Germany based Flink, a grocery delivery startup, raised USD 240 million in a Series A funding round. The funding round was led by BOND, a San Fransisco based technology investor; Prosus, a Dutch consumer internet investor, and Mubadala Capital, an arm of Abu Dhabi’s sovereign wealth fund.

Flink is a platform that has grown at an explosive rate in this CoronaVirus crisis, it claims to deliver groceries as quickly as possible after they have been ordered through an application, available for smartphones.

Words from investors –

“The opportunity that exists for online grocery delivery is vast, with the grocery market in Germany alone expected to reach more than €300 billion (USD 365 billion) in the coming years. The past year has seen many new players entering the nascent market, vying to fulfil the increasing consumer demands. Flink comes to the market offering ultra-fast delivery of items, mostly under 10 minutes, getting consumers what they need almost immediately. Flink’s innovative tech-enabled logistics service combined with the expertise of the team, the quality of the partnerships they have quickly established and the pace of execution within Germany, has been nothing short of impressive.” –  said Larry Illg, CEO of Food Delivery at Prosus.

“Flink is a pioneer in a new model of commerce that is purpose-built for consumers who expect better, faster, cheaper services. We have been impressed by Flink’s ability to scale rapidly while delighting customers through a seamless experience, and are excited to partner together as Flink builds the grocery store of the future.” – Daegwon Chae, general partner at BOND, added to the talks.

In German, “quick” is pronounced as Flink, this is where the company got its name from. It is provided in 24 cities in Germany, Netherlands, and France. Although it hasn’t disclosed the number of customers it has. The main target audience of this startup is the young consumers, the customers who forgot to buy some items from big stores, the ones who don’t find this old-fashioned way of buying groceries and want them at their home.

 Oliver Merkel the CEO and the founder of Flink, said about the company’s growth, future plan and mission, that –

“The order growth we have seen over the past weeks has been explosive and we attribute that to the excellent service we are providing to our consumers.”

“We are on a mission to give people back some of their valuable time during their hectic days and impress them with our service every time they order. We want to establish Flink as the top destination for their day-to-day goods at great prices and with instant delivery by our amazing riders. The order growth we have seen over the past weeks has been explosive and we attribute that to the excellent service we are providing to our consumers.” –  Merkel added.

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