Czech Republic-based Rohlik has raised €190 million in funding to accelerate the growth of its online grocery business in the European market.
Founded in 2014, Rohlik currently operates its online grocery delivery service in Czech Republic, Hungary and Austria. The company says it will close the 2020 full-year with €300 million in revenue, representing 101% annual growth and 750,000 customers.
The capital will be used to fuel Rohlik’s expansion in existing markets, as well as its launch into Germany in coming months, followed by other international markets.
The round was led by Partech and joined by Index Ventures, with participation from EBRD, Quadrille Capital, J&T Banka, R2G and existing investor Enern Miton.
“With this funding round, we will be able to accelerate our growth and continue to invest in our market-leading technology and operating capabilities,” said Tomáš Čupr, Rohlik Group CEO.
Omri Benayoun, general partner at Partech, added: “Rohlik is the most exciting player in the European online grocery industry. Rohlik’s execution expertise has earned it the trust of both local merchants and global FMCG companies; allowing Rohlik to outperform on quality and price compared to the grocery giants.”
Online grocery delivery services have witnessed a surge in demand since the outbreak of Covid-19, with companies such as Drizly and Instacart raising significant funds.
Jan Hammer, partner at Index Ventures, commented: “We’ve been impressed with Rohlik’s consumer proposition, offering premium produce alongside a wide range of value-priced products, combined with convenient delivery options. The team at Rohlik has executed flawlessly and relentlessly to create one of the most exciting and fast-growing food businesses in Europe.”
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