Czech online grocery store Rohlik raises 220 million euros in new funding round

Gala apples are pictured in a warehouse near an apple orchard in Rembertow, Poland September 4, 2018. REUTERS/Kacper Pempel/File Photo

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June 17 (Reuters) – The Rohlik Group has raised 220 million euros in a Series D funding round led by Belgian investor Sofina (SOF.BR), the online grocery-based company said on Friday. in the Czech Republic.

The group said the new round put the company’s valuation above Series C last July, making it a unicorn with a valuation of 1 billion euros ($1.05 billion).

“The funds will be used to accelerate technology innovations, including distribution center automation, electric mobility and further expansion in existing countries,” Rohlik said in a statement.

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He said current investors including Index Ventures and founder Tomas Cupr participated in the round, bringing the company’s total capital raised to date to more than 500 million euros.

“Series D in this tough market is a great achievement for Rohlik and the entire team,” Cupr said in the statement.

The company operates under multiple brands in Prague, Budapest, Vienna, Munich, Frankfurt and plans to launch soon in Hamburg, Milan, Bucharest and Madrid.

He said he served more than a million customers and had a turnover of 500 million euros last year.

($1 = 0.9494 euros)

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Reporting by Jan Lopatka; Editing by Lisa Shumaker

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