Tag: Wolt
The Finnish Hesburger chain signed an exclusive agreement with Foodora, ends cooperation with Wolt
According to the company, the purpose of the change is to improve the preparation of home delivery orders.
Local Round-Up: A few surprises among the richest and poorest districts in Copenhagen
Hellerup is the richest district in Greater Copenhagen, and Northwest the poorest, according to a survey carried out by the local media KøbenhavnLIV that mainly focused on the capital, but also included a few nearby municipalities. Based on data from Statistics Denmark, they did their best to determine the average income for the capital’s residents […]
Finnish student-led VC Wave Ventures launches its second 2 million euro fund – backed by Finnish unicorn founders
The Wave Ventures team consists of a unique combination of the most skilled students in the Nordic countries, who act as a resource for founders of generation Z. After operating for six years in the heart of Nordic university ecosystems, the team has identified a significant problem. Inspired by the recent success stories of young […]
Vanessa ordered takeout – was sexually assaulted
One Friday evening, Vanessa orders food from Foodora home to her student apartment. She receives a call from the food delivery man and meets him at the gate to collect the food. – He starts asking me a lot of questions about how old I was. And if I lived alone. (…) He became kind […]
Companies owned by private equity and venture capital grow twenty times faster than others
According to the impact study, the annual turnover growth of venture capital investors’ target companies within three years of the first investment is eight times faster than in the comparison group, which was collected from companies of the same size operating in the same industries. In companies with a venture capitalist behind them, the growth […]
The joys of moving home to Denmark
There are many joys associated with moving home here in Denmark. Arriving at a crime sceneThe biggest one welcomes you the moment you randomly step into your new home. Because press the light switch and you remain in total darkness. You look up in amazement to see that the luminaire is gone. Not the bulb. […]
Dark shops are gaining ground in Denmark
A scanner in the darkHowever, not everyone is thrilled with the prospect of the concept coming to their necks. Often the shop windows are painted or tapped, which prevents someone from looking inside, which according to critics leads to urban areas being deprived of life. In addition, the areas are filled with vehicles needed to […]
Start-up entrepreneurship became a goal in post-Nokia Finland: In the dissertation
In recent years, startups have become familiar to Finns thanks to the Slush startup event and successful Finnish companies such as Rovio, Supercell and Wolt. Startup entrepreneurship seems to many to be a passionate, creative technology entrepreneur who is renewing the Finnish economy and entrepreneurship. However, Henri Koskinen’s dissertation in the field of sociology shows […]
Finland wants to expel Wolt’s courier "earn too much"
The Finnish Immigration Service refused to apply for a residence permit from private contractor Muhammad Musah this spring because his income as a food courier was not "credible." According to the agency, Musah’s Wolt earnings were suspiciously high, with his average monthly turnover as a self-employed food courier last year averaging € 5,632. Musah, a […]
The financing of Finnish startups again broke records
The amount of foreign capital investments in Finnish companies doubled only in a year. A total of 182 Finnish startups received private equity investments. Other foreign investors, such as foreign companies and individuals, invested a total of EUR 302 million in Finnish startups. Other Finnish investor groups each invested about 50 million: Finnish angel investors […]
A historic purchase of Wolt worth half after a stock price crash
The sale of the Finnish distribution company Wolt to the US technology company Doordash last November was announced at the time as the second largest acquisition in Finnish business history. The value of the entire share transaction was approximately EUR 7 billion, and according to Wolt, the acquisition would generate approximately EUR 600 million in […]
The member companies of the Finnish Startup Community are growing exponentially
In connection with the establishment of the Finnish Startup Association, a target of EUR 10 billion was set for the combined turnover of the member companies. 35% of the 2030 target has already been reached. The growth of the Finnish Startup Community (FSC) has been strong. The number of member companies has increased to 116 […]
Record year for start-up investments: € 52.3 million invested in 626 companies – most in new properties
“Early-stage investors have an invaluable role in growing the next generation of Wolts and Aivens with their expertise, experience and networks. Our statistics reveal that a typical startup investor has an academic background, entrepreneurial experience and a portfolio of 6-8 start-ups, the most active of which are more than 30 companies,” says. Annukka MickelssonChairman of […]
Most of Finland’s highly educated people abroad have experienced discrimination in their job search and work
says Mika Sallinen, Country Director of Universum Finland, an organization focusing on employer image research and development. A joint study by Universum and the City of Espoo also revealed that the biggest challenges in job search are related to employers’ requirements for proficiency in the mother tongue of Finnish. “The survey was answered by almost […]
Local Round-Up: Copenhagen sets up task force to help incoming Ukrainians
Many variablesNæsager said that the city’s action depends on how many people end up coming and how long they stay. The municipality is currently working on getting educators to take care of the youngest children so that they do not have to spend all day in hotel rooms or the like. Some of the children […]
A Norwegian grocery delivery challenger arrives in Finland
