The e-grocery store market is growing in Europe in recent years. Rohlik Groupone of Europe’s pioneers, has just closed a Series D funding round worth €220 million. It was run by Sofina, an international holding company based in Brussels, with investments in different sectors, as well as Index Ventures and the company’s founder Tomáš Čupr himself. The transaction is a strong vote of investor confidence in Rohlik’s fundamentals.
The D-series in this difficult market is a great achievement for Rohlik and the whole team. This increase gives us the opportunity to emerge as category winners for years to come and I am excited about what lies ahead.
Tomáš Čupr.
Expansion to Hamburg, Milan, Bucharest and Madrid
The Czech company is already operating in Prague, Budapest, Vienna, Munich and Frankfurt. It now has its eyes on further expansion, planning to launch soon in Hamburg, Milan, Bucharest and Madrid. In the specific case of Spain, Rohlik plans to invest 50 million euros in the first five years, in addition to creating 200 jobs in the first year.
Currently over 1 million active customers use the service to get their groceries delivered and this will only skyrocket with these new launches and this new round of funding. These funds will also be used to accelerate technological innovation, including the automation of fulfillment centers and electric mobility of its operations, as well as to enter new markets.
On the other hand, from Rohlik they affirm that their income increased 52% in the last twelve months, contrary to what is happening with a large part of online supermarkets.