Uber rival Bolt raises $711 million at valuation of over $8 billion

Estonian startup Bolt said on Tuesday it had raised 628 million euros ($711.40 million) from investors led by Sequoia Capital and Fidelity Management and Research Co, taking its valuation to 7.4 billion euros ($8.38 billion).
 

Bolt, a rival of Uber's ride-sharing and food delivery business, last raised funding in August at a valuation of more than 4 billion euros.
 

The company also offers electric scooter rentals, car-sharing and a 15-minute grocery delivery service, catering to over 100 million customers in 45 countries and over 400 cities across Europe and Africa.
 

"We are expanding all the five product lines extremely quickly,