After following the instructions related to epidemics to stay at home during the last couple of years, Finland’s two largest retailers, the K-Group and the S Group, have grown strongly in grocery distribution services. About a week ago, the Norwegian distribution company Oda quietly entered the Finnish market and started operating in some parts of […]
Business Round-Up: Tobacco sales plunge to historic lows
The demand for tobacco in Denmark has never been lower. The period 2011-20 saw a decrease of 29 percent in sales compared to the previous decade, according to Statistics Denmark. Increase in sales of smoking tobacco But while cigarette sales fell sharply by 18 percent in 2020 – a decline due to increased taxes – […]
The restaurant association is complaining to the competition authority about Wolt’s pricing
The tourism association MaRa has announced that it will file a formal complaint with the Finnish Competition and Consumer Authority (KKV) about the pricing of the food distribution company Wolt. According to MaRan, Wolt currently has a dominant position in the food supply market, which allows it to control prices and dictate contract terms without […]
Mara asks competition authorities to review Wolt’s pricing terms
Veli-Matti AittoniemiAccording to Wolt, Mara’s Executive Vice President, the standard contract includes a clause that restaurants must sell their food at the same price regardless of whether the customer is in a restaurant or delivers courier food to their home. Restaurants are thus prevented from charging an additional delivery platform commission. “Wolt’s contracts have a […]
SLUSH 2021: Self-propelled vehicles, dispensing robots and stethoscopes with steroids
Inventors and entrepreneurs at Slush is known to have brought interesting inventions to market from year to year. Despite special circumstances, this year was no exception. Helsinki was able to see a number of new products and solutions in various fields of technology and business. Here are four interesting startups to follow: Reasonable 4 meets […]
Six reasons why you should invest in Helsinki
Helsinki is known for developing urban solutions in cooperation with companies, research institutes and residents. Helsinki is characterized by the development of solutions in cooperation with companies, research institutes and citizens. Still wondering why the capital of the happiest country in the world is the right place to be? Read below 6 reasons why you […]
APN Podcast: Taxing the Gig Economy
Application-based, on-demand companies like Wolt are shaping the relationship between employees and companies. This week, the Yle Points All Points North podcast sheds light on the statutory payments of gig employees under Finnish law. "It’s a very good way to work and earn an income, but you need to know the facts before you start […]
Record amount of venture capital financing for Finnish startups
This year also looks excellent in terms of total startup funding. Last year, the total amount of funding raised by Finnish startups exceeded one billion euros. More than half of this amount, EUR 503 million, came from private equity investors. In the first half of 2021, domestic and foreign private equity investors invested a record […]
Thursday’s papers: Covid measures, Wolt’s rich and poor, and Bosnian tensions
On Wednesday night, government leaders gathered to discuss the situation in Covid amid rising infections and hospitalizations. Prior to the meeting, the health authorities in Kemi-Tornio and Kymenlaakso said they wanted new restrictions to slow the spread, while the alert level in the Helsinki and Uusimaa regions had already been raised to the second highest […]
See: Wolt’s couriers respond to the company’s € 7 billion acquisition
When news of the acquisition of the distribution company Wolt by American rival DoorDash hit the headlines on Wednesday, Yle’s Helsinki office visited Mall of Tripla in the Pasila district for lunch to receive feedback from the company’s courier. Most of the couriers were too busy to stop chatting, but a few took a moment […]
Wolt’s CEO greets multi-billion-euro sales, saying it was a "a difficult decision"
Wolt’s CEO Mickey Six says the distribution company ‘s sale to DoorDash was a “small surprise” for him too. The company’s plan was to list on a stock exchange instead of selling it to a competitor. Late on Tuesday, the company announced a deal of about seven billion euros to sell to DoorDash, which is […]
Finnish Wolt is changing hands with an all-share transaction of approximately EUR 7 billion
Wolt estimated on Wednesday that when the shares changing ownership are taxed in the transaction, the transaction will increase Finland’s tax revenue by approximately EUR 600 million. The food delivery startup also emphasized that its service would remain the same, be it from the point of view of couriers, customers or participating companies. It added […]
Wednesday’s newspapers: Wolt sold, tax day, Niinistö in Belarus
Finland has a tax date when all tax data for 2020 will be published. The magazines are, as always, full of tax-related stories, but one big business news is also on the news list on Wednesday: the takeover of courier company Wolt from American rival DoorDash. Helsingin sanomat newspaper says the deal is worth seven […]
Avi: Wolt’s couriers should be considered employees
According to the decision of the Occupational Safety and Health Authority (Avi) of the Regional State Administrative Agency of Southern Finland, persons who supply food and other goods to the Finnish mobile application-based courier service Wolt must be considered employees of the company, not entrepreneurs. ). According to the agency, the authority’s decision was based […]
Avi: Wolt’s couriers should be considered employees
According to the decision of the Occupational Safety and Health Authority (Avi) of the Regional State Administrative Agency of Southern Finland, persons who supply food and other goods to the Finnish mobile application-based courier service Wolt must be considered employees of the company, not entrepreneurs. ). According to the agency, the authority’s decision was based […]
