Glovo shuts down in Egypt, three other markets
The Spanish on-demand delivery startup Glovo sent its delivery representatives a message on 24 January saying: "The deadline for the delivery of cash surpluses in your possession is Thursday, 30 January."
Three days earlier, Glovo announced that "it is exiting four markets including Egypt" as part of a plan to push for profitability in 2021.
"This has been a very tough decision to take, but our strategy has always been to focus on markets where we can grow and establish ourselves among the top two delivery players while providing a first-class user experience and value for our Glovers, customers and partners," it added.
In addition to Egypt, the on-demand delivery startup shut down its services in Turkey, Puerto Rico and Uruguay.