Prague-based online grocery delivery company Rohlik has raised €160 million in growth capital led by the European Bank for Reconstruction and Development (EBRD), alongside existing investors Sofina, Index Ventures, Quadrille Capital, and TCF Capital, complemented by growth capital funding from the European Investment Bank (EIB) under its Scale-Up Initiative.
- Rohlik was founded in 2014 by Tomáš Čupr. It develops a grocery delivery service in 13 cities across the Czech Republic, Hungary, Austria, Germany, and Romania. Rohlik also operates fully automated fulfillment centers, leveraging a host of AI, ML and robotics technologies to drive efficiency. It offers highly reliable 15-minute delivery windows and same-day deliveries available as soon as 1 hour after booking.
- In 2023, Rohlik served over 800,000 consumers and delivered over a million orders monthly. The company delivers fresh food from local farmers and craftsmen to private label brands, drugstore products, and grocery items.
“There is huge demand across Europe for online groceries delivered quickly and reliably without any compromise on quality. We don’t see that as a short-term phenomenon, but as a long-term opportunity around which to build a market-leading proposition. This funding will allow us to accelerate our growth, opening facilities in more than 10 new cities, and set the standard in online grocery delivery across Europe,” said Tomáš Čupr, CEO of Rohlik Group.
- Rohlik has stated that it is currently aiming for revenues exceeding €1 billion and expects to achieve positive cash flow by the 2024 financial year, along with plans for an initial public offering (IPO) in the near future.
- The money will support Rohlik’s scaling in DACH and CEE, where the business hopes to expand its presence to another 10 cities by 2030.
