From Yahoo Finance: 2025-05-06 15:40:00

DoorDash has been on a buying spree, acquiring two companies in order to expand its presence in the grocery delivery market. The company purchased Cornershop, a grocery delivery service in Latin America, and Wolt, a food delivery service in Europe. This move will help DoorDash compete with other major players in the industry.

The acquisition of Cornershop will allow DoorDash to establish a strong presence in the Latin American grocery market, which is experiencing rapid growth. With this purchase, DoorDash will be able to offer customers in Latin America a wider range of grocery delivery options, further solidifying its position as a leading delivery service in the region.

By acquiring Wolt, DoorDash will be able to expand its reach in Europe, where the food delivery market is highly competitive. Wolt has a strong presence in several European countries, including Finland, Estonia, and Denmark. This acquisition will help DoorDash gain a foothold in the European market and increase its market share.

Overall, DoorDash’s buying spree is a strategic move to expand its global footprint and increase its market share in key regions. With the acquisitions of Cornershop and Wolt, DoorDash is positioning itself as a major player in the grocery and food delivery markets, solidifying its position as a top delivery service provider worldwide.

Read more: DoorDash’s Buying Spree