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Czech Rohlik Navigates Grocery Delivery Downturn and Secures €160M Fresh Capital

Czech Rohlik Navigates Grocery Delivery Downturn and Secures €160M Fresh Capital, TheRecursive.com
Image credit: Tomáš Čupr, founder and CEO of Rohlik
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In a Nutshell

  • The Czech online delivery company Rohlik today announced its fresh capital infusion of €160M.
  • The investment was led by the European Bank for Reconstruction and Development (EBRD), alongside existing investors Sofina, Index Ventures, Quadrille, and TCF Capital and complemented by growth capital funding from the European Investment Bank (EIB).
  • The investment will be used to fuel Rohlik’s ambitious expansion plans in DACH and CEE, where the company aims to establish its presence in more than 10 additional cities by 2030.

 

Get the Details

 

Founded to meet the growing demand for online grocery services that offer superior quality and better customer experience, Rohlik has achieved rapid and sustainable growth across the DACH and CEE regions. The company now delivers over a million orders per month, and served over 800,000 customers in 2023. It has now reached profitability in Munich, having already done so in the Czech Republic and Hungary, validating its economic model in Germany and proving its ability to scale efficiently and sustainably. In October 2023, Rohlik acquired Bringmeister, further strengthening its footprint in Germany. For 2024, the company is targeting revenues of over €1B with positive cash flow.

Up to date, Rohlik has raised approximately €790M in equity and debt. Their latest round was a Series D of €220M in 2022.

 

In Their Own Words

 

“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.
“At Rohlik, we have built the technology to deliver on that promise in a sustainable and profitable way, leveraging AI, ML and robotics technology with our obsession with customer service to drive maximum efficiency and high productivity,” commented Tomáš Čupr, founder and CEO of Rohlik.

 

Investor’s Perspective

 

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“We first partnered with Rohlik three years ago and have been continuously impressed by the management team’s execution and investment into proprietary technology, automation and increasing use of artificial intelligence across its operations. We are very proud to support Rohlik’s growth and expansion plans in the years to come,” added Tamas Nagy, Director, Co-head of Equity Investments at EBRD.

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https://therecursive.com/author/elenaghinita/

Elena is a Startup Community Editor at The Recursive. In other words, she keeps close to the startup ecosystem in CEE and makes their stories heard. She creates educational and informational content about innovation, funding and startup growth.