On June 17th, 2022, Rohlik, a Prague-based online grocery delivery firm with over a million users, raised €220 million (USD 231 million) in a Series D funding round, which it would use to continue investing in its current markets and expansion.
Index Ventures, the company’s founder Tomáš Čupr, and other investors also participated in this fundraising round, which newcomer investor Sofina headed. Investors believe in Rohlik’s fundamentals, as evidenced by the deal.
Since a few years ago, the e-grocery market has expanded throughout Europe, and Rohlik Group, one of the industry’s pioneers, recently closed another massive fundraising round. The startup, with its headquarters in Prague, raised €100 million (USD 105 million) back in 2021, becoming a unicorn. The team’s worth has increased even further, and the business is still working its magic.
What the founder has to say:
Founder, Tomáš Čupr, commented:
“A major accomplishment for Rohlik and the entire team is to reach Series D in this competitive industry. We wouldn’t be in this situation without our fantastic employees. I’m optimistic about what lies ahead because this raise provides us a chance to win our category in the upcoming years.”
What the investors have to say:
Sofina’s CEO Harold Boël:
“This investment “fits with Sofina’s approach in the Consumer and Retail sector of providing capital to support growth prospects alongside partners sharing common values and a vision to bring efficiency, choice, and convenience of food retail to new levels. This investment is in line with Sofina’s strategy in the consumer and retail sector, which entails giving money to support growth prospects with partners who share similar values and a vision to increase the effectiveness, variety, and convenience of food retail.”
More about Rohlik:
Rohlik delivers groceries to customers’ doorsteps in a 15-minute window. Rohlik was founded in 2014 to raise the bar for food quality and service in the grocery delivery industry.
The Czech company, which already has operations in Prague, Budapest, Vienna, Munich, and Frankfurt, is currently looking to expand. The following cities will host the e-grocer service: Hamburg, Milan, Bucharest, and Madrid. With these new launches and this new investment round, the service’s current user base of over 1 million active subscribers will only grow exponentially.
Additionally, the extra money will be utilized to speed up technological innovation, including automated fulfillment centers and electric vehicles.
According to the business, 85 percent of purchases are delivered within 90 minutes of the order time or within 15-minute time intervals on the same day. Its assortment reportedly numbers 17,000 goods, and its costs are competitive. With the e-grocer solution, consumers have an incredible range of options, including reasonably priced private brands, commodities acquired locally from small farmers and producers, and top worldwide names.
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