Czech online grocer Rohlik snags 160 million euros in new funding for expansion
PRAGUE, June 28 (Reuters) -Czech online grocer Rohlik said on Friday it has secured 160 million euros ($170 million) in new capital led by the European Bank for Reconstruction and Development, alongside investors including Sofina SOF.BR and Index Ventures.
Rohlik will use the funding - which also includes capital from the European Investment Bank, Quadrille and TCF Capital - for expansion in Germany, Switzerland, Austria and central Europe, where the company said it plans to launch in more than 10 cities by 2030.
The online grocer, which targets customers using quick delivery and a range of locally sourced products, has invested in automating its distribution centres to boost efficiency and offer more delivery options.
The privately held company, valued at more than $1 billion in 2021, operates under the Knupsr.de brand in Germany and opened in Berlin in April after launching in Munich in 2021 and Frankfurt in 2022.
Rohlik has raised $593 million from leading venture capitalists, including Index Ventures, Partech and Belgian investor Sofina.
($1 = 0.9352 euros)
Reporting by Michael Kahn and Jason Hovet
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