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Briefing
venture capital

Europe’s Bolt Valued at $4.85 Billion, Eyes Grocery Delivery

By
Mark Di Stefano
· · Source: The Information

Bolt, an Estonian-based company often likened to a ‘European Uber,’ has announced a big new funding round at a valuation of $4.85 billion as the ride-hailing company eyes expanding aggressively into grocery delivery. On Monday, the company said the $713 million in new funding round included investments from Sequoia, Tekne and Ghisallo. Bolt’s core service remains ride-hailing, but the company...

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