Glovo

His request was denied.

Tuesday the 29th, a Georgian competition and consumer agency initiated an investigation into alleged anti-competitive market practices by major food delivery platforms, Volt and Glovo, following a formal complaint filed by Yandex Delivery.

Russian-owned Yandex accuses Finnish-founded Volt and Spanish-founded Glovo of enforcing restrictive exclusivity agreements with local restaurants and commercial food outlets.

According to the complaint, these contractual agreements forbid partner establishments from collaborating with rival delivery applications, potentially violating Georgia's law on competition by artificially raising market entry barriers for new services.

On Thursday the 24th, Kutaisi City Court Judge Tsitsino Kikwadze filed a challenge in Georgia's constitutional court against a law penalizing insult to public officials.

Uh, he's been at various companies including American Express.

Glovo is another one that he's worked at.

We also spoke about On's technology principles, how they're using AI, how they've kind of... how technology has been at the heart of, I suppose, the disruption of the sportswear market, to be honest.

And, um, as you can probably imagine, we eventually got onto the subject of On's move into football.

And I don't think they've actually exited.

It's just a situation where they sit back and they realize, okay, what is the valuable thing for us to stay here? Uber also did the acquisition of Glovo.

I

think they acquired a very controlling stake, if I'm not wrong, of Delivery Hero.

which owns Glovo.

And Glovo is still very live in Uber.

It's just that you realize the economics of something like a delivery or a grocery delivery business is fundamentally different from a ride-hailing one.

That one you're taking first of all on the delivery itself.

So I, I think there are multiple things here, right? Um, I spoke to some people who run ride hailing companies about this.

One of my best friends, you know, is country manager for Glovo.

Um, and so, and I spoke to the person who's country manager for Uber in Ghana.

Um, first, we have socioeconomic problems, and the gap between-- And, and the people who are targeted by Uber, especially in a place like Nigeria with the population size, with the...

knows

but on the other hand there's the bit about Uber acquiring or delivery hero the parent company of Google now I don't know that it means that Uber is coming back to Nigeria I think they'll just let Google do whatever it is they're doing in Nigeria I don't know that they're gonna I don't know and it's that are going to invest heavier in the food delivery market or the delivery market at all, because that's another interesting, very interesting...

Yeah,

that deal was

But then there was an antitrust issue.

So 14 businesses got sent to partners.

But Uber was supposed to keep Glovo's operations in Nigeria, Kenya, Uganda, Cote d'Ivoire, Morocco, and Tunisia, plus another app, I think, in Egypt.

But that acquisition hasn't closed.

through a marketplace or is that one piece? No, this is just one piece.

And then our second business, we call it Pop-Up Shopping Missions, and it's around QuickCommerce, where we are present in aggregators as Uber Eats and Glovo.

And we

have our own delivery app called Kiko, with shorter time spans for

through a marketplace or is that one piece? No, this is just one piece.

And then our second business, we call it Pop-Up Shopping Missions, and it's around QuickCommerce, where we are present in aggregators as Uber Eats and Glovo.

And we have our own delivery app called Kiko, with shorter time spans for

delivery.

But I think the beautiful thing about our model is, you know, if you put a thousand bikes on the road in London and all of a sudden we start diluting our own revenue, we can just take 50 of them and move them to another city, which is... handle the capacity because i think we're not fixed to a borough or to a particular jurisdiction so we can be quite flexible in that regard in terms of the scale i think we sort of touched on it in terms of the uber sort of journey where we can replicate you know the screens and give a network for them to build but i think you know this is a journey for us where it's not a long-term you know lifestyle business we want to build this as quickly as we can to then make it sort of a platform which is big enough to be acquired and then take it and for that i think we need to have three or four territories and by i mean you know europe asia and the americas looking at ways in which we can we can really drive the biggest scale within there but i think Our launch criteria is very, very straightforward and simple.

Is there a two-wheel delivery ecosystem in there? So is there Uber Eats, Deliveroo, Justy, DoorDash, Walt, Glovo, whoever it may be around the year, GoPanda, Hungry Panda, GoPanda, all these ones around the world, Grab and the likes in Asia.

Playing field essentially to get the bikes on the road is huge.

We've got lots of opportunities there.