Czech food retail technology and online grocery company Rohlik Group today announced it has raised $170 million in new growth funding, bringing its total capital raised to more than $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 operates a fully automated fulfillment centre that leverages various AI, ML and robotics technologies to increase efficiency and productivity without compromising on quality.
Customers can experience guaranteed delivery windows within 15 minutes of booking, and same-day delivery available in as little as one hour. According to the company, 97 percent of Rohlik's deliveries are on time.
The company currently processes over 1 million orders per month and is on track to serve over 800,000 customers in 2023. It is already profitable in the Czech Republic and Hungary, and has also achieved profitability in Munich, validating its economic model in Germany and proving 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) alongside existing investors Sofina, Index Ventures, Quadrille and TCF Capital, and was complemented by growth capital from the European Investment Bank (EIB) under its Scale-Up Initiative.
Tomáš Čupr, Founder and CEO of Rohlik Group, said:
“Across Europe, there is huge demand for online grocery that is delivered quickly and reliably, without any compromise on quality. We don't see this as a short-term phenomenon, but a long-term opportunity to build a market-leading proposition.”
“At Rohlik, our obsession with customer service and leveraging AI, ML and robotics have built technology to deliver on that promise in a sustainable and profitable way, driving maximum efficiency and high productivity.
This funding will enable us to accelerate our growth, open facilities in over 10 new cities and set the standard for online grocery delivery across Europe.”
“We are pleased to be working with IMF to bring this investment to fruition,” said Tamas Nagy, director and co-head of equity investments at the European Bank for Reconstruction and Development.
“We first partnered with Rohlik three years ago and have been consistently impressed with the management team's execution and investment in their proprietary technology, automation and expanding the use of artificial intelligence across their operations.”
Kyriakos Kakoulis, Vice President of the European Investment Bank, added:
“This funding marks the first venture under the EIB Scale-Up Initiative, which is designed to support mature growth companies like Rollic.”
The investment furthers Rollic's ambitious expansion plans in DACH and CEE, with the company aiming to establish a presence in at least 10 additional cities by 2030.
Main image: Rohlik Group. Photo: Uncredited.
