W

Wolt

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Wolt Company Market Research Report



Company Overview



  • Name: Wolt

  • Mission: Wolt aims to make cities better places for customers, merchants, and courier partners. They focus on supporting local businesses and creating earning opportunities through their platform.

  • Foundation: Wolt was founded in 2014. The data does not specify who the founders are.

  • Key People: No information is available on the key people in the company.

  • Headquarters: No information is available on where the company is headquartered.

  • Number of Employees: No information is available on the number of employees.

  • Revenue: No information is available on the company's revenue.

  • Known For: Wolt is known for being a global platform that started as a small restaurant delivery service and expanded into serving a variety of local commerce needs.


Products



1. Wolt Drive
  • Description: A delivery service platform focusing on local commerce.

  • Key Features: No detailed features are specified.


2. Wolt Market
  • Description: An online market platform solution.

  • Key Features: No detailed features are specified.


3. Wolt+
  • Description: Subscription service offering benefits to users.

  • Key Features: No detailed features are specified.


4. Wolt for Work
  • Description: Tailored service for businesses to manage employee meal programs or perks.

  • Key Features: No detailed features are specified.


5. Wolt Ads
  • Description: Advertising service for merchants.

  • Key Features: No detailed features are specified.


6. Wolt Capital
  • Description: Financing service providing fast access to capital for merchants.

  • Key Features: No detailed features are specified.


Recent Developments



  • Acquisitions:

  • Wolt acquired the Romanian local commerce platform Tazz on 14 October 2024. This acquisition aims to expand their presence in Central and Eastern Europe.


  • 10th Anniversary:

  • Wolt celebrated its 10-year anniversary on 10 October 2024, highlighting their support of €19 billion in economic activity over the past decade.


  • Environmental Initiatives:

  • Introduction of the "Better Cities Fund" aiming to accelerate the transition to electric vehicles and improve urban living conditions.


  • Algorithmic Transparency Report:

  • Released their 3rd Annual Algorithmic Transparency Report on 21 May 2024, explaining the algorithms that drive their platform operations.


  • Launch of Wolt Capital:

  • Introduced on 14 June 2024, this service provides fast and affordable financing options for merchants.


  • New Climate Technologies:

  • Adoption of swappable batteries to address range anxiety among courier partners using electric vehicles as of 25 September 2024.


  • Operational Expansion:

  • Wolt's delivery services have expanded significantly in more than 500 cities worldwide, contributing to local economies and small businesses.


The report captures key insights into Wolt's core operations, product offerings, and future expansion plans. Further detailed analysis would require additional data.