{"id":7919,"date":"2019-09-09T12:11:48","date_gmt":"2019-09-09T12:11:48","guid":{"rendered":"https:\/\/bellone.ee\/?p=7919"},"modified":"2019-10-04T10:35:54","modified_gmt":"2019-10-04T10:35:54","slug":"uber-rival-bolt-launches-food-delivery-service-in-europe","status":"publish","type":"post","link":"https:\/\/bellone.ee\/business\/uber-rival-bolt-launches-food-delivery-service-in-europe\/","title":{"rendered":"Uber rival Bolt launches food delivery service in Europe"},"content":{"rendered":"<h5><span style=\"color: #333333;\">Uber rival Bolt launches food delivery service in Europe<\/span><\/h5>\n<hr>\n<p><span style=\"color: #333333;\"><strong>Competition in Europe\u2019s food delivery market is getting even more heated.<\/strong><\/span><\/p>\n<p><a class=\"\" tabindex=\"\" title=\"\" role=\"\" href=\"https:\/\/www.cnbc.com\/quotes\/?symbol=UBER\" target=\"\" rel=\"noopener noreferrer\" data-type=\"\" aria-label=\"\">Uber<\/a>&nbsp;<span style=\"color: #333333;\">rival Bolt announced Wednesday it will launch a food delivery service in Tallinn, Estonia, where it is headquartered. The Estonian start-up said it would expand the service to Latvia, Lithuania, and South Africa later this year before launching in more markets in Europe and Africa in 2020.<\/span><\/p>\n<p><span style=\"color: #333333;\">Bolt,<\/span>&nbsp;<a class=\"\" tabindex=\"\" title=\"\" role=\"\" href=\"https:\/\/www.cnbc.com\/2018\/11\/09\/uber-rival-taxify-says-it-can-grow-100-times-bigger.html\" target=\"\" rel=\"noopener noreferrer\" data-type=\"\" aria-label=\"\">formerly known as Taxify<\/a>, <span style=\"color: #333333;\">is entering an already-crowded field of competitors in the European food delivery market. Uber Eats and<\/span>&nbsp;<a class=\"\" tabindex=\"\" title=\"\" role=\"\" href=\"https:\/\/www.cnbc.com\/2019\/05\/17\/amazon-leads-575-million-investment-round-for-food-delivery-company-deliveroo.html\" target=\"\" rel=\"noopener noreferrer\" data-type=\"\" aria-label=\"\">Amazon-backed Deliveroo<\/a>&nbsp;<span style=\"color: #333333;\">are aggressively expanding across the region, while Britain\u2019s<\/span>&nbsp;<a class=\"\" tabindex=\"\" title=\"\" role=\"\" href=\"https:\/\/www.cnbc.com\/quotes\/?symbol=JE.-GB\" target=\"\" rel=\"noopener noreferrer\" data-type=\"\" aria-label=\"\">Just Eat<\/a>&nbsp;<span style=\"color: #333333;\">recently agreed to merge with Amsterdam-based&nbsp;<\/span><a class=\"\" tabindex=\"\" title=\"\" role=\"\" href=\"https:\/\/www.cnbc.com\/quotes\/?symbol=TKWY-NL\" target=\"\" rel=\"noopener noreferrer\" data-type=\"\" aria-label=\"\">Takeaway.com<\/a>&nbsp;<span style=\"color: #333333;\">to create<\/span>&nbsp;<a class=\"\" tabindex=\"\" title=\"\" role=\"\" href=\"https:\/\/www.cnbc.com\/2019\/08\/05\/takeaway-and-just-eat-agree-merger-terms.html\" target=\"\" rel=\"noopener noreferrer\" data-type=\"\" aria-label=\"\">the biggest food delivery company outside of China<\/a>.<\/p>\n<p><span style=\"color: #333333;\">Bolt Chief Product Officer Jevgeni Kabanov said in an interview with CNBC<strong>&nbsp;<\/strong>Wednesday the company\u2019s strategy with food delivery will be to build on its existing 25 million users and to offer lower delivery prices than competitors. Kabanov added the company will also pay \u201chigher earnings for carriers.