The Czech Grocery Delivery startup Rohlik raised $170 million in its new debut funding round to expand  in the central and Eastern European grocery delivery market. This funding round was led by the  European Bank for Reconstruction and Development with the participation of the firm’s existing  investors including Sofina Index Ventures, TCF Index Ventures, and Quadrille. 

The firm will use these fresh proceeds to scale up operations, enhance its platform, and create a brand  presence while aiming for market expansion in Europe. The CEO and founder of Rohlik, Tomas Cupr  mentioned that the startup will mainly focus on the expansion model, and licensing other delivery  brands to partner and build their own local networks and delivery operations for this year. The startup  has not given any valuation till now but TechCrunch predicted its valuation to be higher than the last  valuation and less than 2 billion USD. The valuation of Rohlik after the previous round in 2022 was  around $1.3 billion. 

The usage of grocery delivery services increased after the peak of the Covid-19 pandemic. The  investment company AgFunder mentioned that grocery delivery startups secured around $19 million  in investments in 2021. The director and co-head of Equity Investments at EBRD, Tama Nagy showed  his support for Rohilk’s growth and mentioned the firm supporting the startup for its future expansion  plans in upcoming years. The investment shows the trust of investors in the startup’s market potential  and business model. 

Rohlik offers an online platform using cutting-edge technology to provide the best user experience.  The company offers a 90 minutes and same-day delivery services. The startup is planning to use this  investment to expand its network, enhance its platform, and advance its technology. The competition  is getting difficult in the e-commerce grocery sector and Rohlik is trying to solidify its position in the  delivery market. The company aims to fill the gap between food producers and retail consumers using  its data-driven e-commerce application.  

Conclusion: 

Rohlik is an e-commerce grocery delivery startup that secured $170 million in a debt funding round  led by the European Bank for Reconstruction and Development.The round saw the participation of its  new investors including the firm’s existing investors including Sofina Index Ventures, TCF Index  Ventures, and Quadrille. The valuation of Rohlik is predicted to be higher than the last valuation and  less than 2 billion USD. The valuation of Rohlik after the previous round in 2022 was around $1.3 billion.  The company plans to enhance its technology and aim for a market expansion. The grocery startup will  use this fund to scale up operations, enhance its platform, and create a brand presence while aiming  for market expansion in Europe. Rohlik plans to use this investment to expand its network to support  future growth, meet public demands, enhance its platform, and advance its technology. The funding  round was s first step by the firm to expand in the central and Eastern European grocery delivery  market.