Rohlik Group Banks €220M Mega Funding For Its E-grocery!

PRAGUE-BASED UNICORN STARTUP Rohlik GROUP BANKS A €220 MILLION MEGA FUNDING FOR ITS E-GROCER SERVICE

Rohlik Group
Image Credit: E-grocery Service

As markets continue to double down on logistics digitization, the EU is believed to be advancing in this trajectory. It comes as the grocery space continues to witness tremendous growth across Europe, and in view of this, to enhance the digitization of this space, Rohlik Group, one of Europe’s pioneers has just secured fresh funding round for its e-grocer service.

The latest funding was led by a new investor, Sofins coupled with existing investors such as Index Ventures and the founder Tomás Çupr. However, the transaction is believed to be a strong vote of confidence from investors in Rohlik’s fundamentals. Prior to this development, the Prague-based startup had in 2021 raised €100 million, a fund that helped the company achieve unicorn status.

Founded in 2014 with the vision to raise the bar in terms of food quality and service in the grocery service delivery, the subject startup is one that delivers groceries straight to consumers’ doorsteps in a 15-minute window.

“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”, Rohlik’s founder ‘Tomás Cupr’ commented.

Aside from other grocery delivery firms, Rohlik Group is understood to be very popular based on the delicate and unique combination of fast and precise delivery, large assortment and choice, and, great value for money for all consumers. A source familiar with the matter has confirmed, the company claimed it delivered 85% of orders within 90 minutes from order or within 15 – minutes in same-day time windows. With prices in line with competitors, it also has a reported 17k items in its assortment. Rohlik solution combines well-priced private brands, domestically sourced goods from small farmers and producers including international brands while offering consumers amazing choices.

Currently, the subject startup is operating in Prague, Vienna, Budapest, Munich, and Frankfurt, while the Czech company now has its eyes set on further expansion. Milan, Hamburg, and Madrid the next cities to host the e-grocer service. In the meantime, more than 1 million active customers use the service to get their groceries delivered and this is set to skyrocket with these new launches and the new fundraise.

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”.

As for the fresh fund, the startup made clear it will be used to accelerate tech innovation that includes the automation of fulfillment centers and electric mobility.