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According to their website, Wolt launched in Austria and Iceland.
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'''Wolt''' is a [[Finland|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''' is a [[Finland|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.


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.<ref>{{Cite news |last=Sterling |first=Toby |date=1 June 2022 |title=DoorDash sees tepid Q2 for Wolt as it completes $3.5 bln takeover |language=en |work=Reuters |url=https://www.reuters.com/markets/europe/doordash-sees-tepid-q2-wolt-it-completes-35-bln-takeover-2022-06-01/ |access-date=8 February 2023}}</ref>
In May 2022, Wolt was acquired by the American technology company [[DoorDash]]. DoorDash operates in 29 countries today, 25 of which are with the Wolt product and brand.<ref>{{Cite news |last=Sterling |first=Toby |date=1 June 2022 |title=DoorDash sees tepid Q2 for Wolt as it completes $3.5 bln takeover |language=en |work=Reuters |url=https://www.reuters.com/markets/europe/doordash-sees-tepid-q2-wolt-it-completes-35-bln-takeover-2022-06-01/ |access-date=8 February 2023}}</ref>


== History ==
== History ==
Wolt was founded in 2014 by 6 founders, including Miki Kuusi, the former CEO of [[Slush (event)|Slush]] and CEO of Wolt. Kuusi is also responsible for DoorDash's business outside the US since May 2022, when DoorDash acquired Wolt.<ref name=":0">{{Cite news |last=Sterling |first=Toby |date=1 June 2022 |title=DoorDash sees tepid Q2 for Wolt as it completes $3.5 bln takeover |language=en |work=Reuters |url=https://www.reuters.com/markets/europe/doordash-sees-tepid-q2-wolt-it-completes-35-bln-takeover-2022-06-01/ |access-date=8 February 2023}}</ref>
Wolt was founded in 2014 by 6 founders, including Miki Kuusi, the former CEO of [[Slush (event)|Slush]] and CEO of Wolt. Kuusi is also responsible for DoorDash's business outside the US since May 2022, when DoorDash acquired Wolt.<ref name=":0">{{Cite news |last=Sterling |first=Toby |date=1 June 2022 |title=DoorDash sees tepid Q2 for Wolt as it completes $3.5 bln takeover |language=en |work=Reuters |url=https://www.reuters.com/markets/europe/doordash-sees-tepid-q2-wolt-it-completes-35-bln-takeover-2022-06-01/ |access-date=8 February 2023}}</ref>
[[File:Countries Wolt operates in.png|thumb|Countries Wolt operates-in in blue]]
[[File:Countries Wolt operates in.png|thumb|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.<ref>{{Cite web|date=3 June 2021|title=About|url=https://press.wolt.com/en-WW/about/|url-status=live|website=Wolt}}</ref> Wolt has over 7,000 employees across its offices in 23 countries.<ref>{{cite web |date=9 November 2021 |title=DoorDash Joins Forces with Wolt |url=https://ir.doordash.com/news/news-details/2021/DoorDash-Joins-Forces-with-Wolt/default.aspx |website=ir.doordash.com}}</ref>
As of May 2023, Wolt operates in 25 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.<ref>{{Cite web|date=3 June 2021|title=About|url=https://press.wolt.com/en-WW/about/|url-status=live|website=Wolt}}</ref> Wolt has over 7,000 employees across its offices in 25 countries.<ref>{{cite web |date=9 November 2021 |title=DoorDash Joins Forces with Wolt |url=https://ir.doordash.com/news/news-details/2021/DoorDash-Joins-Forces-with-Wolt/default.aspx |website=ir.doordash.com}}</ref>


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$|US $]]8.1&nbsp;billion. On 31 May 2022, the acquisition was completed.<ref name=":0" />
In November 2021, it was announced that Wolt was being merged into [[DoorDash]] through an exchange of shares, giving Wolt shareholders a minority of shares in DoorDash for a deal worth [[US$|US $]]8.1&nbsp;billion. On 31 May 2022, the acquisition was completed.<ref name=":0" />
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* 2020: Wolt launched in [[Japan]], [[Cyprus]], [[Malta]] and [[Germany]]. Wolt’s own chain of grocery stores, Wolt Market, was launched in Helsinki.
* 2020: Wolt launched in [[Japan]], [[Cyprus]], [[Malta]] and [[Germany]]. Wolt’s own chain of grocery stores, Wolt Market, was launched in Helsinki.
* 2022: The transaction closed and Wolt was acquired by DoorDash.<ref>{{Cite web |title=About – Wolt |url=https://wolt.com/en/about |access-date=17 November 2022 |website=wolt.com |language=en}}</ref>
* 2022: The transaction closed and Wolt was acquired by DoorDash.<ref>{{Cite web |title=About – Wolt |url=https://wolt.com/en/about |access-date=17 November 2022 |website=wolt.com |language=en}}</ref>
* 2023: Wolt launched in [[Austria]] and [[Iceland]].

This article was edited by a Wolt employee in January 2023.


== Drivers ==
== Drivers ==

Revision as of 13:48, 7 May 2023

Wolt
Industrytechnology
FoundedOctober 6, 2014; 9 years ago (2014-10-06)
Helsinki, Finland
FoundersMiki Kuusi, Elias Aalto, Mika Matikainen, Oskari Pétas, Lauri Andler, Juhani Mykkänen
ParentDoorDash
Websitewolt.com

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.

In May 2022, Wolt was acquired by the American technology company DoorDash. DoorDash operates in 29 countries today, 25 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 May 2023, Wolt operates in 25 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 25 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.[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.[5]

Timeline

Drivers

Wolt delivery drivers do not work for the company (except in Germany) 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). 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.[9][10]

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. ^ a b 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.
  9. ^ "Voiko ruokalähetti muka tienata 4 000 e/kk? Järjestön laskelma paljastaa karun totuuden palkasta". Iltalehti.fi. 18 November 2019.
  10. ^ "Miten lähetin eläketurva, sairausvakuuttaminen ja työttömyysturva toimivat?". Wolt Blog.


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