Central European Rohlik Group raises €100 million

Rohlik Group, a rapidly growing online grocery delivery, has raised €100 million in a Series C funding round, becoming the latest European “unicorn” with a valuation of more than €1 billion. The European Bank for Reconstruction and Development (EBRD) became a shareholder in the company with headquarters in Prague, but operations in a growing number of European and Central European countries.

The new funding round was led by Index Ventures, a global venture capital firm, and reflected strong demand from existing shareholders to invest in Rohlik. The company plans to continue investing in innovative technology, the development of its product range and acceleration of its international expansion.

Founded in 2014 in the Czech Republic, Rohlik today is firmly established in Hungary and Austria and is about to launch operations in Germany and other European countries. The Group’s revenue in 2020 exceeded €300 million and it served more than 750,000 customers with fast home deliveries of high-quality groceries.

Tomáš Čupr, founder and CEO of the Rohlik Group, said: “We announced the first round of financing at the beginning of March, when we raised $230 million. After three months we received additional funding led by Index Ventures. This investment shows our investors’ confidence in Rohlik Group’s fast growth. We are now perceived as a European company able to scale quickly in the very demanding Western European markets. 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.”

The EBRD became a shareholder in the Rohlik Group in March to provide a dynamic young company with the capital to finance its further growth and expansion. The Bank also expressed its long-term commitment to the company’s business model based on source high-quality products from local producers combined with digitalised operations which are fundamentally shaping up the retail sector.