Rohlik Group Raises $170 Million for Expansion

Sure, here's a meta description for the article: "Rohlik Group secures $170 million in funding to fuel its expansion across Europe, enhancing its online grocery delivery services and market reach."


Andrew Highins

7/1/20243 min read

Rohlik Group Raises $170 Million for Expansion
Rohlik Group Raises $170 Million for Expansion

Rohlik Group, a leading European online retailer, has successfully raised $170 million (€160 million) in new growth funding. It was led by the European Bank for Reconstruction and Development (EBRD), with contributions from existing investors Sofina, Index Ventures, Quadrille and TCF Capital The European Investment Bank (EIB) also provided development funding under its growth programme.

Expansion Planning

Rohlik plans to use this new funding to expand its operations in the DACH (Germany, Austria and Switzerland) and CEE (Central and Eastern Europe) regions. By 2030, the company aims to establish itself in over 10 more cities.

Rapid Growth And Profitability

Established to meet the growing demand for high-quality online catering services, Rohlik has enjoyed rapid and sustained growth across the DACH and CEE regions. The company currently places more than 100,000 orders per month and serves more than 800,000 customers by 2023. Rohlik unveiled its investment strategy in Germany with success in the Czech Republic and Hungary and reached profitability in Munich In October 2023, Rohlik acquired Bringmeister It's become stronger.

Resilience In Difficult Times

Despite a difficult macroeconomic environment and industry turmoil, Rohlik has grown 40% since COVID-19 The company’s ability to drive sustained growth and achieve profitability in key markets underscores its strong performance and compelling value proposition. Rohlik’s success stems from offering a variety of products at competitive prices, from fresh foods from local farmers to supermarket products. Their fast and reliable delivery is supported by an innovative technology.

Efficiency Through Automation

Rohlik works in fully automated fulfillment environments, using AI, ML and robotics to ensure efficiency and effectiveness without compromising quality These technologies are used throughout the project though provide excellent customer service at every step. Rohlik offers a more reliable 15-minute delivery window, available within an hour of booking and same-day delivery. Ninety-seven percent of Rohlik’s deliveries are on time.

Important Improvement Possibilities

The online grocery market has tremendous growth. McKinsey estimates that by 2030, up to 30% of retail sales in major countries could be online. Rohlik's planned expansion to more than 10 new DACH and CEE cities will significantly increase its customer base, in line with the company's vision of becoming the first online delivery service in CEE and Europe as a whole. With a mix of profitable mature cities and fast-growing new markets, Rohlik is on track for an initial public offering (IPO) in the coming years The new funds will be used for growth and marketing has gone, with the company targeting more than €1 billion in revenue and positive cash flow by 2024

Leadership statement

Tomáš Čupr, Founder and CEO of Rohlik Group, said, “There is a huge demand across Europe for fast and reliable online food delivery without compromising on quality we see this as a long-term opportunity will build a market-leading offering at Rohlik, we develop the technology to fulfill that promise in a sustainable and profitable way. This investment will help us grow, open facilities in more than 10 new cities and set the standard for delivering online content across Europe.”

Tamas Nagy, Director and Co-Head of Equity Investments at the EBRD, added: “We first partnered with Rohlik three years ago and our management team, technology and automation have continued to enjoy and we are proud to we will support Rohlik’s growth and expansion plans” .

Kyriakos Kakouris, Vice President of the EIB said, “This investment is the first forum under the EIB Scale-Up programme, which is designed to support mature growing companies like Rohlik This confirms our commitment to we will foster innovation and digitization across Europe, especially in critical sectors to drive our economic competitiveness”.

About The Rohlik Group

Established in the Czech Republic in 2014, Rohlik Group has pioneered online food services, offering a wide range of products and fast and reliable delivery Operations in the Czech Republic, Hungary, Austria, Germany and Romania are the fastest growing. The EBRD and EIB continue to support their growth and innovation in the European market.

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