About the Grocery Delivery Business
Founded in 2014, Rohlik is a Czech ecommerce grocery delivery startup company that enables users to buy grocery items through its business website or app.
The ecommerce grocery delivery business currently offers over 17,000 products on its website and app, ranging from meat, dairy, produce, frozen items, beverages, and many more from local butchers and farmers. Additionally, there is a 15-minute delivery window that can take up to two hours after the order is placed.
In a statement on the business website, Tomáš Čupr, CEO and founder of the ecommerce startup company, said, “At Rohlik, we want people to ‘eat well and live well.’ We offer awesome food to the general public and provide them with a service that makes life much easier. That approach made us one of the grocery delivery leaders in Europe.”
The ecommerce grocery delivery business was able to scale from the Czech Republic and expand to other European regions, such as Hungary and Austria. In the three markets, there are more than 750,000 total customers using the app and website. Furthermore, Rohlik’s website claims the ecommerce startup company has experienced 101% year-over-year, or YOY, growth in 2020 and completed nearly 639,000 grocery orders in January 2021 alone.
To date, the startup app company has raised €220 million (roughly $264.5 million) across a few funding rounds. The most recent funding round was the largest one yet for the ecommerce startup.
$230 Million in Financing
On Tuesday, the ecommerce app business announced that it completed a funding round resulting in Rohlik raising about €190 million (about $230 million). In the statement, Rohlik claimed the business had finished the 2020 fiscal year with €300 million (about $360.7 million) in revenue.
The funding round was led by Partech and Index Ventures, but also featured investments from EBRD and existing investor, Enern, among others. In addition, the startup company’s valuation was not disclosed, but Rohlik was worth a reported €600 million ($723 million) in January 2021.
With this new funding, Rohlik will be further expanding operations in the market it’s currently in, with plans to launch in Germany and other international locations.
In regard to the future plans of the company, Čupr said, “We expect that our activities will kick-start the market and force all players in the retail industry to accelerate. We are not focused on delivering a small basket very quickly like other players in the market, but fulfilling real needs of families in Europe.”
About the Author
McKenzie Carpenter is a graduate of Central Michigan University with a B.A.A. in Integrative Public Relations and French. McKenzie has previously worked for small businesses and nonprofit organizations.