![]() ![]() Prosus is a global consumer internet group and one of the largest technology investors in the world. Operating and investing globally in markets with long-term growth potential, Prosus builds leading consumer internet companies that empower people and enrich communities. Wolt, which was founded in 2014, was a pioneer in the European food delivery sector.The group is focused on building meaningful businesses in the online classifieds, food delivery, payments and fintech, and education technology sectors in markets including India, Russia, and Brazil. Wolt, a food delivery app that's expanded into groceries and retail, has raised 530 million as it tries to take on Amazon. It has over 4,000 employees and operates in 23 companies. 26 January 2021 Iconiq Growth has led a 530m funding round for Finland-based consumer products delivery service Wolt. The funding round in the six-year-old company was led by ICONIQ Capital. ![]() ![]() It’s snowy in Helsinki, but that’s not stopping local food delivery company Wolt. “Frankly speaking, if you had asked me a few months ago, I would have said we would rather compete. I just saw that we can do so much more together” It’s just raised 530m in a round led by ICONIQ Growth to expand its speedily-growing retail delivery service faster and further. The company raised 530 million from ICONIQ Growth, Tiger Global, DST, KKR, Prosus, EQT Growth, Coatue, 83North, Highland Europe, Goldman Sachs Growth. 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. 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. Last time Sifted spoke to Miki Kuusi, Wolt’s cofounder and chief executive, the endgame was an initial public offering (IPO). The company raised 530 million from ICONIQ Growth, Tiger Global, DST, KKR, Prosus, EQT Growth, Coatue, 83North, Highland Europe, Goldman Sachs Growth Equity. “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. It’s just raised 530m in a round led by ICONIQ Growth to expand its speedily-growing retail delivery service faster and further. 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. This time last year, Wolt had 700 employees, was operating in 20 countries and reported 87m turnover in 2019. Now, it’s in 23 countries and 129 cities, has more than 2,200 employees and saw revenue triple in. Wolt couriers are going on strike to protest pay cuts A group of Wolt. “I just saw that we can do so much more together, because ultimately, we’ve always been an underdog company that came from a difficult home market. Has just raised 530 million dollars in a round led by the investment fund ICONIQ. ![]()
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