apparently, too many companies, as Glovo co-founder Sacha Michaud expects some consolidation in the space in the near future.At
said.Michaud then said that Spain and Southern Europe are the best markets for Glovo
The company generates an operating profit in those markets
Glovo wants to focus on markets where the company can be the leader or at least the second player.Recently, Just Eat and Takeaway.com have
announced plans to merge and form a food delivery giant
We want to be profitable and depend on ourselves, which would put us in a really nice position to be
delivery companies is that delivery partners could be reclassified as employees in some markets