Czech online grocer Rohlik snags 160 million euros in new funding for expansion
28/06/2024 08:00
PRAGUE, June 28 (Reuters) - Czech online grocer Rohlik
said on Friday it has secured 160 million euros ($170 million)
in new capital led by the European Bank for Reconstruction and
Development, alongside investors including Sofina SOF.BR and
Index Ventures.
Rohlik will use the funding - which also includes capital
from the European Investment Bank, Quadrille and TCF Capital -
for expansion in Germany, Switzerland, Austria and central
Europe, where the company said it plans to launch in more than
10 cities by 2030.
The online grocer, which targets customers using quick
delivery and a range of locally sourced products, has invested
in automating its distribution centres to boost efficiency and
offer more delivery options.
The privately held company, valued at more than $1 billion
in 2021, operates under the Knupsr.de brand in Germany and
opened in Berlin in April after launching in Munich in 2021 and
Frankfurt in 2022.
Rohlik has raised $593 million from leading venture
capitalists, including Index Ventures, Partech and Belgian
investor Sofina.
($1 = 0.9352 euros)
(Reporting by Michael Kahn and Jason Hovet)
((michael.kahn@thomsonreuters.com; +420 234 721 615; Reuters
Messaging: michael.kahn.thomsonreuters.com@reuters.net))