DoorDash Completes Acquisition of Wolt

DoorDash, Inc. (NYSE: DASH) today announced that it has completed the acquisition of Wolt Enterprises Oy (“Wolt”) in an all-stock transaction, bringing DoorDash to a total of 26 countries outside of the United States.

Going forward, Wolt CEO Miki Kuusi will oversee the combined company’s team and operations outside the United States, reporting to DoorDash CEO Tony Xu.

Under Miki’s leadership, DoorDash aims to accelerate its international growth through faster product development and improved investment efficiency.

The Wolt consumer app will continue to run separately, supported by the resources of a global technology company. Wolt plans to maintain operations in all of the markets where it currently operates.

“DoorDash is at the beginning of a colossal journey, and I’m more excited than ever about what we’re building and the potential to help hundreds of millions of people across the globe in our mission to empower local economies,” said Tony Xu, DoorDash Co-Founder and CEO.

“Today marks the beginning of a new chapter for Wolt,” said Miki Kuusi, Wolt CEO and DoorDash Head of International, “By joining forces with DoorDash, we have an even greater ability to build delightful products and services across continents. Our two companies share a strong vision for local commerce, and working side by side, we can accomplish more for all our stakeholders.”

About DoorDash

DoorDash (NYSE: DASH) is a technology company that connects consumers with their favorite businesses. Founded in 2013, DoorDash enables local businesses to address consumers’ expectations of ease and immediacy and thrive in today’s convenience economy. By building the logistics infrastructure for local commerce, DoorDash is bringing communities closer, one doorstep at a time.

About Wolt

Wolt is a Helsinki-based technology company that makes it incredibly easy to discover and get the best restaurants, grocery stores and other local shops delivered to you. To enable this, Wolt develops a wide range of technologies from local logistics to retail software and financial solutions, as well as operates its own grocery stores under the brand Wolt Market.

Wolt was founded in 2014 and joined forces with DoorDash in 2022. DoorDash operates in 27 countries today, 23 of which are with the Wolt product and brand.