<story><title>Food delivery startup Wolt raises $530M</title><url>https://sifted.eu/articles/wolt-530m-raise/</url></story><parent_chain><item><author>baxtr</author><text>I am amazed that against all common advice people still venture out into heavily competitive segments with strong incumbents. I am impressed and at the same time wonder how exactly they managed to convince investors. Would love to see their pitch deck.</text></item></parent_chain><comment><author>Jnr</author><text>Not sure how popular it is elsewhere, but here where I live, Wolt is the most popular food delivery service by a large margin. And their service is great. For us it is like Spotify or Netflix, but for food.&lt;p&gt;The rest of the EU and world probably deserve and would appreciate a service like that.</text></comment>
<story><title>Food delivery startup Wolt raises $530M</title><url>https://sifted.eu/articles/wolt-530m-raise/</url></story><parent_chain><item><author>baxtr</author><text>I am amazed that against all common advice people still venture out into heavily competitive segments with strong incumbents. I am impressed and at the same time wonder how exactly they managed to convince investors. Would love to see their pitch deck.</text></item></parent_chain><comment><author>user-the-name</author><text>I can offer this piece of insider information: Starting your business in the very high-cost-of-living Finland really helps.&lt;p&gt;(High cost of living means having to pay high fees to couriers and so on, which means it is impossible to do even do if you do not work out the economics properly right from the start, which then gives a huge advantage moving forward.)</text></comment>