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Bolt raises €600 million to quicken grocery delivery

Bolt has raised 600 million euros from investors to aid quick grocery delivery. The round was led by Sequoia Capital alongside other new investors Tekne and Ghisallo, G Squared, D1 Capital, and Naya.

Founded by Markus Villig, Bolt is an Estonian mobility company that offers vehicle for hire, micro mobility, car-sharing, and food delivery services headquartered in Tallinn and operating in over 300 cities in 45 countries in Europe, Africa, Western Asia, and Latin America.

Their delivery services include Bolt Food, a platform that enables customers to order meals from restaurants. Recently Bolt added grocery delivery business with Bolt Market which will be launched in 10 European countries over the next few months, including the Baltics and Central Europe, Sweden, Portugal, Croatia, and Romania.

The fund will be used to accelerate the expansion of all of these services in Europe as well as a number of African markets where Bolt has a presence.

In March this year, we told you about how the company had officially launched its food delivery service, Bolt Food, in Nairobi, Kenya, to give users access to a huge variety of restaurants. This was as the country goes into a mini-lockdown amidst the third wave of the COVID-19 pandemic.

Earlier in February, the ride-hailing company raised €150 million in funding. This aimed at improving the safety, security, and quality of its services. The company continues to expand its ride-hailing, micro-mobility, and food delivery services in Europe and Africa.

Bolt raises €600 million to quicken grocery delivery
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