Uber and Lyft Rival Bolt Expects to Turn Profitable Next Year Ahead of IPO in 2025
Bolt has intimated plans to become profitable in 2024 and leverage its African presence, while mulling a potential public listing in 2025.
Bolt has intimated plans to become profitable in 2024 and leverage its African presence, while mulling a potential public listing in 2025.
Bolt said that they will continue with their commercial partnership with Wyre while putting greater focus on their key areas of competence.
Bolt has completed two successful funding rounds in the past 6 months and the firm is notably replete with funds to carry out its day-to-day operations.
The Bolt food and grocery delivery service is billed to bring comfort to homes as it promises a swift 15 minutes timeframe between placement for orders and actually door delivery.
In order to remain competitive in the market, Bolt has also identified the food industry as a lucrative segment.
It’s a major victory for Uber since it gets an entry into one of its biggest markets in Europe. Uber has offered assurance that it has brought major structural changes in terms of passenger safety.
In recent news, Vinted, a startup from Lithuania that allows people to sell and buy second-hand clothes, has raised $141 million.
Swedish E-scoter firm Voi has reportedly raised about $85 million in its second funding round in 8 months. The funds will be used to ramp up work on its kick scooters as well as software development.
We have picked some projects that conducted a successful ICO and still manage to work and develop their products, and we’ll try to find out what keeps them alive, besides money. These three projects are BOLT, NOAH, and Platio.
Recently Bolt, which was previously known as Taxify, based in Estonia, announced that they are launching a food delivery service, starting with Estonia.