Rohlik raises $119M at a $1.2B valuation to grow its 2-hour grocery delivery service in Europe

Wholesale “instant” wholesale shipping has become a big theme among food startups in Europe, where customers can order from various items and get their purchases packed from “Dark Stores” and sent in 10 or 15 minutes. But today a startup that builds a much larger proposition – a virtual supermarket of 17,000 items that produce in just two hours – announce some funds when he developed in Europe.

Rohik, Czech Startup that has built an online grocery booking and delivery business that sells wholesale costs – those obtained by themselves wholesalers, or in partnerships with established businesses, combining that with items sourced from local small businesses – have taken € 100 million ( $ 119) million at today’s level). This C series investment value is Rohical with € 1 billion ($ 1.2 billion).

Round is being led by Index Ventures, which is also part of the series B series $ 230 million which was raised only three months ago. Previous supporters including Partech and Quadrille Capital also participated in this latest round.

The reason for quick raising is to attack while the iron is hot and put the gas on expansion, said Tomáš čupr, the founder of Rohik Click and CEO.

The Czech Startup has been expanded to Hungary and Austria and planned its first launch in Germany, in Munich, in the coming months. With the urge of this extra funding, he said that Romania, Italy, France and Spain are now on the list too.

“They are all in the first plan we want to adjust to investors, but we feel we are not proven to come from Eastern Europe,” said Ecupr in an interview. “Now we feel you can let go of what we see before, namely with high cellular shopping penetration, we have the opportunity to interfere with food ingredients in Europe.”

Pandemic Covid-19 has a giant impact on how we eat – and one aspect of those who have many people start buying food – artificial items, and everything including – online and sending it to their homes instead of choosing it and paying it directly , As specified by online and offline services bent under the weight of customer demand, which represents a great opportunity for technology companies that build more efficient models to make people the same goods (and sometimes even more interesting choices, or more services Comfortable) to fill the gap.

Rohik actually exists and grows firmly for six years in the home market of the Czech Republic before raising money – and it has actually been profitable there – but the star really starts to rise with a greater change in consumer demand.

Rohical income in 2020 passed € 300 million, with more than 750,000 customers; It hasn’t revealed any numbers for 2021 that will talk with how well expansion is running, but the funding seems to point to traction. At present, the average store is in the range of € 60 to € 100 per order, with customers usually shopping once a week, said čupr.

While the rental name can change with every new market – in Hungary this Kifli.Hu, in Austria Gurkerl.at, and in Germany it will be called Knuspr.de – what remains consistent is the company’s basic formula, the mixture itself -purchased-in wholesale goods , items from partners such as Marks & Spencer, and products sourced from smaller and lesser businesses, a mixture that might be presented or personalized depends on market demand, and potentially pushed out for several interesting economic scales using rental logistics using rental logistics Using Rohical logistics using rental logistics. Operation to do it.

This is an interesting thing. As someone who has lived in countries like U.S. Where business foods such as Fishmonger are basically non-existent, except in the largest metropolis; And in places in Europe, where it is not uncommon for even the smallest villages to have independent and used shops for the basics, this is where Rohik stands out for me, as a rare example of a technology company that tries to bring more Lots of growth. for the small business rather than providing services.

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