Wolt Overview
Wolt is a Finnish technology company that provides a food delivery platform. Wolt's app allows customers to order food from local restaurants and have it delivered to their doorsteps. Wolt Israel has been conducting sales and operations since 2018. In 2023, Wolt Development was launched.
Latest News
growth-positive
Wolt hires Tomer Cohen to be General Manager as company continues to expand
Tomer Cohen, former CEO of Buyme, has been appointed as the new General Manager of Wolt Israel. He succeeds Lior Eshkol, who will now join Wolts global management team. Cohens appointment comes as Wolt continues to expand its network to include small and medium-sized businesses, as well as major retail and food chains. Wolt, which was founded in Helsinki, Finland, in 2014, has expanded to 27 countries since its entry into Israel in November 2018. In 2022, Wolt became part of DoorDash, the US market leader, and now operates as DoorDash International.
Management ChangesExpand
growth-positive
Getting over the counter drugs in Israel? Wolt expands services
Wolt has partnered with Be Pharma to offer non-prescription drugs with immediate delivery in under an hour. The service is currently limited to two pharmacy branches in central Israel, but Wolt plans to expand it to its entire service range. The partnership aims to meet the strong demand for over-the-counter drugs delivered to customers front doors. Wolt sees the potential value proposition in offering this service, following the success of similar companies like DoorDash in the US. The Health Ministry has allowed patients to order drugs from anywhere they choose, contributing to the consumer revolution of immediate delivery.
Partners
growth-positive
Wolt opens own Tel Aviv grocery store
Fast delivery company Wolt is opening a grocery store to expand its market share in retail deliveries. The store, called Wolt Market, offers thousands of products and operates as a dark store for deliveries and collections. Delivery is currently available in central Tel Aviv, with plans to open additional centers in Israel. Wolt has similar centers in 17 of the 23 countries it operates in. The company aims to compete with retail chains by offering fast delivery of groceries within an hour. The article mentions the layoffs of Israeli groceries delivery company Avo, which faced declining demand due to the COVID-19 pandemic.
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