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Home » Food retail tech company Rohlik secures $170M in funding
Tech

Food retail tech company Rohlik secures $170M in funding

i2wtcBy i2wtcJune 28, 2024No Comments3 Mins Read
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Czech food retail technology and online grocery company Rollic Group Announced Today The company has successfully raised $170 million in new growth funding, bringing its total capital raised to over $780 million.

Founded to meet the growing demand for online grocery services that offer superior quality and a great customer experience, Rohlik has achieved rapid and sustained growth across the DACH and CEE region.

Rohlik leverages AI, ML and robotics technologies to operate fully automated fulfillment centers, increasing efficiency and productivity without compromising quality. upon quality.

Customers can take advantage of delivery within 15 minutes and same-day delivery. As soon as possible The flight arrived within an hour of booking. Lorik’s Delivery is on time.

The company currently has over 1 million Monthly orders In 2023, it served more than 800,000 customers. now The company is already profitable in the Czech Republic and Hungary, and has also achieved profitability in Munich, validating its economic model in Germany and demonstrating its ability to scale efficiently and sustainably.

In September 2023, Rohlik acquired Bringmeister, further strengthening its presence in Germany.

The investment was led by the European Bank for Reconstruction and Development (EBRD), with participation from existing investors Sofina, Index Ventures, Quadrille and TCF Capital. and It will be complemented by growth capital funding from the European Investment Bank (EIB) under the Scale-Up Initiative.

Tomáš Čupr, Founder and CEO of Rohlik Group, said:

“TIn Europe, there is huge demand for fast and reliable online grocery delivery. Any compromise Quality. We do not See it as a short-term thing phenomenon, But as a long-term opportunity The surrounding area Build a market-leading proposition.

“ARollick, we’ve built the technology to deliver on that promise. In a sustainable and profitable wayOur focus on customer service combined with AI, ML and robotics technologies ensure maximum efficiency and high productivity.

This funding will enable the company to accelerate its growth and Ten It expanded into new cities and set the standard for online grocery delivery across Europe..”

Tamas Nagy, DirectorCo-representative Geoff McClellan, head of equity investments at the European Bank for Reconstruction and Development, said:

“WWe first partnered with Rohlik three years ago and have been impressed with their operations. Team Implementing and investing in expanding the use of proprietary technology, automation and artificial intelligence across our operations.”

Kyriakos Kakoulis, Vice Chairman in The head of the European Investment Bank added:

“TThe loan marks the first operation under the EIB’s Scale-Up initiative, designed to support mature growth companies like Rollic..”

This investment is Lorik’s Ambitious expansion plans in DACH and CEE, What the company aims to achieve Establish a presence in the above regions Ten More cities to be added by 2030.

Main image: Rohlik Group. Photo: Uncredited.



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