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Flink, the German grocery delivery startup, raises $240M after launching just 6 months ago On-demand grocery delivery, which really came into its own with the emergence of the Covid-19 pandemic, continues to command huge attention from investors. The jury is still out on how people will use those services in the longer term, but in the meantime, the most ambitious of the startups in the field are raising big. In the latest development, Flink a Berlin-based on-demand “instant” grocery delivery service built around self-operated dark stores and a smaller assortment (2,400 items) that it says it will deliver in 10 minutes or less has raised $240 million to expand its business into more cities, and more countries, on the heels of strong demand. ....
Berlin's groceries-in-under-10-minutes firm Flink bags $240 million in Series A round, signs long term REWE Group support agreement tech.eu - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tech.eu Daily Mail and Mail on Sunday newspapers.
Message : Required fields BERLIN, June 4 (Reuters) - Grocery delivery startup Flink said on Friday it had raised $240 million from investors, just six months after the Berlin-based company was founded, and struck a strategic partnership with the Rewe Group supermarket chain. Flink is one of a crop of firms including Gorillas, Getir, and Weezy that have grown explosively during the COVID-19 pandemic with their promise to deliver groceries within minutes of an order being placed via a smartphone app. Its Series A funding round was led by Dutch-based consumer internet investor Prosus, San Francisco technology investor BOND, and Mubadala Capital, which is part of Abu ....