The Finnish food delivery startup, which has become a major European player and recently expanded into retail and groceries, took home $530 million in a new funding round this week. Wolt hasn’t released a valuation but CEO Miki Kuusi says the six-year-old firm has hit unicorn status. Wolt will complete preparations for an IPO this year, planning for a 2022 stock market debut. Still, the investor darling has mountains to climb. The food delivery industry is flush with funding right now, and rapidly consolidating.
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