Spain's second unicorn Glovo aims to become profitable by 2021, expanding app to offer almost any type of goods for delivery within minutes.
Why
Limited on-demand options
Existing platforms mainly offer on-demand delivery services for food and groceries.
Limited by distance
Majority of local stores can only reach customers within their neighborhoods.
Speedy delivery times
Many consumers expect non-food items to be delivered within several hours, or same-day service.
Market
$200bn
Forecast global market value of online food delivery sector by 2025. Only 11% of the world population have access to on-demand food services platforms in 2019.
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