William Malcolm

Czech Online Grocery Delivery Startup Rohlik Raises 100 Million Euros

The Czech online grocery delivery startup Rohlik Group received 100 million euros (approximately 2.6 billion CZK) from investors. The investment values the whole company at one billion euros. The company will use the money to continue investing in development, introducing technological innovations and accelerating expansion abroad, the statement said in a statement today.

The new investment comes three months after the company managed to raise 190 million euros from investors for expansion into Germany. In addition to the Czech Republic, the company operates in Hungary and Austria. It now plans to expand to Romania, Italy, France and Spain.

Thanks to a new round of financing, Rohlik has become a so-called unicorn. Which is how start-up technology companies with a value of more than one billion USD (CZK 21.5 billion) are described.

The company’s founder, Tomáš Čupr, stated that the newly secured finances will help the company grow faster than originally intended, especially when entering new markets, automation, and innovation. According to him, the company is newly perceived as a European company capable of rapid expansion in Western European markets.

Index Ventures has become the main investor.

Rohlik was founded in 2014. Last year, the company had a turnover of more than 300 million euros and has around 750,000 customers.