Czech online grocer Rohlik Group has raised $170 million ahead of its plans to expand into 10 new cities in the CEE and DACH regions by 2030.

The funding will enable the company to work towards an initial public offering (IPO) in the next few years.

Rohlik said that the expansion will be aimed at growing its customer base in Europe and helping the company navigate towards an initial public offering (IPO) in the coming years.

The investment was led by the European Bank for Reconstruction and Development (EBRD) alongside existing investors including Sofina, Index Ventures and Quadrille. Park of the funding came from the European Investment Bank (EIB) under its Scale-Up Initiative.

Rohlik uses fully automated fulfilment centres using an assortment of AI, ML and robotics technologies. Rohlik offers15-minute delivery windows and same-day deliveries and claims that 97 per cent of its

Rohlik said it currently delivers over a million orders per month and served over 800,000 customers in 2023. In October 2023, Rohlik acquired Bringmeister, in order to increase its presence in Germany.

Tomáš Čupr, founder and chief executive of Rohlik Group, said that the demand for online grocery delivery is huge and he sees it as a long-term opportunity.

“At Rohlik, we have built the technology to deliver on that promise in a sustainable and profitable way, leveraging AI, ML and robotics technology with our obsession with customer service to drive maximum efficiency and high productivity,” he added. “This funding will allow us to accelerate our growth, opening facilities in more than 10 new cities, and set the standard in online grocery delivery across Europe.”

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