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667 Food delivery app Wolt raises $530 million to expand into groceries

Business of Apps
Anne Freer @ Business of Apps 2 place · 01/27/2021 04:12 EDT

Food delivery app Wolt raises $530 million to expand into groceries

Wolt, the Finnish food delivery app start-up, just raised $530 million in a financing  round led by ICONIQ Growth. The company which already operates in 23 countries and has some 700 employees plans to use the funds to speed up its retail delivery services. Wolt has been steadily expanding its network of retailers and seems to be prepping for an IPO as well. In 2019, Wolt reported a turnover of over €87 million delivering food across 129 cities. Revenues were even higher in 2020 ($345 million).  It’s not th

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