Czech grocery start-up Rohlik eyes expansion to RO after financing round

Rohlik.cz, a Czech startup that has built an online grocery ordering and delivery business, has raised EUR 190 million in a new financing round, which it will use to expand its footprint across metropolitan areas in its existing three markets — the Czech Republic, Hungary, and Austria — and to break into Germany, Poland, Romania, and other countries in the near future, according to Romania-Insider.com.

The European Bank for Reconstruction and Development (EBRD) announced that it invested EUR 30 mln in the company. Rohlik.cz, which has some 17 thousand items in its online store, doubled its revenues in 2020 to EUR 300 million, reaching 750,000 customers, and it is profitable.

The company’s two strong points are the two-hour delivery turnaround ordered in windows of 15 minutes and “an amazing assortment” that “saves people 5-7 shopping trips, not just the one to the supermarket,” according to Tomáš Čupr, Rohlik CEO and founder. “That’s why we managed to scale,” Čupr explains.

Read more HERE

Comments

comments