Rohlik, a pioneering Czech grocery delivery company, recently hit a significant milestone by raising $170 million in its latest funding round. The successful funding effort brings Rohlik’s total earnings within touching distance of $800 million, a remarkable achievement since the company was founded in 2014.
This substantial influx of funds is set to facilitate Rohlik’s ambitions of expanding operations across Europe. Already serving customers tirelessly in its native Czech Republic, Hungary, Austria, and the Netherlands, the company now has eyes set on establishing a presence in Germany, Spain and other promising markets.
Rohlik enjoys widespread popularity, not simply for its user-friendly delivery services, but also its strong commitment to delivering eco-friendly and locally sourced products. The ability to fulfill orders within the confined window of 15 minutes and within an hour of order placement gives the company an unparalleled edge in customer experience.
Advanced logistics further ensure that products are always fresh on delivery. With a tech-savvy team at the helm, efficiency and precision underline the order process at Rohlik. This has positioned them at the forefront of their industry, with a projected turnover of $759 million by 2023, representing a substantial 25% increase.
The company’s primary focus of achieving success in home markets such as Czechia and Hungary is shrewd strategy. As Rohlik keeps expanding globally, fortifying its brand recognition and reputation across Europe remains a key goal.
Rohlik’s funding fuels European growth
This strategy will pave the way for expansion into Austria, Germany, Romania and beyond.
CEO Tomas Cupr aligns the company’s profitability model on achieving city-level profitability. This focus underlines the importance of serving smaller markets with precision that yields more significant profits. With every process from order initiation to delivery micromanaged by AI and robotic technology, Rohlik aspires to exceed customer expectations consistently.
Post the recent funding round, the leading investor was identified as the European Bank for Reconstruction and Development. Other investors included Sofina, Index Ventures, Quadrille, and TCF Capital. The funds will ensure Rohlik’s ambitious expansion into Germany, Austria, Switzerland, Central and Eastern Europe, and the launch into 10 new cities within this decade. This decision aligns perfectly with the long-term vision of Rohlik to emerge as a pan-European leader. Support from investors will be crucial and an invaluable resource on this ambitious endeavor.
Undoubtedly, the journey ahead is fraught with challenges, but Rohlik is buoyed by its robust business model and the faith imposed in its potential by investors. With an expanding global footprint and a focus on steady, sustainable growth, Rohlik shows every sign of cementing its position within the online grocery industry.
