DoorDash, Inc. announced that it has completed the acquisition of Wolt Enterprises Oy (“Wolt”) in an all-stock transaction, bringing DoorDash to a total of 27 countries including the United States.
Going forward, Wolt CEO Miki Kuusi will oversee the combined company’s team and operations outside the United States, reporting to DoorDash CEO Tony Xu. Under Miki’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 of the markets where it currently operates.
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“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 Tony Xu, DoorDash Co-Founder and CEO. “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.”
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“Today marks the beginning of a new chapter for Wolt,” said Miki Kuusi, Wolt CEO and DoorDash Head of International, “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.”
