Food delivery startup Wolt raises $530M

Re:Food delivery startup Wolt raises $530M by user-the-name on Monday January 25, 2021 @07:41AM (#25902475)

I can offer this piece of insider information: Starting your business in the very high-cost-of-living Finland really helps.

(High cost of living means having to pay high fees to couriers and so on, which means it is impossible to do even do if you do not work out the economics properly right from the start, which then gives a huge advantage moving forward.)

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Re:Food delivery startup Wolt raises $530M by kakoni on Monday January 25, 2021 @08:19AM (#25902782)

According to various sources Finnish couriers charge somewhere between 13-14e per hour as contractors (They are not employees but self-employed entrepreneurs)

To give a reference point, cleaning contractors typically charge around 30e per hour.

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Re:Food delivery startup Wolt raises $530M by fy20 on Monday January 25, 2021 @08:31AM (#25902894)

Is that €30/hr what a cleaning company charges to clients, or what the workers get? Finland doesn't have a minimum wage, so I don't understand what's typical there, but it seems rather high if it's the later - in UK/France/Germany they'd get little more than €10/hr.

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Re:Food delivery startup Wolt raises $530M by kakoni on Monday January 25, 2021 @10:01AM (#25903866)

€30/hr would be what self-employed entrepreneur would charge from the clients (versus employee in cleaning company earns somewhere in the €10/h range.)

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Re:Food delivery startup Wolt raises $530M by antupis on Monday January 25, 2021 @08:54AM (#25903090)

What cleaning company charges, then there is lots taxes and tax-like payments and cleaner gets probably that 10€/hr.

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