Ultra-Fast Grocery Delivery Company Raises $240M

Flink, an on-demand grocery delivery company based in Germany, has raised a whopping $240 million in a Series A funding round.
grocery delivery

The startup is the latest company among instant delivery service providers to grab headlines by offering grocery delivery in as little as 10 minutes. The company, which launched in December 2020, already offers its service in 24 cities in Germany, France and the Netherlands and aims to continue expanding into more cities with its huge, new investment.

“We are on a mission to give people back some of their valuable time during their hectic days and impress them with our service every time they order,” Flink CEO and Co-Founder Oliver Merkel said in a statement. “We want to establish Flink as the top destination for their day-to-day goods at great prices and with instant delivery by our amazing riders. The order growth we have seen over the past weeks has been explosive and we attribute that to the excellent service we are providing to our consumers.”

Fink’s huge investment grabs are notable in a time when a number of instant delivery companies are expanding in Europe and the U.S.

Investors in the company include Prosus, BOND, and Mubadala Capital. Previously, the company raised $52 million. Additionally, Flink agreed to a partnership with German supermarket chain Rewe to fulfill small delivery orders.