A major contributor to this article appears to have a close connection with its subject.(March 2023) |
Wolt | |
Company type | Private |
Founded | October 6, 2014 in Helsinki, Finland |
Founders |
|
Headquarters | |
Parent | DoorDash |
Website | wolt |
Wolt Enterprises Oy, [1] [2] trading as Wolt, is a Finnish food delivery 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. [3] Wolt is headquartered in Helsinki. [4]
In May 2022, Wolt was acquired by the American food delivery company DoorDash. DoorDash operates in 29 countries today, 25 of which are with the Wolt product and brand. [5]
Wolt was founded in 2014 by 6 founders, including Miki Kuusi, the former CEO of Slush and CEO of Wolt. Kuusi has been responsible for DoorDash's business outside the US since May 2022, when DoorDash acquired Wolt. [5]
As of May 2023, Wolt operates in 25 countries and over 300 cities, including Helsinki, Tokyo, and Berlin. Wolt has over 70,000 merchant partners, 150,000 courier partners and 20 million registered customers. [6] Wolt has over 7,000 employees across its offices in 25 countries. [7]
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. [5]
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, [8] Coatue, Inventure, Lifeline Ventures, Supercell founder & CEO Ilkka Paananen and Nokia Chairman Risto Siilasmaa, among others.[ citation needed ]
Wolt was ranked second in the 2020 edition of the FT:1000 Europe's Fastest Growing Companies 2020 published by the Financial Times . [9]
Wolt delivery drivers do not work for the company (except in Germany and Denmark) but are self-employed and can decide when, where and how much they work. As self-employed, couriers must pay all the incidental costs of their work, such as pension contributions, social security and tooling costs, out of the salary they receive. Their pension and sickness cover in Finland is typically provided through the YEL insurance (Entrepreneur's Pension Insurance), possible after 4 months, and obligatory by Finnish law after 6 months, if yearly YEL income is at least EUR 8,575.45. [18] For example, when using a car, petrol, insurance and other costs are borne by the entrepreneur. As self-employed persons, couriers do not receive paid holidays. According to Wolt, about a third of the couriers are full-time. About a quarter are students. There is a significant proportion of immigrants in Helsinki, for example. [19] [20]
The German Hotel and Restaurant Association Dehoga recommends that restaurants in Germany should not participate in delivery services which, like Wolt, "intervene in the restaurants' own pricing policy" by "taking a provision of 30%". A self-organized delivery, Dehoga says, would be a better option if possible. They also see it as dangerous that in the long run, through gaining all delivery data, these services may build up competing kitchens, serving the most-wanted dishes and leaving the restaurants empty-handed, which some services already do. [21]
Nordic Global Airlines Oy was a Finnish cargo airline which existed 2011–2015, and was based at Helsinki Airport.
Delivery Hero SE is a German multinational online food ordering and food delivery company based in Berlin, Germany. Founded in 2011, the company operates in 70+ countries internationally in Europe, Asia, Africa, Latin and South America, and the Middle East, and partners with 500,000+ restaurants. Delivery Hero has increasingly branched out beyond food delivery, and is a leading player in the emerging category of quick commerce, which delivers small batch orders in under an hour.
Freshlocal Solutions Inc. is an online grocer, wholesale distributor, store operator and software licensing company based in Vancouver. The company was founded as Small Potatoes Urban Delivery in 1997. In September 2021 Freshlocal went under new executive leadership which resulted in key leadership changeover and in May 2022 it filed for bankruptcy protection.
Menulog Pty. Ltd. is an Australian online food and beverage ordering app and delivery service platform, headquartered and founded in Sydney in 2006. It was bought in 2015 by UK-based Just Eat, which was subsequently folded into Dutch-based Just Eat Takeaway.com in 2020, following Just Eat's acquisition.
Postmates Inc. is an American food delivery service, founded in 2011, and acquired by Uber in 2020. It offers local delivery of restaurant-prepared meals and other goods. It is headquartered in San Francisco, California.
Ola Consumer, formerly Ola Cabs, is an Indian transportation company that provides ride-hailing services and operates other business verticals such as financial services and cloud kitchens. It is headquartered in Bangalore, and operates in 250+ Indian cities.
