HomeCzechia-StartupsPrague-based online grocery delivery Rohlik Group nabs €100 million, gaining unicorn status

Prague-based online grocery delivery Rohlik Group nabs €100 million, gaining unicorn status

Rohlik Group, one of Europe’s leading online grocery delivery businesses has raised €100 million in a Series C funding round led by Index Ventures. With this round, Rohlik joins a select club of fastest-growing European startups to achieve unicorn status with a valuation of over $1 billion.

With revenue exceeding €300 million in 2020, Rohlik Group provides more than 750,000 customers across 3 international markets with fast and precise home deliveries of high-quality groceries.

Founded in 2014 with the vision to elevate the standards of food quality and service in the grocery industry, founder Tomáš Čupr believes that customers deserve to eat better food, delivered at their doorstep. Rohlik delivers as quickly as within two hours of placing an order with precise 15-minute delivery windows. Rohlik also offers its customers its own brands of dairy and meat, with other product segments to follow.

Having already successfully expanded to Hungary and Austria, the company will be launching in Munich in the coming months, with other German cities and European countries to quickly follow, reflecting the significant growth potential and accelerating adoption by consumers of online grocery purchases.

Tomáš Čupr, founder and CEO of The Rohlik Group, said: “We announced the first round of financing at the beginning of March, where we raised $230 million. After three months, we received additional funding led by Index Ventures. This investment shows our investors’ confidence in Rohlik Group’s fast growth. We are now perceived as a European company able to scale quickly in the very demanding Western European markets. The newly secured funding helps us to accelerate even faster than originally intended, mainly in the areas of new market entries, fulfilment centre automation and the overall pace of innovation, including hiring great talent.

With this latest funding round, Rohlik becomes the latest European unicorn and one of the first from the region. The money raised will be used to drive further growth and enhancements to services for customers, the deployment of tech innovations and rapid expansion both within existing European markets as well as to launch in Germany and other international markets. In the near future, Rohlik’s passion for helping Europeans eat better and live happier lives will thus spread to Romania, Italy, France and Spain with the goal of becoming the leading European player.

“We are always focused on developing the best proposition for customers,” explained Čupr, adding: “This investment helps us to continue to innovate, developing new tech tools to accelerate the food industry and bring about a digital revolution. The goal is to extend choice for our customers, bringing them the food they love via fresh food from local farmers and artisans, delivered at the quality they envisage. Our shareholders see the intrinsic opportunity and growth potential ahead of us with this supplier-friendly and customer-centric approach.”

Jan Hammer, Partner at Index Ventures, commented: “Rohlik, which is already profitable in its largest market, is experiencing strong growth in new regions and is outperforming across all metrics. Its unique model, which marries convenience with a full assortment of products, from essential value items to high quality local produce, is proving to be a winning formula

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Charlotte Tucker
Charlotte Tucker
Charlotte is the previous Editor at EU-Startups.com. She spends her time scouting the next big story, managing our contributor team, and getting excited about social impact ventures. She has previously worked as a Communications Consultant for number of European Commission funded startup projects.

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