Online Grocery Leader Rohlik raises €190 million to conquer the European market
PRAGUE, Czech Republic, March 2, 2021 – One of Europe’s leading online grocery businesses, Rohlik Group, has raised €190 million from investors and announced that it will close FY2020 with €300 million in revenue, representing 101% annual growth, and 750,000 customers. The round is led by Partech, joined by Index Ventures, with participation from EBRD, J&T Banka, Quadrille Capital, R2G and existing investor Enern. The funds will fuel Rohlik’s expansion in its existing markets and the launch in Germany and other international markets.
Rohlik was founded in 2014 with the vision to elevate the standards of food quality and service in the grocery industry. Its obsessions regarding customer experience are reflected in every step of the order, from the broad and unique assortment selection, with more than 17 thousand items to choose from, to the delivery experience, offering a 15-minute delivery window with delivery as soon as within two hours of placing an order.
Rohlik’s unique proposition has fueled rapid growth across the Czech Republic. In 2019 Rohlik entered Hungary, where it fast established market leadership and Austria in 2020. Rohlik Group will use the raised funds to accelerate the growth in its current markets as well as the German on-line grocery market in 2021.
“At Rohlik, we want people to ‘eat well and live well’. We offer a broad selection of awesome food to our customers and provide them with a service that makes life easier,” explains Tomáš Čupr, Rohlik Group CEO. “With this funding round, we will be able to accelerate our growth and continue to invest in our market-leading technology and operating capabilities.”
Omri Benayoun, General Partner at Partech, commented: “Rohlik is the most exciting player in the European online grocery industry. We are honoured to partner with Rohlik’s founder Tomáš Čupr, whose passion for service, sustainability and vision for the grocery sector we share. Rohlik’s execution expertise has earned it the trust of both local merchants and global FMCG companies, allowing Rohlik to outperform on quality and price compared to the grocery giants.”
Jan Hammer, Partner at Index Ventures, commented: “We’ve been impressed with Rohlik’s consumer proposition, offering premium produce alongside a wide range of value-priced products, combined with convenient delivery options. The team at Rohlik has executed flawlessly and relentlessly to create one of the most exciting and fastest-growing food businesses in Europe.”
Rohlik Group is currently the only Czech startup to receive €190 million from investors. The fundraising was supported by Arma Partners as exclusive financial advisor, legal advice from White & Case as well as the tax and accounting due diligence from Deloitte.
“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,” comments Tomáš Čupr on the expected impact of Rohlik Group’s expansion activities on the retail market.