We’ll continue our journey forward both as Wolt and as a part of DoorDash. Wolt’s name, colour, brand, product, technology, team, central functions and markets will all continue as is. We got here because of the way we’ve built the company, and if anything, this means that we need to stick to our ways of being customer obsessed, balancing growth and efficiency, being frugal and keeping our two feet on the ground while aspiring to build something that’s truly best in the world. We’re both very low-ego cultures, and ultimately this will be about figuring out what allows us to create the biggest possible impact in the years to come. We are really committing to one thing: optimizing for success. In DoorDash, we will have a partner with a very long-term perspective to build together a significant international business in the years and decades to come. I’m genuinely excited about the road ahead. This is only the beginning for Wolt, and naturally this is the starting point for what we can build together with DoorDash. In case you’re wondering, I’m not going anywhere. Wolt will continue as we are, doing what we do best And while I’ve always been excited about building Wolt into a global leader on our own, together we can accomplish something more.įinally, following weeks of discussions and getting to know each other we concluded that this is the right thing for both of our companies to do. Together we can build one of the most significant global players in our industry. Known for our capital efficiency, we have expanded to 23 countries and provided a truly local yet world-class service for our customers in each of our markets. Meanwhile, coming from the small country of Finland, we’ve had to master the art of expansion. From product to operations, they have gone extremely deep into how to run their business at an incredible scale. Together, Wolt and DoorDash can become a global leaderĭoorDash has built an amazing business in a few carefully selected countries. More importantly, we realized what we could build together. We’ve both been shaped by challenging circumstances and overfunded competitors, having to make do with much less and find advantage in being smart in how we set up our product, technology and operations. As we met and talked with each other and our teams, we came to realize how similar our two companies and cultures are. Tony and I have known each other for years, albeit not that closely, as we mainly operate in different parts of the world. I’ve always been interested in getting to know other players in our industry, to learn from them and to share best practices. When Tony Xu, co-founder & CEO of DoorDash, reached out to me and said that he’d like to talk, I didn’t really think too much of it. A little over a month ago, before we kicked off this process, I did not imagine I’d be writing this blog post. I’d imagine this comes as a surprise to many. This genuinely comes as a surprise, even to me For us, this means that we will continue our journey both as Wolt and as a part of DoorDash, with me looking after our combined international operations. As a part of this approximately €7 billion all-stock transaction, DoorDash will acquire Wolt, meaning that all of our shareholders, whether investors or employees, will continue as shareholders of DoorDash. I feel incredibly humbled and proud to share that we’ve just signed an agreement and decided to combine with DoorDash to build a company that we believe has the opportunity to become the leader in the world in our industry. Just a few moments ago, we announced what could be considered one of the most important events in the history of Wolt.
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