Uber Rival Jumps Into European Food Delivery Business

Uber Technologies Inc. rival Bolt, formerly known as Taxify, is preparing to expand into the food-delivery market and utilize its existing network of drivers to do so quickly.

Uber Eats doesn’t operate in some parts of in eastern Europe and Africa, which Bolt considers key markets. This provides “a good avenue” for the company to pursue, Bolt Chief Executive Officer Markus Villig said.

“Anywhere we have the market-leading position is a good place for us to consider, as we can utilize the massive rider base, drivers and payment infrastructure we already have,” he said in an interview.

Estonia, Finland and South Africa have been picked as the first markets where Bolt will roll out the new service in the next few months, the company said Thursday in a statement.


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