Rohlik Group, a European food retail technology and online grocery specialist has raised €160m in funding to help fuel its expansion plans in DACH and CEE (Central and Eastern Europe), where the company is aiming to establish a presence in at least 10 additional cities by 2030.
In addition to offering online goods from fresh, locally-grown food to supermarket goods, pharmacy items and private label brands, Rohlik operates fully automated fulfillment centres, leveraging AI, ML and robotics technologies.
The company, which offers 15-minute delivery windows and same-day deliveries, said in a statement that it is planning an initial public offering (IPO) in the coming years.
In 2023, Rohlik reportedly over 800,000 customers and has now reached profitability in Munich, having already done so in the Czech Republic and Hungary. In October 2023, Rohlik acquired Bringmeister, further strengthening its footprint 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 complemented by growth capital funding from the European Investment Bank (EIB) under its Scale-Up Initiative
Tomáš Čupr, founder and CEO of Rohlik Group, said: “There is huge demand across Europe for online groceries delivered quickly and reliably without any compromise on quality. We don’t see that as a short-term phenomenon, but as a long-term opportunity around which to build a market-leading proposition.”
Kyriacos Kakouris, Vice-President at the European Investment Bank (EIB), added:
“This financing marks the first operation under the EIB Scale-up Initiative, designed to support more mature growth companies like Rohlik. It underscores our commitment to fostering innovation and digitalization across Europe, particularly in sectors crucial to the competitiveness of our economy.”
