The Rohlik Group, which includes the online supermarket Rohlik.cz, has secured an investment of approximately four billion koruna ($170 million). According to the group’s press release, the investment will expedite the development and expansion of services in several European countries.
The online food retailer received investment from several entities. These include the European Bank for Reconstruction and Development and the European Investment Bank, both of which support promising companies through one of their programs. Other investors include Sofina, Index Ventures, Quadrille, and TCF Capital.
“There is huge demand throughout Europe for quickly and reliably delivered online groceries without compromising quality. We don’t see this as a short-term phenomenon, but as a long-term opportunity on which we can build a leading market offering,” said Tomáš Čupr, the company’s director.
The company aims to introduce its services in at least 15 more European cities by 2030. The expansion will occur in cities in the Central and Eastern Europe region and in German-speaking countries such as Germany, Austria, and Switzerland.
In addition to the Czech Republic, the group operates in Hungary, Austria, Germany, Romania, Spain, and Italy. The online supermarket currently delivers over a million orders per month and last year served over 800,000 customers, according to its own data.
In conclusion, Rohlik Group’s biggest competitor is the online supermarket Košík, which also entered the Slovak market in June this year. Košík also operates abroad in Bulgaria.