Wolt completes the acquisition of Romanian local commerce platform Tazz

Wolt has completed the acquisition of Tazz, a leading local commerce platform in Romania, from eMAG. The acquisition marks Wolt’s entry into the Romanian market, aiming to further strengthen the local commerce experience for consumers, merchants, and couriers in the region.

“Romania is a large and vibrant market, and Tazz has built an impressive platform with strong customer relationships and deep local insights,” said Miki Kuusi, CEO of Wolt and Head of DoorDash International. “We’re thrilled to join forces with Tazz, leveraging our mutual strengths to build even better experiences for customers, merchants, and couriers in Romania. We look forward to this journey together and to introducing the Wolt brand to Romania later this year.”

Tazz’s current offerings, including restaurant, grocery, and retail selections, will continue as usual, as will Tazz’s participation in the eMAG Genius subscription program. As previously communicated, Wolt and eMAG have struck a long-term partnership that allows Tazz customers to continue to enjoy the premium benefits of Genius.

“We’re excited to be partnering with Wolt and taking Tazz to the next level,” said Alin Serban, CEO of Tazz. “With Wolt’s focus on world-class technology, customer experience and local service excellence, this partnership opens doors for us to innovate and expand our offerings. At Tazz, we’re proud of what we’ve accomplished as a team and excited about the opportunities ahead as part of Wolt.” Now that the acquisition has been completed, Alin Serban will continue to lead the operations in Romania for Wolt. 

Operating across more than 35 cities, Tazz has been a pioneer in Romania’s home delivery sector, building a strong reputation for selection and convenience. 

About Wolt 

Wolt is a Helsinki-based local commerce platform with a mission to create technology that brings joy, simplicity and earnings to the neighborhoods of the world. It connects people looking to order food, groceries and other goods with people interested in selling and delivering them. To enable this, Wolt develops a wide range of technologies from local logistics to retail software and financial solutions – as well as operating its own grocery stores under the Wolt Market brand. Wolt was founded in 2014 and joined forces with DoorDash in 2022. Together, DoorDash and Wolt operate in more than 30 countries today, 28 of which are with the Wolt product and brand.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which statements involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as “may,” "aim," “will,” “should,” “expect,” “plan,” "try," “anticipate,” “could,” “would,” “intend,” “target,” “project,” “contemplate,” “believe,” “estimate,” “predict,” “potential,” or “continue” or the negative of these words or other similar terms or expressions that concern our expectations, strategies, plans, or intentions as well as related to the transaction described in this release (“Transaction”). Forward-looking statements in this release include, but are not limited to, (i) expectations regarding the expected benefits of the Transaction, (ii) plans, objectives and expectations with respect to future operations, including the continued availability of certain offerings and services, and with respect to stakeholders and the markets or business areas in which we will operate, and (iii) the expected impact of the Transaction on the business of the parties. Our expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including risks and uncertainties related to: risks and uncertainties related to the Transaction, including; costs, expenses or difficulties related to the Transaction, including the integration of the relevant business; failure to realize the expected benefits and synergies of the transaction in the expected timeframes or at all; the potential impact of the the Transaction on relationships with employees, customers, suppliers and other business partners; the risk of litigation or regulatory actions; inability to retain key personnel; changes in legislation or government regulations affecting us; and economic, financial, social or political conditions that could adversely affect us, or the Transaction. The forward-looking statements contained in this release are also subject to other risks and uncertainties that could cause actual results to differ from the results predicted, including those more fully described in the filings of our parent company, DoorDash, Inc., with the U.S. Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended December 31, 2023 and the quarterly reports on Form 10-Q filed by DoorDash, Inc. All forward-looking statements in this release are based on information available to Wolt and DoorDash and assumptions and beliefs as of the date hereof, and we disclaim any obligation to update any forward-looking statements, except as required by law.