DoorDash Takes Aim At Europe With Purchase Of Wolt – UrduPoint News

Must Try


San Francisco, (UrduPoint / Pakistan Point News – 10th Nov, 2021 ) :DoorDash has added Europe to its menu with the purchase of Finland-based food delivery firm Wolt in an all-stock deal valued at $8.1 billion, the company announced Tuesday.
The news came the same day DoorDash reported that its revenue grew 45 percent to $1.3 billion in the recently ended quarter but that its loss more than doubled to $101 million when compared with the same period last year.
“DoorDash and Wolt share a vision to build a global platform for local commerce that empowers the communities we operate in,” DoorDash co-founder and chief Tony Xu said in a release.
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.” San Francisco-based DoorDash’s shares surged more than 19 percent, topping $229, in after-market trades following the announcement.
Wolt has a team of more than 4,000 employees in an operation that spans 23 countries, according to the companies.

Founded in 2014, Helsinki-based Wolt allows users to have meals, groceries and more delivered to their homes or offices.
“DoorDash has built an incredible business in one of the most significant markets in the world, while we came from a small home country and had to master the art of expansion very early on,” said Wolt co-founder and chief Miki Kuusi.
After the close of the acquisition, Kuusi will run a DoorDash International unit, reporting to Xu.
DoorDash executives expect to invest aggressively in its global business.
The number of DoorDash orders in the recently ended quarter grew 47 percent year over year to 347 million, with the pace internationally being “substantially faster,” according to the earnings report.
DoorDash launched at the start of 2013, with its website displaying menus from restaurants in the Silicon Valley city of Palo Alto.
The company now boasts legions of delivery people in more than 7,000 cities in Australia, Canada, Japan and the United States.
DoorDash has been expanding beyond restaurant meals to deliveries from other kinds of stores.
Prize Bonds
PSX 100 Index
Currency Rates
Gold Prices
Petrol Prices
Crypto
KP dengue tally rises to 8630; death toll reaches 9
European Parliament Votes to Deprive Ex-Riga Mayor Ushakov of Parliamentary Immu ..
Mali Requests Russia’s Assistance as State Existence in Danger – Foreign Ministe ..
US-China pact welcomed at climate talks
S.Africa’s last white president FW de Klerk dies: foundation
COVID-19 claims nine people in Pakistan in last 24 hours
European Commission Upgrades 2021, 2022 Forecasts for Global GDP Growth to 5.7%, 4.5%
Brunei expects more trade, economic cooperation with China: senior official
European Commission Upgrades Forecast for 2021 Euro Area GDP Growth to 5%
Kenya’s economic growth accelerates in Q2
Mercantile exports increase 24.7%, services exports 23.2%
European Commission Upgrades Forecasts for Russia’s GDP Growth in 2021, 2022
U Microfinance Bank Signs Memorandum of Understanding with Pakistan Mortgage Refinance Company Limit ..
Gold rises on higher U.S. inflation rate
Oil prices dip amid rise in U.S. inventories, stronger U.S. dollar
U.S. stocks drop amid inflation concerns
Spot rates of cotton (Crop 2021-22)
Moscow’s Trade With BRICS States Grew Nearly 30% in 2021 – Deputy Mayor
Education – Urdu News – Car Prices – Breaking News – English News – Live Tv Channels – Urdu Horoscope – Horoscope in Urdu – Muslim Names in Urdu – Urdu Poetry – Love Poetry – Sad Poetry – Prize Bond – Mobile Prices in Pakistan – PTV Sports – English to Urdu – Big Ticket – Translate English to Urdu – Ramadan Calendar – Prayer Times – DDF Raffle – Islamic Calendar – Events – Today Islamic Date – Travel – UAE Raffles – Travel Guide – Arabic – Urdu Cooking Recipes – Directory – Pakistan Results – Past Papers – BISE – Schools in Pakistan – Academies & Tuition Centers
UrduPoint Network is the largest independent digital media house from Pakistan, catering the needs of its users since year 1997. We provide breaking news, Pakistani news, International news, Business news, Sports news, Urdu news and Live Urdu News
© 1997-2021, UrduPoint Network
All rights of the publication are reserved by UrduPoint.com. Reproduction without proper consent is not allowed.

source

- Advertisement -spot_img
- Advertisement -spot_img

Latest Recipes

- Advertisement -spot_img

More Recipes Like This

- Advertisement -spot_img