Glovo say they become profitable (in that city) six to nine months after arriving. They seem to be run quite differently though to Uber / Deliveroo, probably b

Glovo say they become profitable (in that city) six to nine months after arriving. They seem to be run quite differently though to Uber / Deliveroo, probably because VC money doesn't or didn't flow quite as easily in Barcelona as it does in California. They talk about how it's a matter of timing and not entering markets with two established players, but I think the key for them has been only bothering with places which have a combination of low salary expectations/requirements and high densities (southern Europe, Latin America, Africa). I imagine that it's the driver pay in high-pay societies which blows up the economics of it.