Investors show strong confidence in Rohlik Group with a €220M Series D raise

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In this post: Jan Hammer, Rohlik, Sofia Dolfe

PRESS RELEASE

  • Europe's leading full-basket¹ e-grocer Rohlik Group raises €220 million in Series D funding
  • Round led by Sofina, with participation from existing investors including Index Ventures
  • The investment enables continued development of the best customer proposition in the market, and further growth in existing geographies

Leading European e-grocer Rohlik Group ("Rohlik") has raised €220 million in a Series D funding round led by new investor Sofina. Existing investors, including Index Ventures and the founder Tomáš Čupr, also participated. The transaction is a strong vote of confidence from investors in Rohlik's fundamentals, with total funding exceeding €500 million. Funds will be used to accelerate tech innovations, including automation of fulfilment centres and electric mobility, and further expansion in existing countries.

Rohlik is a unique combination of fast and precise delivery, large assortment and great value for money. The company delivers 85% of orders within 90 minutes from order or within 15-minute same-day time windows, has 17,000 items in its assortment, and its prices are in line with brick-and-mortar competition. The offering combines well-priced private brands, locally sourced goods from small farmers and producers and top international brands. Fresh produce represents about 40% of sales, more than most competitors.

The company operates in Prague (rohlik.cz), Budapest (kifli.hu), Vienna (gurkerl.at), Munich, Frankfurt (knuspr.de) and will be soon be launched in Hamburg, Milan (sezamo.it), Bucharest (sezamo.ro) and Madrid (sezamo.es). Already serving more than 1 million active customers, revenues reached €500m last year. The group is profitable in the Czech Republic since 2018 and in Hungary since 2021.

"Series D in this tough market is a great achievement for Rohlik and the entire team. Without our great people, we wouldn't be in this position. This raise gives us a chance to emerge as a category winner in the next few years and I am excited about what lies ahead," says Tomáš Čupr.

"This investment fits with Sofina’s strategy in the Consumer and Retail sector of providing capital to support growth opportunities alongside partners sharing common values and a vision to bring efficiency, choice and convenience of food retail to new levels”, declared Sofina’s CEO Harold Boël. “We’re looking forward to working with Rohlik, leveraging on our decades of investments in the sector as we believe its focus on local supply and on assortment will put it in a good position to capture a significant share in e-grocery, given consumers’ shift towards sustainability"

Jan Hammer, Partner at Index Ventures, commented: “We are very encouraged by Rohlik’s continued strong yet sustainable growth, having now reached profitability in two key markets. This latest round of funding will allow the company to take advantage of the opportunity in front of them, as they double down on their investment in technology, accelerate expansion and consolidate market leadership.”

Arma Partners acted as exclusive financial adviser to Rohlik in connection with the transaction.

¹McKinsey breakdown: full basket vs. instant delivery vs. online discount

About Rohlik Group

Founded in 2014 in the Czech Republic, Rohlik Group is a leading European tech company bringing about a digital revolution in e-grocery. Active in the Czech Republic (Rohlik.cz), Hungary (Kifli.hu), Austria (Gurkerl.at) and Germany (Knuspr.de) it is launching in Romania, Italy and Spain in 2022 under the Sezamo brand. The company is dynamic and growing rapidly, with revenues of EUR 500m and attaining unicorn status in 2021.For more information visit www.rohlik.group

Published — June 17, 2022