Estonian startup Bolt said it has raised 600 million euros funding round, increasing its valuation to more than €4 billion to boost its new grocery delivery service, Bolt Market, and accelerate the expansion of existing mobility and delivery products.

In January Bolt’s Finnish peer, Wolt unveiled a $530 million round of financing following its rapid expansion within the grocery and retail sectors during 2020.

The funds were raised from a range of investors including Sequoia, Tekne, and Ghisallo, G Squared, D1 Capital, and Naya.

Bolt Market will be launched in 10 European countries over the next few months, including the Baltics and Central Europe, Sweden, Portugal, Croatia, and Romania, it said.

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