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Chronicles

The story behind the story

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Estonian ride hailing startup Bolt, formerly known as Taxify, raises $713M at a ~$4.75B valuation, led by Sequoia, Tekne, and Ghisallo

- Estonian ride-hailing start-up Bolt has raised $713 million in fresh funding to push into the rapidly-growing online grocery delivery industry.

CNBC Ryan Browne

Discussion

  • @villigm Markus Villig on x
    Excited to have @andrew__reed and @sequoia back us. It's still early days on our mission of replacing private cars with affordable & sustainable on-demand transport.⚡️ https://www.cnbc.com/...
  • @ryan_browne_ Ryan Browne on x
    Now updated with comments from Bolt CEO @villigm: https://www.cnbc.com/... Bolt wants to become a “super app,” the company's founder tells me, adding this will take billions of euros of investment over the next few years. https://twitter.com/...
  • @e_estonia e-Estonia on x
    Estonian startup @boltapp said on Monday it had raised 600 million euros ($714 million) from investors and would plough the proceeds into quick #grocerydelivery, upping the ante in a fast-growing but fiercely competitive market. https://www.cnbc.com/...
  • @pvesterbacka Peter Vesterbacka on x
    Great progress at Bolt! The Estonian miracle unicorn factory kicking into high gear :) Expecting many more unicorns not only from Estonia, but from the whole #FinestBayArea #creatinggravity https://www.cnbc.com/...
  • @ryan_browne_ Ryan Browne on x
    New: Uber rival Bolt more than doubled its valuation to $4.75 billion in a new funding round. Bolt wants to be more than just a taxi-hailing app, and is planning to use the fresh cash to make a big push into grocery delivery. https://www.cnbc.com/...