Prague-based online grocery delivery startup Rohlik has secured a €100 million Series C funding round at a valuation of €1 billion. Led by Index Ventures, the capital injection will support Rohlik’s expansion; the company has already launched in Hungary and Austria and is planning to start operating in Munich in the coming months. Among the next destinations the company names Romania, Italy, France, and Spain.
Founded in 2014, Rohlik has already become profitable on its home market of Czechia. The retailer provides its customers a choice of more than 17,000 items that can be delivered within two hours. It also offers meat and dairy products under its own brand, “with other product segments to follow.”
“The newly secured funding helps us to accelerate even faster than originally intended, mainly in the areas of new market entries, fulfilment centre automation and the overall pace of innovation, including hiring great talent,” said Tomáš Čupr, founder and CEO of The Rohlik Group.
This funding round comes just some three months after Rohlik’s first capital injection of €190 million.