Firmly cementing itself as a market leader in the European e-grocery space, unicorn Rohlik Group has just bagged €220 million in Series D funding showing strong confidence in its future plans.
The e-grocery space has been growing across Europe now for a couple of years and Rohlik Group, one of Europe’s pioneers has just secured another mega funding round. Back in 2021, the Prague-based startup picked up €100 million and achieved unicorn status. Now, the team has gained an even higher valuation and the company is still conjuring up magic.
This funding was led by a new investor, Sofina, with existing investors including Index Ventures and the founder Tomáš Čupr. The transaction is a strong vote of confidence from investors in Rohlik’s fundamentals.
Founder, Tomáš Čupr, commented: “Series D in this tough market is a great achievement for Rohlik and the entire team. Without our great people, we wouldn’t be in this position. This raise gives us a chance to emerge as a category winner in the next few years and I am excited about what lies ahead.”
Founded in 2014 with the vision to raise the bar in terms of food quality and service in the grocery delivery service, Rohlik delivers groceries straight to consumers’ doorsteps in a 15-minute window.
What makes it so popular is the delicate and unique combination of fast and precise delivery, large assortment and choice, and, great value for money for consumers. The company claims to deliver 85% of orders within 90 minutes from order or within 15- minute same-day time windows. It has a reported 17k items in its assortment and prices are in line with competitors. The e-grocer solution combines well-priced private brands, locally sourced goods from small farmers and producers and top international brands – giving consumers amazing choices.
Already operating in Prague, Budapest, Vienna, Munich and Frankfurt, the Czech company now has its eyes set on further expansion. Hamburg, Milan, Bucharest and Madrid are the next cities to host the e-grocer service. Currently, over 1 million active customers use the service to get their groceries delivered and this is only set to skyrocket with these new launches and this new funding round.
The new funds will also be used to accelerate tech innovation, including the automation of fulfilment centres and electric mobility.
Sofina’s CEO Harold Boël, added: “This investment fits with Sofina’s strategy in the Consumer and Retail sector of providing capital to support growth opportunities alongside partners sharing common values and a vision to bring efficiency, choice and convenience of food retail to new levels. “This investment fits with Sofina’s strategy in the Consumer and Retail sector of providing capital to support growth opportunities alongside partners sharing common values and a vision to bring efficiency, choice and convenience of food retail to new levels.”