Bolt now valued above $8bn after raising $712m to expand product lines | TheCable

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Bolt, a ride-hailing company, says it has raised $709 million to expand its transportation and food delivery super app.

January 11, 2022 1:01 PM

Sequoia Capital and Fidelity Management and Research Company participated in the funding round — bringing the company’s total valuation to $8.3 billion. Markus Villig, Bolt’s chief executive officer and founder, said the business is open for partnership and looking at growing bigger.“All of our business units are growing. Bolt is working on partnering with more city governments to build our services as part of the updated transportation strategies,” Villig said.

 

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