- 2 July 2021
- Transport / Logistics Services
Czech Republic based e-grocery same-day delivery startup Rohlik Group has announced it has raised €100 million in Series C funding, valuing it at €1 billion.
The funding round was led by Index Ventures along with existing investors Partech, EBRD (The European Bank for Reconstruction and Development), J&T Banka, Quadrille Capital, and R2G also participated in this round.
Tomas Cupr, founder and CEO of The Rohlik Group, said, “We announced the first round of financing at the beginning of March, where we raised €190M. After three months, we received additional funding led by Index Ventures. This investment shows our investors’ confidence in Rohlik Group’s fast growth. We are now perceived as a European company able to scale quickly in the very demanding Western European markets.”
The capital is being raised to enable Rohlik Group to grow its business across Europe, launching in Germany and further establishing itself in existing markets. It is also to enhance its services for customers and deploy more tech innovations.
According to Cupr, “The newly secured funding helps us to accelerate even faster than originally intended, mainly in the areas of new market entries, fulfilment centre automation and the overall pace of innovation, including hiring great talent.”
He added, “This investment helps us to continue to innovate, developing new tech tools to accelerate the food industry and bring about a digital revolution.”