Wolt couriers are employees, the rules of authority; Wolt defies judgment
“The matter can only be resolved legally in court. We consider it desirable for a court decision to be issued in the matter, in view of the legal protection of both parties and the social significance of the matter.” said Eerik Tarnaala, Director of Occupational Safety and Health, AVI Southern Finland. Wolt said the decision […]
Krumspring still challenges unions
One of the things that occupies the trade union movement 150 years after its founding is “the solo self-employed”. The solo self-employed – or false self-employed, as the trade union movement calls them – are people who work for companies in, for example, the delivery industry and the cleaning industry, but are not employees. In […]
Hesburger founder blames middle management, Covid crisis for staff dissatisfaction
Founder of Hesburger Heikki Salmela told Yle’s current affairs program A-studio on Monday night that he was unaware of the problems facing employees in the fast-food restaurant chain. "Our staff has been the most important thing to us in the world, and if the service industry does not understand the importance of staff, it is […]
Wolt began a legal battle over the employment of couriers
The Finnish food service Wolt intends to continue to treat couriers as entrepreneurs and not as employees, despite the objections of the Regional State Administrative Agency of Southern Finland (Avi). Avi has instructed Wolt to keep a record of the working hours of couriers in accordance with the Finnish Working Hours Act after the Avi […]
Business Round Up: Coastal floods and damage to property can disrupt the entire Danish financial system
Danmarks Nationalbank is concerned that rising waters and soil erosion around Danish coasts will make coastal properties – which many use as collateral against bank loans – worthless. Flood risks already threaten around DKK 41 billion in loans, and Danmarks Nationalbank predicts that the figure could rise to DKK 198 billion at the end of […]
European venture capital statistics: Finnish startups attract twice as much funding as most European colleagues
In statistics, the total amount of investment is presented in relation to the gross domestic product of each country. Comparing these figures, Finland is clearly above the rest of Europe. By comparison, Finland is 77% ahead of the United Kingdom in second place. Finnish startups received twice as much funding as Swedes (in fourth place), […]
Life at its peak one day in hospital in Anna Woltz’s book “Plaster”
Dutch children’s book author Anna Woltz has swung up like a comet in the author’s sky with her debut “Alaska”. Now her second book “Gypsum” is available in Swedish – luckily for Swedish readers, our reviewer thinks. “About how people need to be patched together, not just physically,” says Kulturnytt’s Viveca Bladh. The main character […]
More than half of the capital investments received by Finnish startups come from abroad, in 42 different countries
“The Finnish startup ecosystem has been developed ambitiously, and this is reflected in the results: the total amount of funding received by Finnish startups has more than quadrupled in less than ten years, and Finnish startups generate the most capital investment in Europe relative to GDP.” Pia Santavirta, CEO of the Finnish Venture Capital Association […]
Wednesday newspapers: Pandemic vote, takeaway tensions, main asset
It has been more than a year since the coronavirus pandemic began, on Wednesday Helsingin Sanomat publishes the results of the survey on the subject. Headline: 63 per cent of Finns are either very or fairly satisfied, as is the Prime Minister Sanna Marin (SDP) has dealt with the crisis. However, that is not all […]
Volt’s uprising: Couriers upset over new bonus scheme that has forced some to work 36-hour weekends
Weekends are the most profitable time to work for Wolt couriers – or at least they were until February 22nd. A new payment model introduced by the company on that date drastically reduced their weekend bonus, and on Friday, February 26, they chose to park their vehicles and protest. “No more wage cuts,” they shouted […]
Scrap your Friday takeaway plans – Wolt drivers are planning a strike
If you were planning to celebrate the end of the week with a takeaway, you might want to consider your plans. Wolt drivers have called for a nationwide strike this Friday to protest the removal of their weekend bonus. Bonus was crucial “We consider the weekend bonus to be crucial for our economies,” reads a […]
The boom in takeaway has increased the consumption of disposable plastic
The project is a collaboration between the corporate network Global Compact Network and the industry organization Denmark’s Restaurants and Cafes. It is funded by the Industry Fund. According to the project, the largest delivery players in the takeaway market have experienced a large increase in sales of takeaway in 2020 compared to 2019. The two […]
Why expats should sign up and become active members of Danish unions
Denmark is famous for its strong unions. About 70 percent of the working age Danes are members of a trade union, and about 80 percent of the workers in Denmark have a trade contract. This high level of union density is a key factor in why inequality is so low in Denmark and why Danish […]
Sven Wollter has died
Actor Sven Wollter has died in the suites of covid-19. During his 65-year career, Sven Wollter became one of our most versatile and popular stage personalities It was in the role of the soldier Raskens in the TV film adaptation of Wilhelm Moberg’s novel that Sven Wollter seriously entered the Swedish living room. In the […]
Becoming employees would reduce courier income, Wolt says
The Finnish food service Wolt has said that the salaries and working conditions of couriers will deteriorate if they become employees of the company instead of remaining freelance entrepreneurs. The company responded to a statement issued by the Finnish Labor Council on Thursday, in which it stated that it considers food couriers to be employees, […]
