DoorDash Finalizes Acquisition of Wolt

DoorDash is now in 27 countries as it completes the largest merger in the food delivery industry.

June 02, 2022

DoorDash and Wolt Apps Merge

SAN FRANCISCO and HELSINKI— DoorDash announced that it has completed the acquisition of Wolt Enterprises Oy, a Finnish food delivery company, bringing DoorDash to a total of 27 countries, according to a news release. This is the largest merger in the food delivery industry, said the companies. Last year, Grubhub merged with Europe’s Just Eat Takeaway.com, and Uber purchased Postmates.

Miki Kuusi, Wolt CEO, will oversee operations outside the United States, reporting to DoorDash co-founder and CEO Tony Xu. Under Kuusi's leadership, DoorDash “aims to accelerate its international growth through faster product development and improved investment efficiency.”

The Wolt consumer app will continue to run separately, supported by the resources of a global technology company. Wolt plans to maintain operations in all the markets where it currently operates. Wolt has 4,000 employees and operates in 23 countries.

"Today marks the beginning of a new chapter for Wolt," said Kuusi. "By joining forces with DoorDash, we have an even greater ability to build delightful products and services across continents. Our two companies share a strong vision for local commerce, and working side by side, we can accomplish more for all our stakeholders."

"DoorDash is at the beginning of a colossal journey, and I'm more excited than ever about what we're building and the potential to help hundreds of millions of people across the globe in our mission to empower local economies," said Xu. "Together with Wolt, we believe we have the best team and platform to serve merchants, consumers and couriers in our existing and future markets. Our journey in building our international business is just beginning and we're confident in the incredible future we will build together."

DoorDash recently revealed what food its customers ordered the most on its app in its second annual Restaurant Online Ordering Trends Report.

According to the NACS “Last Mile Fulfillment in Convenience Retail” report, 61% of retailers are satisfied with their third-party delivery partners. Concerns include high fees, little access to consumer data, difficulties delivering age-restricted products and service and operational issues. Read more about these challenges and what c-stores are doing to make delivery work for their businesses in “Delivering Convenience” in the December 2021 issue of NACS Magazine.

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