"Combined with our technology, efficient operations and hundreds of thousands of drivers, we plan to build the best food delivery service for the millions of people in Europe and Africa who already use our services daily," Bolt CEO and co-founder Markus Villig said in a press release.

He noted that the goal was to apply the same customer-focussed mindset, which led the company to be built around efficiency lending itself to the best prices for passengers and lowest commissions in the industry for its drivers, that has led to the company's rapid growth as a ride-hailing platform.

The company's food delivery service will be launched this summmer in Estonia, Finland and South Africa.

The former Taxify recently underwent a global rebrand, which included changing its name to Bolt, in a move aimed at bringing its brand identity in line with the company's broader transportation vision.

Bolt's services worldwide already include ride-hailing with cars and motorbikes as well as scooter-sharing. It will join Tellitoit and Wolt in offering food delivery services in major Estonian cities.