Estonian ride-hailing company Bolt has deepened its services by launching an on-demand food delivery Service ‘Bolt Food’. This development came following its expansion goals to be a global on-demand transportation firm.
Bolt will leverage this move to compete with other online food delivery services. Bolt will use its recently secured $67 million in funding to expand the new service across Europe and Africa. However, the service will first begin in Tallinn, Estonia and afterward spread to other countries.
Bolt Foods will be competing majorly with Delivery Hero, the owners of hipMenu, an online food delivery platform with branches in Romania and other cities. Delivery Hero also controls major shares of iFood’s an on-demand food delivery service in Argentina and Glovo, the leading European on-demand food delivery platform.
Applauding Bolt Food, the Chief Product Officer Bolt, Mr. Jevgeni Kabanov, said the ride-hailing company’s vision is to offer efficient ride services and provide best ride deals for its clients. This mindset according to Jegeni will further reflect on Bolt food; their food delivery arm.
Co-operate food bodies and restaurants interested in putting up their product on Bolt has also been charged to sign up on the company’s website while Bolt users can download the Bolt food Application(App) to order meals in restaurants close to them.
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