Skip to main content

DoorDash will acquire European delivery company Wolt as it builds a global platform

DoorDash will acquire European delivery company Wolt as it builds a global platform

/

The deal is set to close in 2022

Share this story

If you buy something from a Verge link, Vox Media may earn a commission. See our ethics statement.

Illustration by Alex Castro / The Verge

DoorDash has agreed to acquire the food delivery company Wolt for €7 billion (about $8.1 billion) with plans to expand its reach to Europe (via TechCrunch). Founded in 2015, Wolt is a Finland-based company that contracts out couriers to deliver takeout, groceries, and other goods to customers in 23 countries mainly throughout Europe.

Both DoorDash and Wolt announced the all-stock transaction in separate blog posts, confirming a move that will bring DoorDash to Europe for the first time. Currently, DoorDash is only available in cities across the US, Canada, Japan, and Australia.

“By joining forces, we believe we will accelerate our product development, bring greater focus to each of our markets, and improve the value we provide to consumers, merchants, as well as Dashers and couriers around the world,” says Tony Xu, the co-founder and CEO of DoorDash.

All of Wolt’s 4,000 employees will remain active under DoorDash, including Wolt co-founder and CEO Miki Kuusi, who will serve as the head of DoorDash International. The deal is set to officially close in the second half of 2022.

DoorDash has eaten up smaller companies in the past

Along with announcing its acquisition of Wolt, DoorDash also released its third-quarter earnings for 2021. DoorDash’s revenue grew 45 percent year over year to $1.3 billion, quite a leap from $879 million in 2020. Its total number of orders also grew 44 percent year over year from 236 million to 347 million.

DoorDash has eaten up smaller companies in the past, acquiring food delivery service Caviar in 2019 and buying out robot salad-making company Chowbotics earlier this year. DoorDash also acquired Scotty Labs in 2019 — a startup that builds remote-controlled vehicles — to work toward its dream of autonomous deliveries. In 2017, DoorDash tried out humanless deliveries with semi-autonomous six-wheeled robots and partnered with GM in 2019 to deliver food with an autonomous vehicle.

It looks like DoorDash is still focusing on its human couriers — for now at least. Earlier this month, DoorDash rolled out a set of features, called SafeDash, a safety button that puts couriers in contact with ADT (or lets them call 911 through ADT) during an emergency. However, some argue that having an app that calls 911 for you probably isn’t more helpful than simply calling 911 yourself and suggest systemic changes to keep couriers safe like allowing them to decline dangerous routes without the threat of a penalty.

Today’s Storystream

Feed refreshed Sep 25 Not just you

E
Twitter
Emma RothSep 25
Rihanna’s headlining the Super Bowl Halftime Show.

Apple Music’s set to sponsor the Halftime Show next February, and it’s starting out strong with a performance from Rihanna. I honestly can’t remember which company sponsored the Halftime Show before Pepsi, so it’ll be nice to see how Apple handles the show for Super Bowl LVII.


E
Twitter
Emma RothSep 25
Starlink is growing.

The Elon Musk-owned satellite internet service, which covers all seven continents including Antarctica, has now made over 1 million user terminals. Musk has big plans for the service, which he hopes to expand to cruise ships, planes, and even school buses.

Musk recently said he’ll sidestep sanctions to activate the service in Iran, where the government put restrictions on communications due to mass protests. He followed through on his promise to bring Starlink to Ukraine at the start of Russia’s invasion, so we’ll have to wait and see if he manages to bring the service to Iran as well.


E
External Link
Emma RothSep 25
We might not get another Apple event this year.

While Apple was initially expected to hold an event to launch its rumored M2-equipped Macs and iPads in October, Bloomberg’s Mark Gurman predicts Apple will announce its new devices in a series of press releases, website updates, and media briefings instead.

I know that it probably takes a lot of work to put these polished events together, but if Apple does pass on it this year, I will kind of miss vibing to the livestream’s music and seeing all the new products get presented.


E
External Link
Emma RothSep 24
California Governor Gavin Newsom vetoes the state’s “BitLicense” law.

The bill, called the Digital Financial Assets Law, would establish a regulatory framework for companies that transact with cryptocurrency in the state, similar to New York’s BitLicense system. In a statement, Newsom says it’s “premature to lock a licensing structure” and that implementing such a program is a “costly undertaking:”

A more flexible approach is needed to ensure regulatory oversight can keep up with rapidly evolving technology and use cases, and is tailored with the proper tools to address trends and mitigate consumer harm.


Welcome to the new Verge

Revolutionizing the media with blog posts

Nilay PatelSep 13
A
The Verge
Andrew WebsterSep 24
Get ready for some Netflix news.

At 1PM ET today Netflix is streaming its second annual Tudum event, where you can expect to hear news about and see trailers from its biggest franchises, including The Witcher and Bridgerton. I’ll be covering the event live alongside my colleague Charles Pulliam-Moore, and you can also watch along at the link below. There will be lots of expected names during the stream, but I have my fingers crossed for a new season of Hemlock Grove.


A
Andrew WebsterSep 24
Looking for something to do this weekend?

Why not hang out on the couch playing video games and watching TV. It’s a good time for it, with intriguing recent releases like Return to Monkey Island, Session: Skate Sim, and the Star Wars spinoff Andor. Or you could check out some of the new anime on Netflix, including Thermae Romae Novae (pictured below), which is my personal favorite time-traveling story about bathing.


A screenshot from the Netflix anime Thermae Romae Novae.
Thermae Romae Novae.
Image: Netflix
J
Twitter
Jay PetersSep 23
Twitch’s creators SVP is leaving the company.

Constance Knight, Twitch’s senior vice president of global creators, is leaving for a new opportunity, according to Bloomberg’s Cecilia D’Anastasio. Knight shared her departure with staff on the same day Twitch announced impending cuts to how much its biggest streamers will earn from subscriptions.


T
Twitter
Tom WarrenSep 23
Has the Windows 11 2022 Update made your gaming PC stutter?

Nvidia GPU owners have been complaining of stuttering and poor frame rates with the latest Windows 11 update, but thankfully there’s a fix. Nvidia has identified an issue with its GeForce Experience overlay and the Windows 11 2022 Update (22H2). A fix is available in beta from Nvidia’s website.