Glovo and Yellow.vc co-founder, Sacha Michaud

In this episode, Kyriakos Eleftheriou, Terra API CEO sits down with Sacha Michaud, co-founder of Glovo, one of the biggest tech successes in the European tech ecosystem,and Yellow.VC, an early-stage fund

Sacha shares the journey of building the on-demand delivery service from its inception in Barcelona to its expansion across 25 countries and a $2.3 billion acquisition.

He discusses the initial challenges of fundraising, competing against larger companies, and the importance of passion and culture in building a successful team. Michaud reflects on the early days of Glovo, where they experimented with a simple app that allowed users to order anything from the city, leading to unexpected viral growth despite initial losses. He emphasizes the significance of adapting to market needs and the evolution of Glovo's business model over the years, particularly during the COVID-19 pandemic, which accelerated the demand for grocery delivery.

Chapters

00:00 Introduction

02:29 The Birth of Glovo: From Idea to Launch

05:59 Viral Growth and Initial Operations

12:06 Realizing the Potential of Glovo

21:39 Expanding into New Markets

38:55 Navigating Competition and Strategic Decisions

50:39 The $2.3B Acquisition

55:00 Yellow, and investing in new startups

01:04:11 AI and Future Trends in Delivery