Czech e-grocery startup Rohlik has raised €190M in a round led by Partech, joined by Index Ventures, with participation from EBRD, J&T Banka, Quadrille Capital, R2G and existing investor Enern. According to the company, the capital will be used for Rohlik’s expansion in its existing markets and the launch in Germany and other international markets. The fundraising was supported by Arma Partners as an exclusive financial advisor, legal advice from White & Case as well as the tax and accounting due diligence from Deloitte.
Rohlik has also announced that it will close FY2020 with €300M in revenue, representing 101 per cent annual growth, and 750,000 customers.
Founded in 2014, Rohlik is currently active in the Czech Republic (Rohlik.cz), Hungary (Kifli.hu) and Austria (Gurkerl.at). It is also planning to launch in Germany (Knuspr.de) in the coming months. According to the company, it has more than 17 thousand items to choose from. It also offers a 15-minute delivery window with delivery as soon as within two hours of placing an order.
At Rohlik, we want people to ‘eat well and live well’. We offer a broad selection of awesome food to our customers and provide them with a service that makes life easier,” explains Tomáš Čupr, Rohlik Group CEO. “With this funding round, we will be able to accelerate our growth and continue to invest in our market-leading technology and operating capabilities.”
It currently has 750,000 customers across three international markets. The company claims that, currently, it is the only Czech startup to receive €190M from investors.
“We expect that our activities will kick-start the market and force all players in the retail industry to accelerate. We are not focused on delivering a small basket very quickly like other players in the market, but fulfilling real needs of families in Europe,” comments Čupr.
Partech leads the round
This round was led by global VC firm, Partech. With offices in San Francisco, Paris, Berlin and Dakar, Partech invests in Internet and information technology startups at seed, venture and growth stages.
It has €1.5B under active management. In 2020, Partech invested in 82 startups across 24 countries in Europe, America, Africa and Asia.
“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,” says Omri Benayoun, General Partner at Partech.