Glovo's strategic exit from Latin America to double down on Eastern Europe
“I mean but there was strong competition and with deep pockets, and we we had an opportunity to exit the market successfully.”
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about 10 markets almost immediately, and it went really well, actually. I mean but there was strong competition and with deep pockets, and we we had an opportunity to exit the market successfully. It was it was an opportunity with one of our competitors. And with and we were just beginning we just recently launched in Eastern Europe, and that was going very well. And and both Eastern Europe, also Central Asia, and Central Asia, and the Balkan Region. So and we we thought it was a very good decision to have that opportunity to take the capital from from Latin America and double down in Eastern Europe.
About this clip
Sacha Michaud explains Glovo's decision to exit Latin American markets despite early success, choosing to sell to a competitor and reinvest that capital into their expanding Eastern European and Central Asian operations. He discusses the strategic thinking behind knowing when to exit a competitive market even when things are going well.
Why this clip
This clip captures a counterintuitive strategic decision where a founder chose to exit successful markets to focus resources elsewhere, demonstrating sophisticated capital allocation thinking.
What they said next
I left home at 16. My grandparents knew a trainer, and I was, I I loved sports as a kid, and but I was the smallest smallest guy in the school, and everyone would guess, from about 13 onwards, 14 was saying, you should be your jockey. So I actually had the contact, and he said, yeah. Yeah. I mean, 16, tell him to pack his bags and come and work for me.
2:27 - 36s · Origin Story
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