Egypt’s competition watchdog, the Egyptian Competition Authority (ECA), in a very interesting move, has ordered the Spanish on-demand delivery startup Glovo that recently exited Egypt for unknown reasons to resume its operations in the country. ECA is accusing Glovo and Delivery Hero of restricting competition in Egypt.
Glovo, a Barcelona-headquartered on-demand delivery startup that had expanded to Egypt exactly a year ago, announced last month (in a message sent to its delivery partners) that it was shutting down operations in Egypt.
The Egyptian Competition Authority is now accusing that the two companies had reached a market allocation agreement (an agreement used by competitors to divide markets and customers) that resulted in Glovo’s exit from Egypt.
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