Close Menu
Innovation Village | Technology, Product Reviews, Business
    Facebook X (Twitter) Instagram
    Thursday, June 12
    • About us
      • Authors
    • Contact us
    • Privacy policy
    • Terms of use
    • Advertise
    • Newsletter
    • Post a Job
    • Partners
    Facebook X (Twitter) LinkedIn YouTube WhatsApp
    Innovation Village | Technology, Product Reviews, Business
    • Home
    • Innovation
      • Products
      • Technology
      • Internet of Things
    • Business
      • Agritech
      • Fintech
      • Healthtech
      • Investments
        • Cryptocurrency
      • People
      • Startups
      • Women In Tech
    • Media
      • Entertainment
      • Gaming
    • Reviews
      • Gadgets
      • Apps
      • How To
    • Giveaways
    • Jobs
    Innovation Village | Technology, Product Reviews, Business
    You are at:Home»Delivery Services»Bolt raises $24million from IFC for expansion in emerging markets
    BOLT LAUNCHES CUT-PRICE SERVICE 'BOLT GO' IN SOUTH AFRICA

    Bolt raises $24million from IFC for expansion in emerging markets

    0
    By Staff Writer on March 5, 2021 Delivery Services, Funding, Online Food Delivery

    Uber’s rival Bolt announced that it has raised $24 million from World Bank’s International Finance Corporation (IFC) for expansion in emerging markets. The Estonian based on-demand startup wants to open more services across Eastern Europe and Africa, with a specific focus in  Ukraine and Nigeria

    “Our investment in Bolt aims to help tap in to technology to disrupt the transport sector in a way that is good for the environment, creates more flexible work opportunities for women, and provides safer and more affordable transportation access in emerging markets,” IFC’s chief operating officer, Stephanie von Friedeburg, said in a statement

    Late last year Bolt raised €150 million ($182 million at current rates) in an equity round to expand its operations in Europe and Africa.

    Bolt (formerly known as Taxify) was founded by Markus Villig in 2013. It currently operates in 200 cities in 40 countries with its delivery and transportation services and claims it has 50 million customers using its services.

    According to Villig, “We are looking forward to partnering with IFC to further support entrepreneurship, empower women and increase access to affordable mobility services in Africa and Eastern Europe.”

    “Together with the investment from the European Investment Bank last year, we are proud to have sizable and strategically important institutions backing us and recognizing the strategic value Bolt is providing to emerging economies,” he adds.

    Related

    Bolt Bolt Food Funding
    Share. Facebook Twitter Pinterest LinkedIn Email
    Staff Writer
    • Website

    I am a staff at Innovation Village.

    Related Posts

    Salus Cloud Raises $3.7m to Bridge DevOps Infrastructure Gap in Emerging Markets

    MyNextCar Secures $10m to Accelerate Affordable Mobility and Employment in South Africa

    Nile Secures $11.3m to Digitally Connect Africa’s Farmers with Buyers, Inputs, and Finance

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    Copyright ©, 2013-2024 Innovation-Village.com. All Rights Reserved

    Type above and press Enter to search. Press Esc to cancel.