The Czech Grocery Delivery startup Rohlik raised $170 million in its new debut funding round to expand
in the central and Eastern European grocery delivery market. This funding round was led by the
European Bank for Reconstruction and Development with the participation of the firm’s existing
investors, including Sofina Index Ventures, TCF Index Ventures, and Quadrille. Here, we are talking about Delivery startup Rohlik secured $170 million in a new funding round led by EBRD.
The firm will use these fresh proceeds to scale up operations, enhance its platform, and create a brand
presence while aiming for market expansion in Europe. The CEO and founder of Rohlik, Tomas Cupr,
mentioned that the startup will mainly focus on the expansion model and licensing other delivery
brands to partner and build their own local networks and delivery operations for this year. The startup
has not given any valuation till now, but TechCrunch predicted its valuation to be higher than the last
valuation and less than 2 billion USD. The valuation of Rohlik after the previous round in 2022 was
around $1.3 billion.
The usage of grocery delivery services increased after the peak of the Covid-19 pandemic. The
investment company AgFunder mentioned that grocery delivery startups secured around $19 million
in investments in 2021. The director and co-head of Equity Investments at EBRD, Tama Nagy, showed
and business model.
Rohlik offers an online platform using cutting-edge technology to provide the best user experience.
The company offers 90-minute and same-day delivery services. The startup plans to use this
investment to expand its network, enhance its platform, and advance its technology. The competition
is getting complicated in the e-commerce grocery sector, and Rohlik is trying to solidify its position in the
delivery market. The company aims to fill the gap between food producers and retail consumers using
its data-driven e-commerce application.
Conclusion
Rohlik is an e-commerce grocery delivery startup that secured $170 million in a debt funding round
led by the European Bank for Reconstruction and Development. The round saw the participation of its
new investors, including the firm’s existing investors, including Sofina Index Ventures, TCF Index
Ventures, and Quadrille. The valuation of Rohlik is predicted to be higher than the last valuation and
less than 2 billion USD.
The valuation of Rohlik after the previous round in 2022 was around $1.3 billion.
The company plans to enhance its technology and aim for a market expansion. The grocery startup will
use this fund to scale up operations, enhance its platform, and create a brand presence while aiming
for market expansion in Europe. Rohlik plans to use this investment to expand its network to support
future growth, meet public demands, enhance its platform, and advance its technology. The funding
round was the first step for the firm to expand in the central and Eastern European grocery delivery
market.
Disclaimer – We have collected this information from various trustworthy sources on the Internet, and the facts have been checked manually and verified by our In House team.
