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    Uzbekistan

    Finnish delivery service Wolt set to expand operations to Uzbekistan

    Finnish delivery service Wolt set to expand operations to Uzbekistan

    Wolt, a renowned delivery service offering food and various goods, is gearing up to commence operations in Uzbekistan. The company has established Wolt Texnologiyalari LLC in the country, owned by the Finnish entity Wolt Enterprises Oy, Timurmalik Elmurodov, a business communications specialist informs Daryo.

    Wolt's couriers on bikes.
    Source: Bloomberg

    Company Formation

    Wolt Texnologiyalari was officially registered in mid-February of the current year, as per records from the Unified State Register of Legal Entities (USRPO). The company boasts an authorized capital of UZS 6.1bn ($482,409) and is led by Elina Marina Hakkarainen. Alongside this, the launch of the website domain www.wolt.uz has been initiated, providing initial insights into the upcoming service.

    Wolt stands as one of the world's largest delivery services, operating across 25 countries, 300 cities, with partnerships encompassing 70,000 merchants, supported by a network of 150,000 couriers, and serving over 20mn users. Originating from Finland, Wolt garnered further attention when it was acquired by the American industry leader DoorDash in 2022. DoorDash, renowned as the largest food delivery service in the USA, with a dominant 56% market share and a fleet of 1 million couriers, absorbed Wolt as part of its strategic expansion.

    Market Penetration

    While Wolt has established its footprint primarily in Western and Eastern Europe, it made its foray into the Central Asian market in 2019 by entering Kazakhstan. Now, with its sights set on Uzbekistan, Wolt is poised to introduce its acclaimed delivery services to the Uzbek populace.

     

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    02.04.2024, 23:25   Comments (0)   3616
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