Wolt

Wolt is a Finnish technology company known for its delivery platform for food and merchandise. On Wolt's apps (iOS and Android) or website, customers can order food and household goods from the platform's restaurant and merchant partners, and either pick up their order or have it delivered by the platform's courier partners. Wolt also runs its own chain of grocery stores called Wolt Market. Wolt is headquartered in Helsinki.

Wolt
Industrytechnology
FoundedOctober 6, 2014 (2014-10-06)
Helsinki, Finland
FoundersMiki Kuusi, Elias Aalto, Mika Matikainen, Oskari Pétas, Lauri Andler, Juhani Mykkänen
ParentDoorDash
Websitewolt.com

In May 2022, Wolt was acquired by the American technology company DoorDash. DoorDash operates in 27 countries today, 23 of which are with the Wolt product and brand.[1]

History

Wolt was founded in 2014 by 6 founders, including Miki Kuusi, the former CEO of Slush and CEO of Wolt. Kuusi is also responsible for DoorDash's business outside the US since May 2022, when DoorDash acquired Wolt.[2]

Countries Wolt operates-in in blue

As of November 2022, Wolt operates in 23 countries and over 300 cities, including Helsinki, Tokyo, Tel Aviv and Berlin. Wolt has over 70,000 merchant partners, 150,000 courier partners and 20 million registered customers.[3] Wolt has over 7,000 employees across its offices in 23 countries.[4]

In November 2021, it was announced that Wolt was being merged into DoorDash through an exchange of shares, giving Wolt shareholders a minority of shares in DoorDash for a deal worth US $8.1 billion. On 31 May 2022, the acquisition was completed.[2]

Before the DoorDash acquisition, Wolt raised $856M in funding from investors including ICONIQ Capital, Highland Europe, 83North, EQT Ventures, Tiger Global, DST Global, Prosus, KKR, Coatue, Inventure, Lifeline Ventures, Supercell founder & CEO Ilkka Paananen and Nokia Chairman Risto Siilasmaa, among others.

Wolt was ranked second in the 2020 edition of the FT:1000 Europe's Fastest Growing Companies 2020 published by the Financial Times.[5]

Timeline

This article has been edited by a Wolt employee in January 2023.

References
  1. Sterling, Toby (1 June 2022). "DoorDash sees tepid Q2 for Wolt as it completes $3.5 bln takeover". Reuters. Retrieved 8 February 2023.
  2. Sterling, Toby (1 June 2022). "DoorDash sees tepid Q2 for Wolt as it completes $3.5 bln takeover". Reuters. Retrieved 8 February 2023.
  3. "About". Wolt. 3 June 2021.{{cite web}}: CS1 maint: url-status (link)
  4. "DoorDash Joins Forces with Wolt". ir.doordash.com. 9 November 2021.
  5. Kelly, Maxine (2 March 2020). "FT 1000: the fourth annual list of Europe's fastest-growing companies". Financial Times. Retrieved 23 March 2020.{{cite web}}: CS1 maint: url-status (link)
  6. "Wolt delivers the goods with robots". Good News from Finland. 28 November 2016.
  7. "Starship hakkab Tallinnas toitu koju tooma". Arvutimaailm (in Estonian). 28 November 2016.
  8. "About – Wolt". wolt.com. Retrieved 17 November 2022.


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