Meituan is a Chinese shopping platform for locally found consumer products and retail services including entertainment, dining, delivery, travel and other services. The company is headquartered in Beijing and was founded in 2010 by Wang Xing.
DoorDash, Inc. is an American company operating online food ordering and food delivery. It trades under the symbol DASH. With a 56% market share, DoorDash is the largest food delivery platform in the United States. It also has a 60% market share in the convenience delivery category. As of December 31, 2020, the platform was used by 450,000 merchants, 20,000,000 consumers, and one million delivery couriers.
Food delivery is a courier service in which a restaurant, store, or independent food-delivery company delivers food to a customer. An order is typically made either by telephone, through the supplier's website or mobile app, or through a third party food ordering service. The delivered items can include entrees, sides, drinks, desserts, or grocery items and are typically delivered in boxes or bags. The delivery person will normally drive a car, but in bigger cities where homes and restaurants are closer together, they may use bikes or motorized scooters.
Deliveroo is a British online food delivery company founded by Will Shu and Greg Orlowski in 2013 in London, England. It operates in the United Kingdom, France, Belgium, Ireland, Italy, Singapore, Hong Kong, the United Arab Emirates, Kuwait, and Qatar. It formerly operated in Germany, Taiwan, Spain, the Netherlands, and Australia. Its subsidiary operation, Deliveroo Editions operates dark kitchens for the preparation of delivery-only meals.
Bolt is an Estonian mobility company that offers ride-hailing, micromobility rental, food and grocery delivery, and carsharing services. The company is headquartered in Tallinn and operates in over 500 cities in more than 45 countries in Europe, Africa, Western Asia and Latin America. The company has more than 150 million customers and more than 3 million driver and courier partners. The company has plans for an initial public offering in 2025.
Uber Eats is an online food ordering and delivery platform launched by the company Uber in 2014. The meals are delivered by couriers using various methods, including cars, scooters, bikes, or on foot. It is operational in over 6,000 cities in 45 countries as of 2021.
Starship Technologies, Inc. is an Estonian company developing autonomous delivery vehicles. Founded in 2014, the company is headquartered in San Francisco, California, with engineering operations in Tallinn, Estonia, and Helsinki, Finland. Starship also has offices in London and Milton Keynes in the United Kingdom and in Hamburg, Germany.
Glovo is a Spain-based, delivery app founded in 2014 by Oscar Pierre, and launched in 2015 by himself and Sacha Michaud following an initial round of funding. Since mid-2022, Glovo has been a part of the Delivery Hero Group, a publicly traded German company.
Eurosender is an online platform for booking door-to-door logistics services in Europe. It provides postal, courier and freight forwarding services. The company was founded in 2014 by Slovenian entrepreneurs Tim Potočnik and Jan Štefe.
Roadie Inc. is an American crowdsourced delivery platform for business and private same-day, urgent and scheduled delivery in the United States. The company was founded in 2014 and launched its web and mobile apps in January 2015. As of September 2021, it reported having over 200,000 drivers covering more than 20,000 zip codes.
Robomart is an American technology company headquartered in Santa Monica, California that builds autonomous smart shops for cafes, ice cream parlors, and quick-service restaurants. The company’s white label platform gives retailers the option to expand their footprint at a significantly lower cost than traditional brick-and-mortar real-estate.
Swiggy is an Indian online food ordering and delivery company. Founded in 2014, Swiggy is headquartered in Bangalore and operates in more than 580 Indian cities, as of July 2023. Besides food delivery, the platform also provides quick commerce services under the name Swiggy Instamart, and same-day package deliveries with Swiggy Genie.
Yango Group is a tech ecosystem which provides multiple services, such as ride-hailing, public transport data, delivery, food delivery, e-grocery, maps, entertainment services and AI voice assistant.
ASAP Inc., stylized Asap, was an American online and mobile prepared food ordering and delivery and Grocery delivery company. It originated in Lake Charles, Louisiana, where it was founded as Waitr, Inc. by Chris Meaux with support from McNeese State University. The company was headquartered in Lafayette, Louisiana.