Wolt Overview
Pro stress-test →Wolt operates a platform facilitating delivery of food and other items, having evolved into a local commerce ecosystem. The company was acquired by DoorDash (with the acquisition completed in May 2022), and now operates as its primary growth engine in Europe and Central Eastern Europe.
Strategic Profile
Pro stress-test →With >30% GOV growth in 2024, Wolt is positioned to expand revenue contribution and pursue a 4-5% Adjusted EBITDA margin by consolidating markets and improving unit economics. Wolt is a Helsinki-based technology company with a mission to bring joy, simplicity and earnings to the neighborhoods of the world, developing a local commerce platform that connects people looking to order food, groceries, and other goods with people interested in selling and delivering them.
Competitive Landscape
Pro stress-test →Wolt's top competitors include DoorDash, Glovo and Deliveroo. Primary competitors also include GrubHub and others. Operating within a highly consolidated European market, Wolt leverages DoorDash's balance sheet and technology integration to compete on scale while facing pricing pressure from well-capitalized rivals.
Industry Context
Wolt operates in On-Demand Food and Grocery Delivery.
Key facts
Founded: 2014 · Headquarters: Helsinki, Finland · Employees: 12,028 (May 2026) · Revenue: €139.9M (2024)