🚀 Expansion Plans
Rohlik Group, parent of Knuspr, has secured USD 170M from a round led by EBRD, along with Sofina, Index Ventures, Quadrille, TCF Capital, and the EIB under its Scale-Up Initiative. This capital injection will fuel Rohlik's expansion in the DACH and CEE regions, targeting 15 additional cities by 2030. This growth is expected to enhance Rohlik’s market position and profitability.
💰 Investment Details
The new funds come from a mix of new and existing investors, highlighting confidence in Rohlik's business model. The EIB's participation, through its Scale-Up Initiative, marks a significant endorsement of Rohlik’s innovative approach. The company’s total addressable market is substantial, with projections suggesting up to 30% of grocery sales could move online by 2030 in Europe.
📈 Growth and Profitability
Founded in 2014, Rohlik has seen rapid growth, with 1M orders per month and 800K customers in 2023. It has achieved profitability in the Czech Republic, Hungary, and Munich. The acquisition of Bringmeister in 2023 strengthened its German presence. Despite economic challenges, Rohlik grew by 40% post-COVID, driven by a diverse product range, competitive prices, and high customer satisfaction.
🤖 Tech and Efficiency
Rohlik’s success hinges on its advanced tech infrastructure, using AI, machine learning, and robotics to operate fully automated logistics centers. This ensures high efficiency and timely deliveries, with 97% on-time performance. Rohlik aims for over EUR 1B in sales and positive cash flow in 2024, leveraging its innovative tech to maintain profitability and drive future growth.
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