Rohlik, a Czech-based online grocery delivery startup, has bagged US$ 119 million in a Series C funding round led by Index Ventures on 1 July 2021.

Investors: The investment round featured Index Ventures as the lead investor. Existing investors Partech and Quadrille Capital also participated. With investments in Series C round, the company is now valued at US$ 1.2 billion.

Purpose of the funding: The startup seeks to deploy the proceeds from the latest round towards hiring fresh talent, exploring new market entities and speed the innovation process.

About Rohlik

Rohlik Logo

The online grocery platform was established in 2014 by Marek Sacha and Tomas Cupr. Today its virtual supermarket has more than 17,000 items. It ensures that deliveries are made in as little as two hours after an order has been completed. The company stands out for its basic formula of a mix of its own-purchased-in wholesale items, goods from partners like Marks & Spencer, and products sourced from smaller and local businesses.  The company earned an income of over 300 million euros in 2020 and catered to around 750,000 customers.  The Czech-based startup seeks to launch in Germany in the coming months after expanding to Hungary and Austria in the last three months.

The COVID-19 pandemic has shifted consumer’s preferences for the acquisition of food items. People have started buying food online rather than purchasing it in supermarkets. As a result, the demand for online and delivery services has rocketed and has presented Rohlik with an opportunity to offer high-end services and earn profit.

What the Founder has to say: “Expanding to Romania, Italy, France and Spain was our first plan which we wanted to present to our investors, but we felt we were unproven coming from Eastern Europe. However, we are now ready to unlock our services. We believe that we are best positioned under the current circumstances to compete with groceries in Europe. Rohlik is now perceived as a European company able to scale quickly. Currently, the average shop is in the range of 60 to 100 euros per order, with customers typically shopping about once per week.”- Tomas Cupr, Co-Founder of Rohlik.

What the Investors have to say: “An amalgamation of three things has helped Rohlik reach new heights.  At first, there stands a glorious chance to expand. Second, Rohlik’s strategy and finally its business model which the customers find unique and attractive.”- Jan Hammer, Partner at Index Ventures.

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Sankalp majorly focuses on writing newsletters on VCBay. He is pursuing Bachelors in Economics from the University of Delhi and exhibits proficiency in content writing and research.

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