What is the key to Wolt's success as a food delivery company?
— Wolt's success lies in building a strong team, maintaining a culture of shared concerns, focusing on unit economics, continuously learning and improving, and providing a superior mobile delivery experience.
How did Wolt start in the food delivery industry?
— Wolt initially focused on the restaurant industry but quickly realized that delivery was the key to taking restaurants online, leading to the convergence of restaurant and delivery companies.
What challenges did Wolt face in the beginning?
— Wolt faced challenges such as high labor costs, low income disparity, small cities, low population density, and limited delivery and takeaway industries in their difficult market.
How did Wolt overcome the challenges of low order density and high labor costs?
— Wolt focused on productizing last mile delivery and building a logistics optimization company, with a small consumer-facing app, to overcome the challenges of low order density and high labor costs in small countries and cities.
How does Wolt choose its investors?
— Wolt chooses investors aligned with the company's goals and culture, such as EQT Ventures and 83 North, who provide valuable insights on team building, industry competition, and financing.
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