Czech meals retailtech and on-line grocery firm Rohlik Group at present broadcasts it has efficiently raised $170 million in contemporary progress capital, bringing its funding to over $780 million.
Based to fulfill the rising demand for on-line grocery companies that supply superior high quality and higher buyer expertise, Rohlik has achieved fast and sustainable progress throughout the DACH and CEE areas.
Rohlik operates totally automated fulfilment centres, leveraging a number of AI, ML and robotics applied sciences to drive effectivity and excessive productiveness with out compromising on high quality.
Clients expertise dependable 15-minute supply home windows and same-day deliveries out there as quickly as 1 hour after reserving. Based on the corporate, 97 per cent of Rohlik’s deliveries are on time.
The corporate now delivers over one million orders monthly and served over 800,000 prospects in 2023. It has now reached profitability in Munich, having already accomplished so within the Czech Republic and Hungary, validating its financial mannequin in Germany and proving its potential to scale effectively and sustainably.
In September 2023, Rohlik acquired Bringmeister, additional strengthening its footprint in Germany.
The funding was led by the European Financial institution for Reconstruction and Growth (EBRD), alongside current traders Sofina, Index Ventures, Quadrille, and TCF Capital and complemented by progress capital funding from the European Funding Financial institution (EIB) below its Scale-Up Initiative.
Tomáš Čupr, founder and CEO of Rohlik Group, stated:
“Tright here is big demand throughout Europe for on-line groceries delivered rapidly and reliably with out any compromise on high quality. We don’t see that as a short-term phenomenon, however as a long-term alternative round which to construct a market-leading proposition.
“At Rohlik, we’ve constructed the expertise to ship on that promise in a sustainable and worthwhile manner, leveraging AI, ML and robotics expertise with our obsession with customer support to drive most effectivity and excessive productiveness.
This funding will permit us to speed up our progress, opening amenities in additional than 10 new cities, and set the usual in on-line grocery supply throughout Europe.”
Tamas Nagy, Director, co-head of Fairness Investments on the European Financial institution for Reconstruction and Growth, stated:
“We first partnered with Rohlik three years in the past and have been constantly impressed by the administration crew’s execution and funding into proprietary expertise, automation and rising use of synthetic intelligence throughout its operations.”
Kyriacos Kakouris, Vice-President at the European Funding Financial institution, added:
“This financing marks the primary operation below the EIB Scale-up Initiative, designed to assist extra mature progress firms like Rohlik.”
The funding will gas Rohlik’s formidable growth plans in DACH and CEE, the place the corporate goals to determine its presence in additional than 10 further cities by 2030.
Lead picture: Rohlik group. Picture: uncredited.