Online grocery : Rohlik closes financing roun...
Online grocery

Rohlik closes financing round

Rohlik
Rohlik was founded in 2014 with a vision to take product quality and service in the Grocery to a new level.
Rohlik was founded in 2014 with a vision to take product quality and service in the Grocery to a new level.

GERMANY, Munich. Rohlik Group, one of the leading online grocery companies in Europe, has raised €190 mill. from investors and announced that it expects 2020 sales of €300 mill., representing an annual growth of 101%, and 750,000 customers.

The investor round is led by Partech, extended by Index Ventures, as well as EBRD, J&T Banka, Quadrille Capital, R2G and existing investor Enern Miton. existing investor Enern Miton. The additional capital will support the expansion of Rohlik in its existing markets and launch in Germany in the second quarter of 2021 and in other international markets. The online grocer is currently the only Czech start-up to have raised €190 mill. from Investors. The fundraising was led by Arma Partners as exclusive financial advisor, White & Castle as legal advisor, and Deloitte as tax and accounting auditors.

Rohlik was founded in 2014 with a vision to take product quality and service in the Grocery to a new level. The focus on the customer experience is reflected in every step of the ordering process, from the wide selection of more than 17,000 items to delivery within a 15-minute time window within two hours from the time the order is placed.

The online retailer's unique business model has led to rapid growth throughout the Czech Republic with expansion into Hungary in 2019 and Austria in 2020.The Rohlik Group will use the funds generated to drive growth in its current markets as well as in the German online grocery market in 2021 to accelerate growth.

Source: Knuspr
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