Estonian ride-hailing and food delivery startup Bolt expects to turn profitable in the next 12 months and be ready for an initial public offering in 2025, its Chief Executive Officer Markus Villig said in an interview.
, was valued at over $8 billion when it raised 628 million euros from investors in January last year.
"We are planning to be ready to go public in 2025," he said, adding that a final decision will depend on market conditions at that time. "Out of all the African countries, we've so far only launched in seven... over the next 10 years Africa remains a massive opportunity for us," Villig said.in Africa where many people are more likely to have a mobile phone than a bank account.The company has not publicly disclosed its revenue but Villig said the company is doing single-digit billions of dollars of transactions on the platform every year.
The food delivery sector was among those boosted by the COVID-19 pandemic, but the effect has waned as consumers, faced with surging prices, have cut discretionary spending.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
College Football Playoff schedule unveiled for 12-team field in 2024, 2025Some key details about the 12-team College Football Playoff were unveiled on Tuesday.
Les mer »
First Look: The 2025 Ram 1500 REV Is A Classy, Conservative, 500 Mile Electric Juggernaut | CarscoopsWith 500 miles of range and a luxurious Tungsten trim, Ram is declaring war on the Ford F-150 Lightning car auto cars ⬇️
Les mer »
2025 Volkswagen ID.7 wagon spy shotsVolkswagen's Tesla Model S rival will soon spawn a wagon option.
Les mer »
2024 Ford Ranger, 2025 VW ID.7: Today's Car NewsA redesigned Ford Ranger, VW's electric wagon, and a 200-mph Tesla all made headlines today.
Les mer »
2025 Chevrolet Camaro Z/28 Will Be the Last of a Legendary LineThis final internal-combustion Camaro will amply honor its track-focused predecessors when it appears in the fall of 2024—if Chevy doesn't pull the plug first, of course.
Les mer »
Weather Explained: Bolt from the blueLightning is responsible for dozens of fatalities each year in the United States. There's five different ways lightning can strike a person, but many lightning deaths are caused by the very first strikes from a storm.
Les mer »