In conversation with the FT this week, Kuusi said: “Frankly speaking, if you had asked me a few months ago, I would have said we would rather compete. “We started the readiness process after the last round,” he told us back in January, when Wolt announced a $530m investment led by ICONIQ Growth.
Last time Sifted spoke to Miki Kuusi, Wolt’s cofounder and chief executive, the endgame was an initial public offering (IPO). It has also been exploring the super-hot grocery delivery sector, experimenting with a handful of “dark stores” in Finland and signing partnerships with big and small food retailers across Europe. Like many of its competitors, Wolt saw business boom during the pandemic, jumping from 700 employees and €87m in turnover in 2019 to 2,200 employees and $345m in revenue in 2020. FINLAND, Helsinki Wolt, the Helsinki-based online ordering and delivery company that initially focused on restaurants but has since expanded to other verticals, has raised 530 million in a new funding round led by Iconiq Growth, with participation from Tiger Global, DST, KKR, Prosus, EQT Growth and Coatue. The Helsinki-based food delivery company specialising in real-time logistics optimisation has raised 530M (approx 436.4M) in a fresh round of funding led by ICONIQ Growth. Previous backers 83North, Highland Europe. I just saw that we can do so much more together” Every company in this sector wants to grow along with the industry, and one such startup in the sector that wants to disrupt the market is Wolt. The round was led by Iconiq Growth, with participation from Tiger Global, DST, KKR, Prosus, EQT Growth and Coatue. “Frankly speaking, if you had asked me a few months ago, I would have said we would rather compete. It has over 4,000 employees and operates in 23 companies. Wolt har over 530 ansatte, og hadde som uttalt ml ansette 1 000 flere. This time last year, Wolt had 700 employees, was operating in 20 countries and reported 87m turnover in 2019. Wolt, which was founded in 2014, was a pioneer in the European food delivery sector. Wolt er et finsk teknologiselskap som er kjent for sin matleveringsplattform. It’s just raised 530m in a round led by ICONIQ Growth to expand its speedily-growing retail delivery service faster and further.
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