Ride-hailing platform Bolt, says it wants to venture in delivery offerings in the Kenyan market.
The company’s latest foray into the delivery space is expected to give stiff competition to established players as it explores alternative revenue streams.
“We’re already present in 30+ markets across Europe and Africa. Now, it’s time for us to bring the know-how around building a mobility platform to the food delivery industry,” read the notice by the firm seeking to hire a Country Manager for its food delivery business in the country.
The firm intends to commence operations towards the end of the year.
Other players in the industry include UberEats, Jumia Food, Glovo and Yum.
In January, the Estonian taxi-hailing firm received a KSh5.6 billion loan from the European Investment Bank (EIB) to help in research and development plans for its products.
“Mobility is one of the areas we will continue to grow and innovate for the benefit of our customers. We will invest in improving and expanding our ride-hailing technology as well as personalized mobility services like food delivery,” Martin Villig, Bolt’s co-founder had said.