Wolt was acquired by DoorDash for roughly €7 billion

Wolt, a Helsinki, Finland-based food delivery company, announced that it was acquired by DoorDash.

The deal values the company at roughly €7 billion ($8.1bn) and was made in an all-stock transaction.

Wolt, founded in 2015 and led bY CEO Miki Kuusi, is a food delivery operations active in 23 countries and 129 cities. The compay has expanded operations from restaurants and takeaways to the the grocery and retail sectors: for example it’s now possible to purchase everything from cosmetics to pet food and pharmaceuticals on the platform.

The company raised more than $800 million since its founding, with a $530 round closed at the start of 2021. In 2020, it produced sales of €281 million ($325M).