\u201d<\/span><\/p>\n<p><span style=\"color: #333333;\">The company has taken a similar approach<\/span>&nbsp;<a class=\"\" tabindex=\"\" title=\"\" role=\"\" href=\"https:\/\/www.cnbc.com\/2019\/08\/09\/uber-ceo-not-worried-about-new-competition-in-london.html\" target=\"\" rel=\"noopener noreferrer\" data-type=\"\" aria-label=\"\">in the ride-hailing market<\/a>, <span style=\"color: #333333;\">offering steep rider discounts and higher driver commissions. Bolt said the food delivery service would be available through a separate app called Bolt Food.<\/span><\/p>\n<p><span style=\"color: #333333;\">The Estonian unicorn, which wa<\/span>s&nbsp;<a class=\"\" tabindex=\"\" title=\"\" role=\"\" href=\"https:\/\/www.cnbc.com\/2018\/05\/30\/uber-rival-taxify-gets-unicorn-status-with-investment-led-by-daimler.html\" target=\"\" rel=\"noopener noreferrer\" data-type=\"\" aria-label=\"\">valued at $1 billion last year<\/a>, <span style=\"color: #333333;\">currently operates in 30 countries. Its investors include<\/span>&nbsp;<a class=\"\" tabindex=\"\" title=\"\" role=\"\" href=\"https:\/\/www.cnbc.com\/2019\/08\/09\/uber-ceo-not-worried-about-new-competition-in-london.html\" target=\"\" rel=\"noopener noreferrer\" data-type=\"\" aria-label=\"\">Chinese ride-hailing firm Didi Chuxing<\/a>,&nbsp;<span style=\"color: #333333;\">German automaker<\/span>&nbsp;<a class=\"\" tabindex=\"\" title=\"\" role=\"\" href=\"https:\/\/www.cnbc.com\/quotes\/?symbol=DAI-DE\" target=\"\" rel=\"noopener noreferrer\" data-type=\"\" aria-label=\"\">Daimler<\/a>&nbsp;<span style=\"color: #333333;\">and the entrepreneur and investor<\/span> <a href=\"https:\/\/bellone.ee\/thomas-padovani\/\" target=\"_blank\" rel=\"noopener noreferrer\">Thomas Padovani<\/a>.<\/p>\n<p><span style=\"color: #333333;\">Ride-hailing companies have struggled to cook up profits in the food delivery market thanks to high overhead costs. Earlier this month, Uber CEO Dara Khosrowshahi said he doesn\u2019t expect the company\u2019s Eats business to be profitable<\/span>&nbsp;<a class=\"\" tabindex=\"\" title=\"\" role=\"\" href=\"https:\/\/www.cnbc.com\/2019\/08\/09\/uber-ceo-not-worried-about-new-competition-in-london.html\" target=\"\" rel=\"noopener noreferrer\" data-type=\"\" aria-label=\"\">in the next two years<\/a>.<\/p>\n<p><span style=\"color: #333333;\">\u201cWe would not do it if we did not believe that we have the opportunity to build a profitable business,\u201d Bolt\u2019s Kabanov said.<\/span><\/p>\n<p><em><a href=\"https:\/\/www.cnbc.com\/2019\/08\/21\/uber-rival-bolt-launches-food-delivery-service-bolt-food-in-europe.html\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Uber rival Bolt launches food delivery service in Europe Competition in Europe\u2019s food delivery market is getting even more heated. Uber&nbsp;rival Bolt announced Wednesday it will launch a food delivery service in Tallinn, Estonia, where it is headquartered. The Estonian start-up said it would expand the service to Latvia, Lithuania, and South Africa later this [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7920,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_vp_format_video_url":"","_vp_image_focal_point":[],"footnotes":""},"categories":[1],"tags":[9,6,21,22,23,14,28],"class_list":["post-7919","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-bolt","tag-estonia","tag-fooddelivery","tag-investment","tag-technology","tag-thomas-padovani","tag-uber"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Uber rival Bolt launches food delivery service in Europe - Bellone Invest<\/title>\n<meta name=\"description\" content=\"The Estonian unicorn and Uber rival Bolt launches food delivery service in Europe. 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