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// HALL OF FLAME · STARTUP AUTOPSY
Founded2015
Closed2023
CountrySpain
SectorMarketplace
Total raised€1.1B
FounderOscar Pierre

Glovo (regulatory crisis)

"The delivery app that built its model on gig workers. Spain's Ley Rider said no."

—
RAISED
—
EMPLOYEES
96
MONTHS
regulation

Key Events Timeline

2021-08
REGULATORY ACTION
Spain's Riders Law forces gig worker reclassification. Glovo faces €79M in fines.
2022-07
LAYOFF
Glovo lays off 250 employees — 9% of workforce — citing profitability pressure.
2023-02
REGULATORY ACTION
Fined €57.6M — largest labour fine in Spanish history.
🔥 Hall of Flame 70%🏆 Hall of Fame 30%

Glovo, founded in Barcelona in 2015, built its business model on gig-economy couriers classified as independent contractors.

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More Marketplace →More from Spain →More regulation failures →Raised: €1.1B
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