Grocery delivery startup Rohlik has raised 220 million euros (about $230 million) in a Series D funding round to further its advances in technology, according to a Friday (June 17) press release.
The money will go toward such innovations as the automation of fulfillment centers and electric mobility, the release stated. Rohlik will also use the capital to further its expansion in its existing countries.
The round follows the startup’s 100-million-euro (about $105 million) Series C last July.
Read more: VCs Just Chased the Food Delivery Trend All the Way to Prague in Latest Rohlik Funding
The Series D round was led by new investor Sofina with participation by existing backers, including Index Ventures and Rohlik Group Co-Founder Tomáš Čupr. Rohlik’s total capital secured to date totals more than 500 million euros (about $523 million), according to the release.
“Series D in this tough market is a great achievement for Rohlik and the entire team,” Čupr said in the release. “… 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.”
See also: Consumers Buy Cheaper Groceries, Use Digital Channels Amid Inflation
Based in Prague, Czech Republic, and founded in 2014, Rohlik has an extensive inventory of goods and delivers them in less than two hours, the release stated.
Aside from private-label brands, Rohlik offers locally-sourced goods from small farmers and producers and international brands. Fresh produce represents about 40% of sales, according to the release.
The startup serves more than 1 million active customers in Prague, Budapest, Vienna, Munich and Frankfurt, and it will be soon be launched in Hamburg, Milan, Bucharest and Madrid, the release stated. The company has been profitable in the Czech Republic since 2018 and in Hungary since 2021.
“We are very encouraged by Rohlik’s continued strong yet sustainable growth, having now reached profitability in two key markets,” Index Ventures Partner Jan Hammer said in the release. “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.”
