E-hailing and on-demand delivery company Bolt Food has announced it will exit the South African and Nigerian market this coming December.
According to tech insiders the company struggled to make its presence felt due to stiff market competition where customers had a lot of options to choose from.
“At this time, we have made the difficult decision to discontinue our food delivery operations in South Africa and Nigeria due to business reasons,” said Bolt in a press statement.
“The decision to exit this market is necessary to streamline our resources and maximise our overall efficiency as a company.”
The food delivery service will stop taking orders from the 8 December in South Africa and from 7 December in Nigeria, that makes Ghana the only African where you can find Bolt Food.
“We are working closely with our couriers to ensure a smooth transition during this process,” statement reads.
Mzansi has well established food delivery services such as MR D Food and Uber Eats, on the other hand the majority of local retailers have launched their own delivery services such as Checkers Sixty60, Pick n Pay ASAP!, Woolies Dash, and Spar2U are some of the biggest retailer food delivery services.