Markets
Investors want to catapult Wolt to the front of food delivery— here's how the company stacks up
Markets
Investors want to catapult Wolt to the front of food delivery— here's how the company stacks up
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.
