Czech Republic-based Rohlik Group is a grocery delivery company that offers a 90-minute same-day delivery service. Earlier this year, in March, it 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.
Today, the e-grocery startup has announced that it has raised €100M in its Series C round of funding, at a valuation of €1B, making it a unicorn.
This current round was led by Index Ventures. Additionally, existing investors including 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, says, “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.”
Funds for growth and expansion in Europe
The raised capital will help Rohlik to further grow and enhance its services for customers, deployment of tech innovations, and rapid expansion within existing European markets as well as to launch in Germany and other international markets.
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 further adds, “This investment helps us to continue to innovate, developing new tech tools to accelerate the food industry and bring about a digital revolution.”
In the near future, the company plans to expand its services to Romania, Italy, France, and Spain with the goal of becoming the leading European player.
“Eat Well, Live Well”
“At Rohlik, we want people to ‘eat well and live well’. We offer awesome food to the general public and provide them with a service that makes life much easier. That approach made us one of the grocery delivery leaders in Europe,” says Tomas Cupr, Rohlik Group CEO.
The company was founded in 2014 with an aim to boost the standards of food quality and service in the grocery industry. Founder Tomas Cupr believes that customers deserve to eat better food and have it delivered to their homes with a superb quality of service.
According to the company, it’s obsession regarding customer experience is reflected in every step of the order; from the broad and unique assortment, with more than 17,000 items to choose from, to the delivery experience.
Currently, Rohlik Group claims to provide more than 750,000 customers across 3 international markets with home deliveries of high-quality groceries. Last year, in 2020, the company registered a revenue of more than €300M.
Cupr adds, “The goal is to extend choice for our customers, bringing them the food they love via fresh food from local farmers and artisans, delivered at the quality they envisage. Our shareholders see the intrinsic opportunity and growth potential ahead of us with this supplier-friendly and customer-centric approach.”
Rohlik delivers as quickly as within two hours of placing an order with a precision of 15-minute delivery windows. Besides, the company also provides its customers with its own brands of dairy and meat products, and is planning to introduce other product segments in the near future.
Currently, its services are operational in the Czech Republic (Rohlik.cz), Hungary (Kifli.hu) and Austria (Gurkerl.at), and will be launching next month in Munich, Germany (Knuspr.de) including other large cities of the country.