Wolt's app allows users to browse through a range of restaurants and giving them the ability to select either takeaway, home delivery, or table services, enabling customers to order food easily and conveniently. Wolt also offers delivery of grocery and general retail items in many markets, a fast growing segment for the company.
Wolt launched in the summer of 2015 in Helsinki, Finland together with ten restaurants – within the last five years the company has expanded across the Nordics, Baltics, Eastern and Central Europe, Israel, Japan, Germany and the Caucasus, serving over +7 million registered users together with its c. 60k courier and c. 30k restaurants partners.
Market Trends and Drivers
The global food and grocery delivery market is expected to reach over USD 360bn (UBS report); making it a massive consumer internet opportunity.
Wolt is set to continue strengthening its leadership position in its core markets while expanding in key new markets like Japan and Germany, and expanding its product offering of Grocery and Retail goods. Wolt is leveraging its large customer base, superior technology platform and best-in-class operational network.